Retail Africa is a property development and investment company that prides itself on its creative and entrepreneurial flair, embodied in its brand philosophy – A World Beyond. This philosophy refers to a world that transcends convention and outdated trends, and which has its roots firmly grounded in a deep understanding of the retail market.
Retail Africa was established in 1999 by Angus Mackay, Hannes Pickard and Jannie Kruger. Etienne Eygenberger joined this dynamic team in 2002. The company’s success grew out of the successful blending of each team members skills, underpinned by a shared passion for the retail property industry.
Initially, the company focused on developing neighbourhood convenience shopping centres. The efficiency of the team’s approach and the distinctive design of the centres quickly put Retail Africa on the retail development map. Joined by Richard 'O Sullivan, Jaco Fourie, Hilton Dukes and Nicholas Stopforth.
The company rapidly built up a significant portfolio of small shopping centres. With its reputation as a dynamic and fast-moving operation entrenched, Retail Africa elected not to sell its developments and instead housed these shopping centres in a property investment fund named RAPFund.
The decision to make the transition from property developers to property owners was a major turning point for the Retail Africa team. Over the next five years RAPFund grew into a focussed private investment shopping centre fund of enviable quality... Another key development for Retail Africa was the decision to diversify into larger, regional shopping centres.
The invaluable experience gained through the successful sourcing, facilitation and leasing of Longbeach Mall Clearwater Mall, Woodlands Boulevard and Hillcrest Boulevard stood Retail Africa in good stead when it jointly developed the 38 000m2 Mountain Mill Mall in Worcester.
The development of other regional centres followed in quick succession. The award winning Irene Village Mall, Westwood Mall in Durban, Weskus Mall in Vredenburg, Fountains Mall in Jeffreys Bay and The Village Mall in Hartebeespoort. These malls were incorporated in a second property fund, Wingspan Property Fund, targeting regional centres.
Retail Africa Asset Managers (RAAM) was formed to manage RAPFund, Wingspan and other properties owned directly by the Retail Africa partners. Retail Africa remains very entrenched in the development field. Goldfields Mall, a 35,000 m2 mall developed in the gold mining town of Welkom has been hugely successful. Platinum Junction is a 33,000m2 value centre in Rustenburg which opened in November 2012. This was followed in 2013 by the 30,000m2 Kalahari Mall in Upington.
Retail Africa’s most prestigious development to date is Cradlestone Mall, a R1.5-billion development in Roodepoort, Johannesburg. The 82,000m2 mall is located in one of the highest growth nodes in South Africa and opened in October 2013.
The passion and the story continues..