Retail Property

Choppies Enterprises has announced plans of exiting the South African market, a few years after expanding into the country

Botswana-based grocery retailer to exit SA market

With South Africa’s economic showdown taking its toll on commercial property and mall owners, Botswana's budget retailer Choppies Enterprises has announced plans of exiting the South African market, a few years after expanding into the country ... Full story

Hyprop CEO Morné Wilken said: “At interims in March 2019, we stated clearly our intention to curb Hyprop’s exposure to sub-Saharan Africa.

SA Shopping Mall Investor reduces exposure to Africa

Hyprop Investments, South Africa’s largest listed specialized shopping centre owner, on Friday said that AttAfrica Limited, in which it owns a 37.5 percent stake, had concluded an agreement to dispose of its interest in Achimota Retail Centre in Ghana. ... Full story

Carrefour is set to open its first branch in Kampala as it moves to take up space previously occupied by struggling Kenyan retailer Nakumatt.

French Supermarket Giant to open stores in Uganda

French retailer Carrefour is set to open its first branch in Kampala as it moves to take up space previously occupied by struggling Kenyan retailer Nakumatt. ... Full story

According to the project owners, Mikalile Investments, construction started in May and the company intends to complete phase one (the Mall) by next year.

$20m earmarked for Hotel and Shopping Centre development in Zambia

Kasama, a city in the Northern Province of Zambia, is in for $20 million commercial transformation, that will see the development of a new four-star hotel and shopping mall at Kasama Golf Club (KGC). ... Full story

Shoprite Holdings, has opened its second supermarket in Kenya at the Garden City Mall in Nairobi.

SA retailer Shoprite expands in Nairobi

South African based retail giant, Shoprite Holdings, has opened its second supermarket in Kenya at the Garden City Mall in Nairobi. ... Full story

Casablanca’s hospitality sector will continue to witness positive sentiment with new international developments entering the market, said Craig Plumb

Investor appetite grows for Casablanca’s stable real estate market

Casablanca’s Market remains active with new projects announced in 2018 across the hospitality, retail and industrial sectors. ... Full story

Edcon, the largest non-food retailer in South Africa which owns Edgars, Jet and CNA, has secured $191 million from lenders, landlords and the Public Investment Corp.

SA retailer Edcon gets $191m from public, landlords and lenders

Edcon, the largest non-food retailer in South Africa which owns Edgars, Jet and CNA, has secured $191 million from lenders, landlords and the Public Investment Corp. ... Full story

Edcon which owns Edgars Stores, Jet and CNA, has been under extreme financial pressure over the past few years.

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

Cosmos Yopougon is the most expansive shopping centre in the country and, significantly, bucks the format of other large-scale malls that have mushroomed in the wealthier parts of sub-Saharan African cities.

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

Edcon which owns Edgars Stores, Jet and CNA, is asking South Africa’s big shopping Mall Owners to reduce its rent in order for it to survive.

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

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