Like the year so far, the 2015 festive season is set to be tough and highly competitive for retailers. So says Marius Muller, CEO Pareto Limited, the country’s premier shopping centre investor and a leading retail property player with landmark assets across South Africa.

Pareto announced the established a new property management company - Mowana Properties - to manage both its own directly held property assets as well as that of the Public Investment Corporation (PIC), together valued at around R30 billion.

The South African Council of Shopping Centres’ (SACSC) Footprint Marketing Awards were announced at the SACSC’s 19th Annual Congress, and the Spectrum Award - was given to Cape Town’s Tyger Valley Centre.

Waterfall Corner in Midrand, Gauteng, has been named the winner of the sought-after Spectrum Award for the best retail development, making a splash at the in the South African Council of Shopping Centre’s (SACSC) Annual Retail Design and Development Awards (RDDA).

The Pavilion shopping centre in Durban is set to get a massive R1.1 billion makeover and expansion designed to strikingly reposition the centre, significantly increasing its leisure and retail offering.

The traditional shopping centre model is turning on its head, according to indicators emerging from research covering two million square metres of retail space across South Africa.

Ongoing high municipal rate hikes are harming communities because of a lack of understanding about the far-reaching impacts of these increases reports Marius Muller, CEO of Pareto Limited. 

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.

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