• One Tunisian mall nears completion, while another will break ground soon

    The Ben Salem brothers, owners of Tunis-based Indigo Co. (the local franchisee for such retail brands as Zara, Mango, Massimo Duttti, and Celio), are set to break ground on Tunis Garden City mall before the end of this year. The mall will have a gross leasable area (GLA) of 60,000m2 and be accompanied by a

    Categories: SagaRetail News - Retail & Shopping Malls - Tunisia

  • Sagaci in the news: African retail investment to shift towards secondary cities

    Charles Ballard, head of retail and real estate at Sagaci Research, recently spoke to asset management firm Anaxago about the commercial real estate market in Kenya. “In Nairobi, there are now more than 60 shopping malls, and the market is beginning to look saturated.” he observed. “The problem in dynamic cities like Nairobi is no

    Categories: SagaRetail News - Retail & Shopping Malls

  • Nairobi malls feel the squeeze

    There are growing signs of downward pressure on mall rents in the Kenyan capital, with a number of sitting tenants securing rent reductions and prospective tenants being offered rent holidays by landlords “Rental income has come slightly under pressure due to a temporary increase in vacancies, coupled with some tenants bargaining for reduced rentals upon

    Categories: SagaRetail News - Retail & Shopping Malls - Kenya

  • Shopping Malls in Africa

    Urbanisation, population growth, increased interest from international retailers, changing consumer lifestyles and rising household incomes are among the factors driving strong growth in demand for shopping malls across Africa. Supply is steadily rising, but many markets remain underserved, particularly secondary cities. In the medium term, new mall development is set to be concentrated in a

    Categories: SagaRetail News