Fourways Mall’s stunning turnaround all but complete
Vacancies drop to below 10%, with activity subsequent to its year-end taking this to 'closer to 5%' The 90 000m² Fourways Mall super-regional shopping centre in Johannesburg has narrowed its vacancies to under 10% at the end of March, with 50% owner Accelerate Property Fund saying that “additional letting concluded after year-end is expected to reduce [its] vacancy rate closer to 5%”.5 million (excluding Vat) for its 50% in the property, Accelerate has been using these proceeds to improve the mall.5 million of these proceeds towards Fourways Mall capex.
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