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Sandton City is fully let for 1st time since 1973. Recession? What recession?

7 November 2018 7:03 PM
Tags:
Sandton City
Vacancies
shopping centre

Africa's richest square mile's oldest, most opulent shopping centre is booming like never before, says Amelia Beattie.

It shows you the incredible resilience of this asset… This centre has something very special that doesn’t exist everywhere… It trades for seven days a week… The place is always full… They [retailers] want to be in Sandton. They don’t want to be anywhere else...

Amelia Beattie, Liberty Two Degrees

Sandton City is fully let for the first time in its 45-year existence.

Vacancies at similar shopping centres currently average 5.8%, according to the SA Property Owners’ Association.

A 0% vacancy is highly unusual, even in good economic times, which these are not.

The Money Show’s Bruce Whitfield interviewed Amelia Beattie, CEO of Sandton City part-owner Liberty Two Degrees.

Listen to the interview in the audio below.

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7 November 2018 7:03 PM
Tags:
Sandton City
Vacancies
shopping centre

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