Latest News & Developments
retail property
Key Considerations When Buying a Retirement Apartment
The essential factors to consider when purchasing a retirement apartment, from location and safety to costs and natural spaces.
Crumbling infrastructure, deteriorating municipalities, threaten property sector
Speaking to Independent Media Property recently, Neil Gopal, CEO of SAPOA (South African Property Owners Association), said despite recent positive trends in the property market, the ongoing issues at the municipal level threaten to possibly derail the commercial and industrial property sector’s recovery.
Upgrade: V&A Waterfront’s Heritage Impact Assessment begins
As the V&A Waterfront prepares for its R20bn upgrade which is expected to be rolled out in phases over the next 15 to 20 years, it is now at its Heritage Impact Assessment stage which will be reviewed.
Theo Baloyi opens new ‘Bathu’ store at Mall of Africa
Sneaker brand 'Bathu' opens its new store at Mall of Africa
Vukile says exposure to Pick n Pay limited to 6. 2% of total rent collections
A combination of the defensive nature of its South African portfolio and tenant mix, dominance of its assets and active asset management activities continues to deliver excellent results for Vukile.
No more exclusive lease agreements in grocery retail sector
The tribunal’s order means that the Spar Group is now the third retailer in South Africa that has agreed to phase out long-term exclusive lease agreements in shopping centres across South Africa.
48,000 vehicles, even more shoppers: These 2 malls were SA’s busiest on Black Friday
However, Black Friday traffic volumes in South Africa’s malls were significantly lower in 2023 compared to 2019.
Exemplar’s township and rural assets begin to feel the economic pinch
Exemplar Reitail, the listed property fund focused on rural and township retail, declared an interim dividend of 64. 272 cents per share for the six months to August 31, 6. 47% lower than the same period a year before.
Rex Trueform’s reaches diversification milestone as it aims for resilience in tough operational climate
The group is seeking to ensure that operating segments had resilient financials and a competitive advantage in their respective industries.
If you want to make good money in SA, buy a petrol station
Just like buying a property or business, the option is available to anyone who can afford it.
SA businesses selling their premises due to unreliable water and electricity supplies
Almost a third of commercial property owners are selling due to financial pressure.
Homeowners must 'hang in there’ as interest rates remain high
Commercial property owners, particularly in the office sector, are also struggling in the current interest rate environment.
Car dealerships may not offer that ‘new car smell’ in future
Buyers may have to pick their new cars off a screen.
This huge flagship shopping centre in South Africa is up for sale
The mall is expected to interest the likes of pension funds and listed REITS.
Retail group Spar to drop long-term exclusive lease agreements
The Spar agreement is in response to recommendations made by the Grocery Retail Market Inquiry and follows similar consent agreements with Shoprite and Pick n Pay.
Mother City’s CBD rallies post-Covid-19 with property investment in excess of R3. 5 billion
The Cape Town CBD’s post-Covid-19 economy is on the rebound, with property investment in the inner city last year exceeding R3. 5 billion, and the retail, hospitality and eventing sectors in a phase of regeneration.
South Africans cut back on medicine, food, but still spend on clothes, shoes
The sales declines sustain the pressure on retail shopping centre tenants, and thus on the centres themselves.
Cape Town’s CBD bounces back with billions worth of investment
The construction, hospitality, retail, and event sectors were all on the rebound by the end of 2022.
Struggling South Africans happy to spend money on shoes, clothes
General dealers and home-related retailers are suffering big declines in sales.
Telkom to auction 50 more of its properties including six in Western Cape
Fifty Telkom properties across the country, including six in the Western Cape, are set to go under the hammer at an online auction by property auction house In2Assets on August 22.
New shopping centre planned for Durbanville set to open by end of next year
There’s a new shopping centre planned for Cape Town which should be open by the end of next year.
Food Lover’s Market talks growth in times of load shedding with new shops, solar trucks
Food Lover’s Market is investing in 12 new trucks with solar powered freezers and two new stores are expected to open in the coming weeks as the company pushes for growth in a load shedding battered economy.
Sirius reports robust returns, strong prospects
CEO Andrew Coombs said in a statement Sirius had delivered another positive set of annual results, with sizeable rental growth underpinned by continued occupier demand for high-quality and affordable products in Germany and the UK.
eThekwini embarks on old buildings demolition campaign
Beside their being an eye sore, the municipality said that there has been a huge outcry from the business community and residents that these old buildings have become breeding ground for crime, and have become hide-outs for criminals.
Salt River, Woodstock residents encouraged to help draft a local neighbourhood plan
The City is busy preparing its Local Spatial Development Framework, or neighbourhood plan, for Woodstock and Salt River, inclusive of University Estate and Walmer Estate and has urged residents to be involved in the crafting of the plan.