South Africa’s biggest shopping mall scores major win

BusinessTech

South Africa’s Fourways Mall, facing high vacancies and reduced earnings, has seen a turnaround with vacancies dropping from 23% to 13% in 2024. The mall’s improved offerings and tenant mix led to a 9.5% increase in total spend, indicating renewed consumer confidence. Accelerate Property Fund’s new management team implemented a successful strategy to revitalize the retail center.

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