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SHOPPING CENTRES NEWS ON FASTMOVING

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Hyde Park Corner celebrates 50 fabulous years with customers

Hyde Park Corner celebrates 50 fabulous years with customers

14/10/2019 - 15:20
Hyde Park Corner is celebrating its golden anniversary with '50 & Fabulous’ celebrations that include exciting events, lucky draws, prizes, special offers, opportunities to give back, milestone exhibits and a whole lot more in October and November.  read more
The V&A Waterfront’s Victoria Wharf is SA’s greenest shopping centre

The V&A Waterfront’s Victoria Wharf is SA’s greenest shopping centre

19/09/2019 - 09:13
The V&A Waterfront’s far-reaching waste management and recycling practices has earned the property a prestigious Green Buildings Council of SA (GBCSA) 5 Star Green Star Existing Building Performance v1 certification (EBP v1) for the popular Victoria Wharf Shopping Centre – the highest rating for any existing shopping centre in South Africa. read more
RDI Reit offloads German shopping centre for €91m

RDI Reit offloads German shopping centre for €91m

18/09/2019 - 10:23
RDI Reit said on Wednesday it is making progress in offloading its German assets after selling its Bahnhof Center in Hamburg for €91m (R1.47bn).  read more
Shopping centres need to adopt an integrated holistic and fluid strategy to drive performance - Clur report

Shopping centres need to adopt an integrated holistic and fluid strategy to drive performance - Clur report

05/09/2019 - 10:36
Shifting local and international approaches to lifestyle, health, wellness, environment, work, and community living are increasingly dictating the need for Southern African shopping centres to adopt an integrated holistic and fluid strategy to drive performance.  read more
Sky City Mall opens and there’s more to come this year

Sky City Mall opens and there’s more to come this year

04/07/2019 - 15:31
The R155 million first phase of the new Sky City Mall, catering for the residents of Waterval, Palm Ridge, and Kathlehong some 35km south east of Johannesburg in Gauteng’s Ekurhuleni Metro, is trading well since opening its doors to scores of shoppers on 18 April.  read more
R600m retail boost on the cards for Port Elizabeth's Boardwalk Precinct

R600m retail boost on the cards for Port Elizabeth's Boardwalk Precinct

20/06/2019 - 13:50
Boardwalk Mall will include the latest shopping and leisure trends.  read more
All systems go for Atteridgeville R1.2bn Capital Mall

All systems go for Atteridgeville R1.2bn Capital Mall

10/06/2019 - 15:48
The much-anticipated R1.2 billion Capital Mall in Atteridgeville will go ahead despite efforts to halt its construction on the basis that it would “cannibalise” smaller shopping centres in the vicinity.  read more
Competition body criticizes exclusive long-term leases by supermarket chains

Competition body criticizes exclusive long-term leases by supermarket chains

29/05/2019 - 15:01
Long-term exclusive lease agreements by SA's major supermarket chains at shopping centres are stopping new competitors from getting a foothold, the Competition Commission has found.  read more
Construction underway on Paledi Mall's R130m expansion

Construction underway on Paledi Mall's R130m expansion

27/05/2019 - 15:22
Building contractors are on site at Paledi Mall in the rural Limpopo town of Mankweng, with construction underway on the 7000m² third phase expansion of the centre that will take it to 32,000m² in size. The project will entrench the mall’s position as a regional shopping centre for the community with several new stores, service offerings, and leisure spaces. read more
SACSC 2019 Footprint Marketing Awards entries now open

SACSC 2019 Footprint Marketing Awards entries now open

02/05/2019 - 15:04
Shopping centre owners, mall marketing departments and agencies take note: The South African Council of Shopping Centres’ (SACSC) has opened entries for its prestigious 2019 SACSC Footprint Marketing Awards. read more
The fast-paced, ever-evolving SA retail property market

The fast-paced, ever-evolving SA retail property market

03/04/2019 - 09:53
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. read more
 How mall owners can beat the retail blues

How mall owners can beat the retail blues

07/03/2019 - 10:17
A decade ago, just about any developer or listed property fund that owned a mall or built a new one, no matter how big or small, was virtually assured of making a packet. Back then, retail was still the most sought-after investment subsector of the SA real estate market and shopping centres comfortably outperformed offices, warehouses and factories on the total return front. read more
Retail barometer sheds light on festive season trade and new age of consumer culture

Retail barometer sheds light on festive season trade and new age of consumer culture

01/03/2019 - 14:24
Growth in trading density (sales per square metre) in 2018 at monitored shopping centres in South Africa and Namibia continued to improve after a lacklustre 2017, according to a retail property barometer.  read more
No Hammerson payout as it tries to leave UK

No Hammerson payout as it tries to leave UK

26/02/2019 - 09:34
UK and Europe shopping centre owner Hammerson’s dividend will not grow over the next two years while the company, the fourth-largest property group on the JSE, sells more than R9bn worth of its weaker UK and Irish assets.  read more
The importance of frontline staff in retail

The importance of frontline staff in retail

29/11/2018 - 09:50
With the fast-approaching Festive Season only a few weeks away, malls, shopping centres and stores anticipate an influx of feet through their doors. Millions of Rands have been spent on extensive advertising, product placements, marketing and merchandising-just to name a few, but is that enough?  read more
Footprint Marketing Awards winners announced

Footprint Marketing Awards winners announced

19/10/2018 - 09:33
The 2018 Footprint Marketing Award winners were announced on the second day of the South African Council of Shopping Centres (SACSC) Annual Congress, held at Durban’s International Convention Centre.  read more
2018 Retail, Design and Development Awards (RDDA) winners announced

2018 Retail, Design and Development Awards (RDDA) winners announced

18/10/2018 - 08:27
The 2018 Retail, Design and Development Awards (RDDA) winners were announced on the opening day of the South African Council of Shopping Centres (SACSC) Annual Congress, held at Durban’s International Convention Centre. read more
Shopping centre design of the future

Shopping centre design of the future

08/10/2018 - 11:13
Winston Churchill once said: “We shape our buildings, thereafter they shape us.” A simple yet profound statement as we start to see architecture design rapidly evolving to accommodate our needs as the human race.  read more
Retailers should focus on low-hanging fruit to attract shoppers

Retailers should focus on low-hanging fruit to attract shoppers

11/09/2018 - 14:39
With competition for a share of consumers’ wallets becoming ever fiercer, retailers and retail property owners are going all out to attract shoppers. This has become crucial to their survival in an environment where consumer confidence and spending are hampered by a lacklustre economy.  read more
Benefits to property funds of diversified retail portfolios reinforced - Clur Report

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

02/08/2018 - 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. read more
115 new jobs created by Checkers Mica Mall store opening

115 new jobs created by Checkers Mica Mall store opening

01/08/2018 - 20:34
Checkers opened the doors to its new store at The Square shopping centre in Ladysmith on Thursday, 26 July 2018, creating 115 new jobs. The store’s total staff complement of 139 includes 101 youth and 104 women. read more
Research reveals SA has more than 23 million square metres of retail space

Research reveals SA has more than 23 million square metres of retail space

31/07/2018 - 11:19
According to a recent study conducted by MSCI on behalf of the South African Council of Shopping Centres (SACSC), the current size of the South African retail market is estimated at around 23.4 million square metres (sqm) of gross lettable area (GLA) across 1959 individual shopping centres (as of July 2017). read more
SA malls targeted by bomb threats

SA malls targeted by bomb threats

26/07/2018 - 12:06
In recent weeks, there have many a number of accounts of explosive and incendiary (fire-starting) devices being reported at various shopping centres and retail stores across the country. Hoaxes or terrorist plots? The truth is unknown but it is no secret, malls and shopping centres across the country are being targeted by the criminal underworld.  read more
Annual SACSC Congress to focus on innovation, facing disruption and 'game changers' in the industry

Annual SACSC Congress to focus on innovation, facing disruption and 'game changers' in the industry

26/07/2018 - 10:58
One of the most highly anticipated events on the South African shopping centre and retail calendar is fast approaching – the South African Council of Shopping Centres (SACSC) 22nd Annual Congress sponsored by Broll Property Group. read more
The SACSC announces new president

The SACSC announces new president

29/06/2018 - 13:11
Property sector stalwart Stephan Le Roux has been appointed as the new South African Council of Shopping Centres (SACSC) president. read more
Township retail and shopping centre market growing at a rapid pace

Township retail and shopping centre market growing at a rapid pace

20/06/2018 - 10:40
Despite a challenging economy and disruptions, townships have become hubs for big development in retail and brands. read more
Pick n Pay opens new Harbour Bay Simon’s Town franchise

Pick n Pay opens new Harbour Bay Simon’s Town franchise

18/06/2018 - 08:39
The partnership between Pick n Pay franchise co-owners Gary Williams and Julian Hobson 10 years ago at their store in Fish Hoek, Cape Town, has culminated in job creation of 90 new jobs at their new premises in Simon’s Town.  read more
Industry barometer shows strengthening shopping centre trade

Industry barometer shows strengthening shopping centre trade

07/06/2018 - 14:52
According to the Clur Report of SA Retail Property, an industry barometer tracking performance at more than two million square metres of retail space in South Africa and Namibia, Sales per square metre in shopping centres - from large super-regional malls to neighbourhood 'locals' - continued to grow in March. read more
Ballito Junction Mall sets first year trading records

Ballito Junction Mall sets first year trading records

28/05/2018 - 13:52
Twelve million people spent nearly R2 billion at Ballito Junction Regional Mall during its first year. This iconic young shopping centre is already outperforming in its industry, market segment, and region, and has become a firm favourite in its immediate market and beyond. read more
Shopping centre sales heading for growth

Shopping centre sales heading for growth

08/03/2018 - 13:36
After months of decline, trading densities across 2.2 million m² of physical retail space in seven provinces of South Africa and in Namibia are trending towards growth, according to an industry barometer.  read more
SA retailers and shopping centres remain steadfast

SA retailers and shopping centres remain steadfast

01/02/2018 - 11:50
Retailers and shopping centres throughout the country are reeling in from the challenging 2017 year. Despite this, retailers and shopping centres garnered support from consumers over the Festive Season. read more
Christmas shopping predictions 2017

Christmas shopping predictions 2017

19/12/2017 - 10:52
It is no secret, consumers are feeling the pinch. This year, has been an economic challenge of note. Retailers and shopping centres alike have faced obstacles unlike previous years but despite this, many have remained steadfast and continue to weather the storm. read more
Retail partnership to curb centre robberies

Retail partnership to curb centre robberies

23/10/2014 - 10:27
Johannesburg - The South African Council of Shopping Centres (SACSC), the Consumer Goods Council of South Africa, Business Against Crime South Africa, the South African Police Service (Saps), retailers and shopping centre owners and managers have formed an anti-crime collaborative forum to stem the recent spate of shopping centre robberies which have plagued Gauteng. read more
Retail vacancies reported low, Namibia

Retail vacancies reported low, Namibia

25/09/2013 - 12:05
Upmarket property manager, JHI Properties said the property market is performing well with very few vacancies available. read more
Demand for retail space soars in remote towns of Eastern Cape

Demand for retail space soars in remote towns of Eastern Cape

03/05/2013 - 09:27
The demand for retail space across remote towns in Eastern Cape such as Sterkspruit, Mthatha and Tsolo formerly known as the Transkei has accelerated, according to JHI Properties. read more
More Shopping Centres to be built Despite Weak Economy

More Shopping Centres to be built Despite Weak Economy

05/03/2013 - 08:04
Despite challenging economic conditions more shopping centres are expected to be built this year as retailers roll out new stores to increase their market share and commercial banks experience strong growth in loan demand from existing and new property clients. read more
Retail Success Dependent on Centres’ ability to differentiate

Retail Success Dependent on Centres’ ability to differentiate

13/02/2013 - 09:08
Effective marketing for a competitive shopper environment has recently emerged to reflect a change in how retailers understand and relate to the overall “path to purchase.” read more
Metropolitan areas prove a major attraction for shopping centre development

Metropolitan areas prove a major attraction for shopping centre development

08/02/2013 - 08:45
The focus of shopping centre development in metropolitan areas such as Johannesburg, Cape Town, eThekweni and Tshwane makes sense considering South Africa’s latest population statistics. read more
Broll achieves R326 million sales for shopping centres

Broll achieves R326 million sales for shopping centres

24/01/2013 - 10:02
Eleven properties previously owned by SA Corporate Real Estate Fund were snapped up by Fairvest Property Holdings Ltd for R326 million, revealing a welcome return of investor appetite for shopping centres within lower living standards measure (LSM) areas. read more
SACSC Appoints Marius Muller as new President

SACSC Appoints Marius Muller as new President

06/11/2012 - 08:17
With his enthusiasm for retail, immense experience and keen collaborative values, Marius Muller has been elected and appointed President of the South African Council of Shopping Centres (SACSC). read more
Shopping centres mushroom across SA

Shopping centres mushroom across SA

20/06/2012 - 09:51
SA IS experiencing a wave of new shopping-centre development across the country, supported by retail expansion and backing from banks and creating intense competition among shopping centres.  read more
Atterbury and Sanlam get piece of Accra Mall

Atterbury and Sanlam get piece of Accra Mall

29/05/2012 - 08:17
Property developer Atterbury and financial services group Sanlam have acquired the 85 percent shareholding in the Accra Mall in Ghana from pan-emerging markets private equity firm Actis for an undisclosed amount.  read more
Shopping centre rental growth mixed

Shopping centre rental growth mixed

16/01/2012 - 08:16
Annual growth in rentals is 5,5% for bigger malls such as Sandton City, 3,4% for smaller malls but rents move down at neighbourhood shopping centres read more