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NEWS

Sandton City fully let after securing almost 15 000m² of prominent global and local tenants

31st October 2018
Contributor: Liberty Two Degrees

Sandton City, a world-class shopping destination with over 300 retailers, is now fully let and the tenant are all trading, following the introduction of many more „first to the country‟ stores in the past few months. With the launch of Sandton City‟s Diamond Walk in 2015, the path had been laid for the entry of several brands in the luxury category at Sandton City.

Proudly, more luxurious, and „first to the country‟ brands such as Christian Dior Cosmetics, Tod’s, House of Samsonite, Camicissima and Coach have recently joined Sandton City‟s selection of high-end retailers. As previously announced, Sandton City has also seen the introduction of several South African brands which include, Dis-Chem, Spur, Dion Wiredand Sportsmans Warehouse among others.

Liberty Two Degrees Asset Management Executive for Sandton City, Nikiwe Mkhabela says "Being one of the leading retail centres in South Africa and Africa means bridging the gap between fashion and space".

Sandton City has therefore defied the sector vacancy rate of 5.8% for similar sized shopping centres, as reported by the South African Property Owners Association (SAPOA) as at the end of June 2018. It supports the argument that Sandton City is not a simply a super-regional centre, it is something far more than that.

"Our strategic aim of running a retail powerhouse like Sandton City is to create spaces that enhance our customers‟ experience. One of the ways we achieve this is by bringing previously inaccessible global brands to our shoppers. We are pleased with the progress made to fully let our centre. This gives testament to the quality of the environments we create, as well as the continuous demand for space by both prominent local and international brands. The Stuttafords space has been fully let and taken up by bold new flagship stores like Exclusive Books, Markham, Dis-Chem, Dion Wired, LC Waikiki, Pick „n Pay Clothing, and Tommy Hilfiger" Mkhabela concludes.

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