Retail Property

Choppies, which acquired its secondary listing on the JSE in May, was due to expand in Zambia and Tanzania by the middle of this year but said this had been delayed by a few months.

Choppies pursues targets in spite of opening delays

Delays in opening new outlets in Zambia and Tanzania this year will not hold back Botswana’s largest grocer Choppies from achieving its 2016 growth target of operating 200 stores across sub-Saharan Africa. ... Full story

An artist’s impression of the Two Rivers Mall in Nairobi which is will be the largest shopping mall in East Africa. on completion.

Two Rivers Mall construction on track

Kenya can look forward to the launch of Two Rivers Mall in Nairobi — when it officially opens its doors in October. ... Full story

Amanda Stops identified and gathered insight from several recent international retail events, from the ICSC European Conference held in London to the ICSC Recon in Las Vegas, that have potential implications on business now and in the future.

4 Retail Trends that will Shape How we Shop this Year

Retail has become a stage for change, innovation and disruption. It has also become an increasingly global business as every corner of the world joins the market of our global village - and Africa is no exception. ... Full story

Botswana's investment property sector delivered an ungeared total return of 11.5% in 2014 - down from 21.5% in 2013.

Returns on Property in Botswana decline

Africa Property News has learnt that Botswana's fixed property market appears to be weakening, with the latest data from New York Stock Exchange-listed MSCI Incorporated, showing that capital valuations have softened. ... Full story

The rise of the middle class and economic growth have tempted a number of investors to look seriously at Africa as an investment destination. Without doubt, retail property is proving to be the most dynamic sector.

Retail proving to be the most dynamic sector

The retail property sector has recently come to the fore as a champion in helping the overall property market retain its reputation in Africa, Africa Property News.com has learned. ... Full story

Standard Bank Head Real Estate Finance, Gary Garrett says rapid urbanisation and a growing middle class are boosting opportunities for investment throughout the continent.

African retail and office property offers ‘significant opportunities’ for investors

Rapid urbanisation and growing consumer wealth on the African continent is providing numerous opportunities for investors wanting to gain exposure to retail and office property developments north of South Africa. ... Full story

PwC Africa Real Estate Leader, Ilse French said previously inaccessible markets were opening up through economic growth, improving political stability, and ongoing investments in infrastructure.

Global megatrends driving Real Estate growth opportunities in Africa

Rapid urbanisation, population changes, and other global megatrends including industrialisation, technology, and sustainability in city planning will drive growth in the real estate industry across Africa over the next five years, PwC said in a report released last week. ... Full story

In Africa majority still prefer shopping in-store as opposed to buying goods online, PriceWaterhouseCoopers survey released last week says.

Bricks and Mortar Retail still has a vital role to play for brands

While the digital age has encouraged more consumers to shop and browse products on the web, physical stores are still primary destinations for shoppers in Africa, according to PwC's annual consumer survey. ... Full story

More than 40 shopping centres across 11 sub-Saharan African countries are either under construction or set to break ground before year’s end, according to Terrace Africa consultant Brett Abrahamse.

Sub-Saharan Africa tops Retail Property Investment

Sub-Saharan Africa has become the hub of retail property activity, accounting for project developments worth R30,6 billion under construction and others set to break ground before the year end. ... Full story

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