South Africa’s largest shopping mall is in serious trouble and had to embark on a strategic renewal to help save it.
Fourways Mall is in serious financial trouble. It has a large number of vacant stores and is facing serious financial problems.
It has an excellent location and a great track record. However, it is not producing the results expected after its big expansion and revamp, which was completed in September 2019. However, a lot of the additional gross lettable area is standing empty because of the low occupancy rate. The first problem was traffic. The roads leading to the shopping mall were clogged because of traffic light problems.
There was a large percentage of unoccupied stores. In some areas, multiple adjacent stores had no occupants. It was also behind the award-winning Morningside Shopping Centre, Middelburg Mall, and Mall of the North in Polokwane.The Fourways Mall co-owners have also revealed the targeted strategy to reestablish it as a top-tier shopping destination.
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