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Opening of new mall to add to South Africa's retail space glut

The oversupply threatens to topple the best returns among the country's real estate investment trusts

Published Wed, Apr 27, 2016 · 09:50 PM
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Johannesburg

WHEN Attacq Ltd snips the ribbon on its Mall of Africa in Johannesburg on Thursday, it will add to an oversupply of retail space that threatens to topple the best returns among South Africa's real estate investment trusts.

The five billion rand (S$467.4 million) centre north of the city will add 130,000 square metres of stores, the largest first-phase mall development in southern Africa, according to Attacq.

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