The iconic 30-storey Towers Main building in Johannesburg’s ABSA Precinct now has a new owner and a new lease on life.

JSE specialist shopping centre REIT, Hyprop, will continue to invest in ongoing organic growth through further development of its local centres in order to capitalise on global retail and consumer trends.

More family fun, more good food, more shopping and convenience than ever before – that’s what the multi-million rand 8000m² expansion of Midwater Centre in Middelburg, Mpumalanga, has brought to the local community.

Wednesday, 03 April 2019 13:32

An ever-evolving retail property market

Competition in South Africa’s retail market is intense, with more than 25 million square metres of formal retail space currently, in excess of 2,000 existing shopping centres and close to three million square metres of formal retail space in the pipeline.

It is nearly universally accepted that good infrastructure has significant benefits for the economy and peoples’ quality of life. South Africa currently has a predicted annual infrastructure spend of US$50bn a year by 2030.

The Monetary Policy Committee (MPC) of the Reserve Bank has once again decided to leave South Africa’s repo rate unchanged at 6,75% and prime interest rate the same at 10,25%.

With inflation currently below the mid-point of the Reserve Bank’s inflation target and economic growth remaining sluggish, the Monetary Policy Committee kept the repo rate steady at 6.75%, as expected.

Construction of Divercity Urban Property Fund’s iconic Jewel City redevelopment is forging ahead.

Transnet National Ports Authority’s (TNPA) Port of Ngqura is the only port with a green status in the South African port system and maintains this status through a number of innovative measures.

Fortress REIT Limited, the diversified property group, is preparing to welcome Makro as the first tenant in its 28 hectare Cornubia Ridge Logistics Park, which is strategically located close to Durban’s thriving business and residential hub of Umhlanga as well as King Shaka International Airport and the Dube TradePort.

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