While Woolworths has canned its three-store pilot project in Nigeria, citing a mismatch with the Nigerian consumer and climate, Broll Nigeria says this need not deter South African retailers from profiting in the country.
The 2013 festive season is likely to be a mixed bag for South African retailers as rising fuel, transport and utility costs continue to see consumers apply the brakes on spending.
Global tenants and owner occupiers will get a chance to rate SA's commercial and industrial property sectors against 46 world cities with the release of international brokerage firm CBRE's latest research, which includes Johannesburg property markets.
With reasonable rents and attractive yields, the local market offers several key advantages to offer global tenants and owner-occupiers
There are opportunities for property investors and developers to achieve high returns in Africa, says head of Africa at property consultancy Knight Frank.
Furthering the growth of formal retail on the African continent, Namibia’s Auas Valley Shopping Centre is undergoing a huge upgrade with Broll Namibia at the helm of leasing, bringing the latest local and international retail concepts to the region’s consumers.
Retailers are responding to increased demand from consumers in Africa, and in particular expanding operations on the continent from South Africa, reports Malcolm Horne, CEO of Broll Property Group.
Broll Property Group was the broker firm that secured the most new deals across South Africa by value for Growthpoint.
The foremost gathering focusing on African property investment and development will be held at the Sandton Sun Hotel, Johannesburg,South Africa.

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