Advertise with

Belinda Clur
Belinda Clur

Benefits to property funds of diversified retail portfolios reinforced - Clur Report


By Belinda Clur Research International - Aug 2nd 2018, 09:26

The benefits to property funds of diversified retail portfolios in the current market, in terms of shopping centre format, profile and geography, have again been reinforced by latest trading results, according to the Clur Report of SA Retail Property for May. 

This industry barometer which tracks performance for property funds owning more than 2.4 million sqm of physical retail space in South Africa and Namibia, reports that its benchmark of annualised trading density for small regional, community and neighbourhood shopping centres at May showed year-on-year growth of 3.1% to R28 889/sq m.

Year-on-year growth of 2.2% to R35 374/sq m was recorded for the Clur super regional and regional centre benchmark of annualised trading density at May.

“The May report confirms a trend first noted in January this year,” says Belinda Clur, managing director of Clur Research International. “The fact that larger centres continue to record the highest sales per sqm, whilst smaller centres continue to deliver the highest annual growth in trading densities, provides further support for the case for diversification."

“An added factor is the differing growth trends shown by coastal and inland centres. Differing trends are also being seen in merchandise categories across high profile versus mid-low profile centres.”

Belinda Clur says the dominant Clur all centres benchmark for May recorded annualised trading density of R33 364/sqm. This meant year-on-year growth of 2.6%.

“The 2.6% growth shows that annualised trading densities, which broke through zero and moved into positive growth territory on an unadjusted basis in February, are continuing on an upward trajectory. This favourable upward trend has been reported since September 2017 when trading densities dropped by 1.7%.“

“Turnover at the contributing centres - pure unadjusted sales not relative to space - for the rolling 12 months to May showed growth of 2.7%. Turnover for May 2018 was 1.1% better than the corresponding figure in 2017.”


Related News

Truworths profit at nine-year low as profit plunges over 70%
16/08/2019 - 11:52
Shares in Truworths slumped to a nine-year low on Friday morning after the fashion retailer reported a 74% slide in profits amid difficult trading environments in SA and the UK.

UnionPay cards - the largest card scheme in the world - now accepted at all Pick n Pay stores across SA
16/08/2019 - 11:11
UnionPay International (UPI) has announced significant progress in the South African retail payments market through their co-operation with Pick n Pay and Absa Bank. Through a tripartite co-operation agreement, Pick n Pay, a major food, clothing, and general merchandise retailer, is now enabled to accept UnionPay cards at all of its till points across its approximately 1,800 stores countrywide.

With banana leaf lamps, H&M backs firms promising social change
15/08/2019 - 10:31
With lampshades made by Indian women and trays from East Africa, H&M said that it had become the latest retail giant to back businesses with a mission to do good, as pressure mounts to end throwaway consumerism.

Kit Kat goes solar at Benoni Cash & Carry site
15/08/2019 - 09:11
In a bid to reduce its carbon footprint, mitigate load shedding and become less reliant on the national grid, the Kit Kat group has completed a solar power installation at its Benoni Cash & Carry store.

Choppies to exit SA market, chair to step down
15/08/2019 - 09:03
Botswana-based grocery retailer, Choppies, has announced that it will be exiting the South African market, four years after expanding into the country.