Sandton is seen as South Africa’s most important business and financial hub.

Recent tight economic times have seen certain big retail centres experience a reduction in rentals, turn-over and profits.

When online shopping started to take off there was much speculation that this would be the beginning of the end for retail centres.

The role of the property manager is evolving - with the lines being blurred between that of a property manager and that of an asset manager.

As the main source of income for commercial buildings, tenants are key, highlighting tenant retention as a primary focus for building owners and managers.

Thursday, 10 March 2016 13:46

Rural retail growing in South Africa

Spire Property Management recently secured the management contracts for several retail centres in outlying areas of Durban and Johannesburg.

In an exciting move that sees a fresh new offering entering the Cape Quarter, celebrity chef Jenny Morris, who is known as The Giggling Gourmet, has relocated her business, the Cooks Playground, into a custom-built space within the iconic Cape Quarter mixed-use centre.

The iconic Cape Quarter complex, which is situated in Green Point Cape Town, has undergone significant renovation and rejuvenation since it was purchased by the Tower Property Fund in 2013.

The southern suburbs of Claremont, Rondebosch and Newlands have become one the fastest growing decentralised office nodes in Cape Town.

Spire Property Management continues to grow their national footprint and the retail component of their management contracts through the recent securing of a new retail centre in Kwazulu Natal.

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