Residential property growth in Gauteng has been lacklustre at best over the past two years, with prices for existing properties achieving little to no growth (once adjusted for inflation).

Balwin Properties acquire development rights from Portimix in Johannesburg’s Kyalami and Waterfall node for R1.5bn.

The massive 131 000 m² Mall of Africa is scheduled to open in April 2016.

While the local commercial property finance market has been constrained by poor economic growth, rising operating costs and low business confidence in the first half of this year, it remains buoyant, continuing the strong trend seen over the past few years, according to Nedbank Corporate and Investment Banking (NCIB) managing executive of property finance Robin Lockhart-Ross.

Attacq’s much-talked-about Mall of Africa, the largest single-phase shopping centre yet to be built in SA, is more than 90% let and on track to open its doors at Waterfall City in Midrand.

Mall of Africa is scheduled to open its doors in April 2016 in the heart of Waterfall City.

Atterbury Property’s giant, 131 000m² Mall of Africa development is already over 90% let, with construction on schedule and progressing apace ahead of its opening in April next year.

Attacq Limited posted a 5.1% growth in net asset value per share (“NAVPS”) for the six-months to 31 December 2014 and 20.8% growth in NAVPS for the full year compared to December 2013.

Attacq's flagship Waterfall development, a trail-blazing mixed-use property development centrally situated between Pretoria and Sandton, is changing the landscape of Gauteng, with developments valued at more than R7 billion already developed or secured.

Developers will keep on building malls, says Emira Property Fund CEO James Templeton on the side lines of the South African Property Owners Association conference.