COMMERCIAL
AFRICA ’ S REIT INDUSTRY
OLIVE NDEBELE GENERAL MANAGER , MENLYN PARK “ You have to ensure there ’ s as close a match between the needs of your target markets , their buying capacity , and the kinds of tenants present in your mall … Ideally , you want complementary stores feeding off each other , meeting shoppers ’ needs and enhancing revenues .”
LAURENCE RAPP CEO OF SA REIT “ The global growth of the [ REITs ] sector should continue 2017 in light of local and global dynamics . We may even see SA REITs investing in more regions across the world … The sector has certainly entered a consolidation phase as can be seen by several corporate actions announced recently . It is very likely that we will see even more in the coming months .”
MARNA VAN DER WALT CEO EXCELLERATE GROUP “ As we go along , landlords – who are investors – are probably going to look for opportunities outside the traditional South African market . We , actually , have seen a lot of consolidation and I think we ’ re at a point where there ’ s a stable and quite a mature investor community in the property sector . “
www . reimag . co . za MARCH 2017 SA Real Estate Investor 29