Akani’s R1.1bn acquisition of Nicolway Shopping Centre

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

AkaniProperties’ R1.1 billion acquisition of the 23 000m² Nicolway Shopping Centre may serve as the group’s flagship given the centre’s location in affluent Bryanston in Johannesburg’s northern suburbs. Moneyweb PropertyNews CompanyNews

Akani Properties’ R1.1 billion acquisition of the 23 000m² Nicolway Shopping Centre, as well as all properties in the Nicolway Precinct, may serve as the group’s flagship given the centre’s location in affluent Bryanston in Johannesburg’s northern suburbs. The unlisted group says the purchase was made on behalf of its client, the Municipal Employees Pension Fund , with the transaction approved by the Competition Tribunal in December.

But if you look at Nicolway, it’s more a community type shopping centre that has a number of different roles and functions.” Prinsloo added that super-regional shopping centres such as Menlyn Shopping Centre will experience some vacancies going forward due to not having enough tenants to fill up the space. However, community-type shopping centres don’t use that much space in terms of their footprints for their retail outlets.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Taxi industry finally accepts Covid-19 relief fundsTransport minister Fikile Mbalula says R1.135bn will be shared by about 137,000 minibus, 25,000 meter taxis, and 63,000 e-hailing operators, with each one getting about R5,000 in relief funding
Source: BDliveSA - 🏆 12. / 63 Read more »