As Covid-19 forces landlords to reinvent themselves, is this the end of high-end malls?

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
SA's malls suffered due to Covid-19. But could the fall in foot traffic be permanent?
SA's malls suffered due to Covid-19. But could the fall in foot traffic be permanent?
Getty

South Africa's mega destination malls could look very different in a year or two from now.

Hyprop, which owned high-end malls like Hyde Park Corner and Canal Walk, may house online retailers' pick-up points, Home Affairs and municipal offices if it could convince them to move into malls.

Attacq's centres, which included Mall of Africa, Waterfall Corner and the Garden Route Mall, were also positioning themselves to be "retail hubs" that facilitated click-and-collect purchases and offered other "on-demand services".

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
15.10
+0.9%
Rand - Pound
20.46
-0.0%
Rand - Euro
17.13
-0.0%
Rand - Aus dollar
10.85
-0.0%
Rand - Yen
0.13
-0.0%
Gold
1,834.71
0.0%
Silver
24.29
0.0%
Palladium
2,111.50
0.0%
Platinum
1,034.00
0.0%
Brent Crude
87.89
-0.6%
Top 40
68,186
-2.1%
All Share
74,835
-1.9%
Resource 10
74,924
-3.0%
Industrial 25
94,147
-1.8%
Financial 15
15,076
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot