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