Good news about South Africa’s biggest shopping mall

BusinessTech

Fourways Mall, South Africa’s largest shopping center, sees leasing and foot traffic improvements. Co-owner Accelerate Property Fund notes positive retail performance in recent trading update. Despite being the country’s largest mall post-expansion in 2019, challenges arise with increased vacancy rates and declining rent per square meter. Fair value drops from R9.6 billion in 2020 to R8 billion.
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