Retail Property

A sigh of relief as SA retailer Edcon approved recapitalization plan

Owners of South African malls can now breathe a sigh of relief as the Edcon board recently approved the structure of a proposed recapitalization plan and in response, lenders have extended waivers to allow time for the company to turn itself around. ... Full story

New Shopping Mall for Côte d’Ivoire

A $30m shopping centre recently opened its doors in Abidjan, Côte d'Ivoire, on the back of strong consumer and retailer demand. ... Full story

South African retailer Edcon battles with Rent

Clothing giant Edcon has asked owners of South African malls in which it operates for a 41% reduction in rent as its seeks to secure funding to stave off liquidation ... Full story

African real estate market still standing after tough 2016

African real estate has had a tough year navigating diffcult economic conditions. Most investors on the continent remain private equity groups as opposed to long term investors or Real Estate Investment Trust ( Reit) investors. ... Full story

One of Africa's Largest Shopping Mall opens its doors

Just after completing its ambitious R2.5 -billion redevelopment which positions it as one of the largest mall in Africa, Menlyn Park Shopping Centre in Pretoria South Africa, is now home to over 500 stores and restaurants. ... Full story

Menlyn Park Shopping Centre to cement its place as Africa’s largest mall

Despite a slowdown in consumer spending across South Africa, Pretoria’s Menlyn Park Shopping Centre is undergoing a R2.5-billion revamp that will make it the largest mall in Africa, unseating Durban’s Gateway Theatre of Shopping. ... Full story

Landlords feel the pinch as Nigeria’s economic slump deepens

There is still no respite for property owners in Nigeria. The sluggish economic growth for the last few months does not bode well for rental market. ... Full story

South African Property Market worth $403-billion

South African property market is currently valued at a staggering USD $403 billion (R5.8-trillion ZAR), according to latest research released by the Property Sector Charter Council (PSCC) in Johannesburg on Tuesday. ... Full story

Big turnout at Mall of Africa grand opening

Johannesburg — The $345 million Mall of Africa set in middle-class suburbia between Johannesburg and Pretoria, opened its doors to the public, sporting more than 80 000 shoppers on its first day of trading. ... Full story

New $68m Shopping Mall for Abuja

Abuja — Construction has began in Nigeria's capital city of Abuja on a new $68 million shopping centre, Novare Gateway Mall, scheduled to open during the third quarter of 2017. ... Full story

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