Finweek English Edition - - THE WEEK -

The mas­sive 133 000m2 Mall of Africa in Midrand has de­liv­ered beyond that ex­pected by JSElisted cap­i­tal growth fund At­tacq. On its first day of trad­ing late in April last year, the mall, owned by At­tacq and At­ter­bury, at­tracted 123 000 vis­i­tors. Since open­ing it has at­tracted 13.7m peo­ple. That’s an av­er­age monthly foot­fall of over 1.2m vis­i­tors. Turnover for the 11 months of trad­ing to March 2017 equated to a monthly av­er­age of R311.6m. Sales per square me­tre were R2 630 on av­er­age, com­pared with the av­er­age R2 000/m2 mall own­ers typ­i­cally hope to achieve in a mall’s first year of op­er­a­tion.

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