Norwood Mall reports positive trade and rise in foot traffic

Posted On Tuesday, 11 March 2014 12:06 Published by
Rate this item
(0 votes)

Norwood Mall has seen a steady increase in shoppers since January 2013, thanks to this shopping centre's many recent enhancements, exciting new retail mix and its latest wide-ranging retail attractions.

Norwood Mall

Owners of the mall, The Cavaleros Group, report the centre traded substantially higher than expected by its retailers in 2013, averaging 6% growth. This growth was seen across all retail categories.

And, since introducing the new B&B Norwood Rooftop Market to its events in September 2013, the mall's reach has grown exponentially. The market takes place at Norwood Mall every Sunday, offering over 300 traders.

"We have attracted a huge new market, not only from Johannesburg but from further afield including Pretoria," says Leila Daya, Portfolio Manager at Cavaleros, owners of Norwood Mall.

"Tourists have also been key in boosting shopper growth at Norwood Mall," notes Daya. "However the centre was already growing steadily before the market opened."

Now featuring 80-plus retailers at the centre, Norwood Mall has evolved to bring its customers the shopping and leisure that they want, both within the mall and with the added attraction of one of South Africa's leading markets.

"Customer needs are changing all the time and we constantly seek to grow and improve Norwood Mall to better meet these needs. Our trading figures reveal that our strategy is delivering positive results, resonating with shoppers and driving positive sales trends," says Daya.

Most Popular

Residential sectional title sales again on the rise

May 27, 2021
Over the past 15 years, the sectional title market in South Africa has become entrenched…

Pick n Pay and Fortress co-invest in a super distribution centre development

May 26, 2021
Fortress REIT announced that their biggest logistics development to date was signed with…

Ongoing property market uncertainty makes the right finance partner key to extracting value

May 26, 2021
Claire Denny
Results from the listed property sector in 2020 showed property values reducing by an…

Exemplar REITail declares final dividend of 49.07 cps and announces 100% distribution

May 25, 2021
Mall of Thembisa
Rural and township retail specialists, Exemplar REITail, have declared a final dividend…

East Rand Mall will soon deliver the first phase of its major taxi rank upgrade

May 26, 2021
Phase 1 upgrade to the taxi rank at EastRand Mall
The first-phase upgrade of East Rand Mall taxi rank in the retail heart of Boksburg,…

Please publish modules in offcanvas position.