SA's grim economic outlook amid the steady addition of new trading spaces could mean the failure of weaker retail complexes in less-than-prime areas, writes Joan Muller Over the past 10 years, SA has experienced the emergence of a new breed of multimillionaire — scores of developers and mall owners who have assembled spectacular wealth on the back of one of the longest and strongest shopping-centre development booms the country has seen.JSE investors have also shared in the retail property party as a number of new and previously unlisted malls were brought to the listed property space in the past three to four years. These include Victoria Wharf at the V&A Waterfront in Cape Town (Growthpoint Properties), Fourways Mall in Johannesburg (Accelerate Property Fund), Clearwater Mall on the West Rand (Hyprop Investments), Garden Route Mall in George (Attacq), Galleria Shopping Centre in Amanzimtoti and Secunda Mall (Resilient Property Income Fund), Maponya Mall in Soweto and Matlosana Mal...
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