Resilient Property Income Fund on Thursday said it had increased its stake from 10% to 75% in two major, adjacent shopping centres in southern Durban through a net purchase price of R1.39bn.

Wednesday, 14 August 2013 12:29

Spar opens first forecourt store

Listed retailer Spar Group has joined the foray into the forecourt stores business with the opening of its first Spar Express store in Germiston on Wednesday.

In keeping with its business philosophy of providing funding and support solutions that realise opportunities for its clients, Nedbank Corporate Property Finance has concluded a R144 million loan agreement with Atterbury for the development of the Waterfall Corner Retail Centre. 

Retailers are increasingly turning to loyalty schemes as they try to keep existing customers and capture the attention of potential consumers, according to market research conducted by the Newspaper Advertising Bureau’s (NAB’s) 2013 Roots survey.

Eyethu Orange Farm Mall will result in the entire Orange Farm community holding a 10% stake in this 27,000sqm regional shopping mall, which is helping to transform the area into a flourishing central business district, and creating a valuable multi-faceted community asset.

Nedbank has provided R52 million finance to Imojoe International CC (Imojoe) for a 10% undivided share in a major regional shopping centre currently under construction, the Sasol Secunda Mall in Secunda, Mpumalanga.  

Wednesday, 26 June 2013 13:56

Rural retail still tops in Eastern Cape

The Eastern Cape, a region mostly overlooked by commercial property investors when compared with other parts of South Africa, is experiencing a sustained retail and property boom.

A recent uptick in development activity in Tygervalley has led to the node further establishing itself as a big player in the Cape Town commercial property market.

Keeping its shoppers right on trend, Sandton’s Morningside Shopping Centre has exciting new stores set to open in July. 

The 38 000m² retail development by Zenprop Property Holdings generated in excess of R818 million of retail turnover for the first 12 months of trade. 

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