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It is an interesting time for retail property in South Africa at the moment, with a number of challenges facing shopping centre owners and developers, and yet with certain opportunities still present in the market. Dr Dirk Prinsloo, MD of specialist research firm Urban Studies, highlights a few of these for Shopping SA.

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One of the most asked questions at this point in time is: “How saturated is the retail shopping industry in South Africa and what new opportunities still exist?” (pdf: whats new november 2016)

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South Africa’s commercial property industry is facing a number of challenges – yet it is also an extremely innovative industry full of people with great ideas and entrepreneurial spirit who continually find ways to counter new challenges. (pdf: Asset Magazine Issue 47 – Interview)

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Dr Dirk Prinsloo, MD of specialist research firm Urban Studies, was this year’s recipient of the South African Council of Shopping Centres’ Lifetime Achievement Award. The award is presented to professionals in the retail property industry who have made a significant contribution to the industry and who are considered to have built a legacy for the next generation. (pdf: Asset Magazine Issue 47 – Lifetime award)

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JHI has partnered with leading property research company Urban Studies, to produce its first Africa Property Report. The publication covers property markets in Angola, Botswana, The Democratic Republic of Congo, Ghana, Kenya, Mozambique, Namibia, Nigeria, South Africa, Tanzania, Zambia, and Zimbabwe.

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Retail constitutes a significant part of the urban environment in all developed as well as in a substantial and growing proportion of developing countries. In South Africa there are ± 2 000 formal shopping centres ranging from 1 000m² up to more than 170 000m

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Worldwide the tempo of online shopping is increasing and is the fastest growing retail market in Europe and North America. Online sales in Europe are expected to reach €250 billion in 2017 and the US online sales will reach $400 billion in 2017. The South African market is still very small with an estimated retail online sale of R8.9 billion per annum.

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One of the most important changes that have occurred in the South African landscape since the first democratic elections, is to be seen in the shopping centre industry.

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South Africa has a very strong and well established shopping centre industry. South Africa has the 6th highest number of shopping centres in the world after…

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