Multinational retailers hungry for space in SA’s shopping malls

Despite weak economic and retail sales growth, multinational retailers are hungry for space in SA’s shopping malls. Retailers that stocked globally recognised brands were attractive to landlords because they could draw feet, said Evan Robins, listed property manager of Old Mutual Investment Group’s MacroSolutions. Hyprop Investments, which is the owner of some of the highest-quality shopping malls in SA, said earlier in March that it would expand its Mall of Rosebank again as it looked to cater for multinational retailers. As much as 4,300m² of retail space would be added to the mall. There is speculation that Swedish retailer H&M will open a store in the new space because it already has stores in other major shopping centres.

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Subscribe Sign in

Cancel anytime.

Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

SIGN UP

SIGN IN

Please read our Comment Policy before commenting.