Retail Property
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
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
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
$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
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
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
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
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
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Watch: A Credible Market, the need for Standards in Property Industry
Valuation standards have a significant role to play in helping to regulate professional practice at national, regional and global levels, promoting professional ethics, integrity, impartiality and trust in valuer activities in the property industry. ... Full story