Construction on the new R200 million Tshakhuma Mall (originally Tshakhuma Corner) in Limpopo is nearing completion, with the centre expected to open in October 2023. The 11,500-square-metre mall was announced in late 2022 as part of the McCormick Property Developer portfolio. The MPD group has been behind a host of “rural retail” developments of the […]
Category: Commercial
Cape Town Central City’s Commercial Property Sector Thrives Amidst Challenges – CCID REPORT
In the face of ongoing challenges, the commercial property sector in Cape Town’s Central City has managed to maintain its strength and vitality throughout 2022. The “State of Cape Town Central City Report” released by the Cape Town Central City Improvement District Organization sheds light on the remarkable developments that have shaped the urban landscape […]
Registered property valuers are crucial, particularly amidst unsustainable municipal rates increases
Commercial and industrial property owners across the country are bearing the brunt of unsustainable rates increases, which in turn, is negatively impacting South Africa’s economic growth, says Mark Govender who is based in Cape Town, and a member of Swindon Property’s national team of certified valuers. Govender says: “Increases in municipal property valuations and rates have resulted in substantial tariffs being levied […]
Massive shake-up for shopping malls in South Africa as Spar, Pick n Pay and Shoprite end exclusivity agreements
Over 2,000 shopping malls and retail centres in South Africa are in for a major shake-up as retail group Spar joins Pick n Pay and Shoprite in bringing an end to long-term exclusive lease agreements. Spar signed a consent agreement with the Competition Commission on Tuesday (30 August) to this effect. The consent agreement follows […]
Circular Notice [C/02/07/2023]
Circular Notice [C/02/07/2023]