A new bench mark has been set for property sales north of Umhlanga.

The question is whether SA can support another mall.

Consumer spending may well be in the doldrums, but punters who invested in blue-chip mall owner Hyprop Investments, when the share price was about R89, are in the pound seats.

Emira Property Fund has secured yet another prime property in the flourishing Menlyn node in Pretoria. The R403 million, 50% share in five buildings in Summit Place, a new P-grade office development that includes other mixed uses, will further bolster Emira’s already flourishing portfolio of quality property assets.

For most in the building sector, a project of the sheer magnitude and complexities of the Menlyn Park Reconfiguration Phase 2 project comes once or twice in their lifetime.

It might be mid-week and days after month-end, but the buzz at the sprawling Mall@Carnival as shoppers stream in from across Ekurhuleni and beyond is unmistakable.

Speculation and interest surrounding the nature of the iconic, concrete tower structure situated along the N1 highway near Allandale interchange, have recently peaked.

Barrow Properties and Menlyn Maine Investment Holdings have just announced the launch of Park Lane West, an 11 800 m ² sectional title office building, setting new standards in corporate design.

This is a very difficult year for retailers. 

By all accounts, the next two years are going to be challenging ones for the residential property market, thanks to rising interest rates and slow economic growth.