Options on retail lease agreements that give shopping centre tenants certain future rights, often with punitive effects for the shopping mall owner, have come under the spotlight as SA’s retail centre industry matures and evolves to meet modern shopping trends.
Menlyn Park’s Grocery Avenue features the latest in store design for Checkers Hyper, Food Lovers Market, Pick n Pay and New World Discount Store.
There is little commitment to real transformation from the executive leadership of South Africa’s listed property sector and it’s time for a change in mindset, or for new leaders that will make transformation a priority.
The greater the dominance of a property asset, the more protected the property investment will be in 2015's subdued economic markets, advises Marius Muller, CEO of SA property giant Pareto.
South African consumers are in a tougher position than a year ago and retail will be under pressure to perform this festive season.
Newsletter Issue 84 Introduction: 20 years of Democracy in South Africa, less than 5% black shareholding in listed property
Marius was appointed as Chief Executive Officer of Pareto in May 2010.

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