John Rabie, one of South Africa’s most successful property developers, has recently embarked on a substantial new venture in Portugal. 

Fortress REIT, the JSE-listed diversified property group, says the first phase of its White River Crossing development, a state-of-the-art retail and leisure centre near the Kruger National Park is nearing completion and is on course for its scheduled opening on 22 August 2019.

Wednesday, 03 April 2019 13:32

An ever-evolving retail property market

Competition in South Africa’s retail market is intense, with more than 25 million square metres of formal retail space currently, in excess of 2,000 existing shopping centres and close to three million square metres of formal retail space in the pipeline.

The Rubik , a newly launched luxury mixed-use building situated in the heart of Cape Town’s CBD is set to challenge property development in South Africa with its iconic and unique architecture and design.

As suburbs grow we often see large shopping malls being built within close proximity to smaller community retail centres.

Market remains active with new projects announced in 2018 across the hospitality, retail and industrial sectors.

Many point to online retail as a key challenge to the Retail Property Sector, and no doubt it is one of the challenges, as technology marches forth.

Texton Property Fund has secured a long-term lease renewal with Truworths for its prominent high street shop in central Durban, KwaZulu-Natal - one of the group’s biggest stores in South Africa.

Wednesday, 20 February 2019 19:17

Property insights- Budget week

Minister Tito Mboweni’s 1st Budget is likely to be a “tough” budget, with economic weakness constraining revenues along with a seemingly endless list of urgent spending priorities, some bordering on crises, giving him little room to manoeuvre.

Table Bay Mall celebrated its 1st anniversary on 28 September 2018. With 65,000m² of retail space, this world-class regional mall has, despite tough economic conditions, achieved turnover of more than R100m per month since it opened its doors; and continues to have an optimistic outlook for the coming years in the rapidly expanding Big Bay, Bloubergstrand and West Beach catchment areas.

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