{"id":770831,"date":"2024-05-07T09:39:33","date_gmt":"2024-05-07T07:39:33","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=770831"},"modified":"2024-06-13T11:21:51","modified_gmt":"2024-06-13T09:21:51","slug":"ownership-shift-at-south-africas-busiest-mall","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/770831\/ownership-shift-at-south-africas-busiest-mall\/","title":{"rendered":"Ownership shift at South Africa&#8217;s busiest mall"},"content":{"rendered":"\n<p>Attacq intends to take full control of Mall of Africa in Waterfall City, Johannesburg. <\/p>\n\n\n\n<p>Attacq Waterfall Investment Company Proprietary Limited (AWIC), a subsidiary of Attacq (70%) and the Government Employees Pension Fund (30%), has reached a conditional agreement whereby AWIC will acquire the remaining 20% stake in Mall of Africa.<\/p>\n\n\n\n<p>The seller is held by both Atterbury Property Holdings Proprietary Limited and Atterbury Property Proprietary Limited.<\/p>\n\n\n\n<p>Attacq said that the acquisition aligns with its intention of investing in precincts that it owns and controls. <\/p>\n\n\n\n<p>Mall of Africa anchors Waterfall City and is currently the busiest mall in South Africa in terms of mall visits, data from <a href=\"https:\/\/businesstech.co.za\/news\/property\/727002\/this-is-the-busiest-mall-in-south-africa-situated-in-the-countrys-shopping-capital\/\">Lightstone shows.<\/a><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-businesstech wp-block-embed-businesstech\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"Y5ZccahHjK\"><a href=\"https:\/\/businesstech.co.za\/news\/property\/770680\/the-10-biggest-shopping-malls-in-south-africa\/\">The 10 biggest shopping malls in South Africa &#8211; with trouble for number one<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;The 10 biggest shopping malls in South Africa &#8211; with trouble for number one&#8221; &#8212; BusinessTech\" src=\"https:\/\/businesstech.co.za\/news\/property\/770680\/the-10-biggest-shopping-malls-in-south-africa\/embed\/#?secret=lfJMARQPXW#?secret=Y5ZccahHjK\" data-secret=\"Y5ZccahHjK\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Attacq said that the mall is benefiting from the continued densification of Waterfall City as the AWIC rolls out development in residential and logistics hubs. <\/p>\n\n\n\n<p>The purchase consideration for the remaining shares of Mall of Africa is R1.07 billion. <\/p>\n\n\n\n<p>With the mall valued at R5.79 billion, the purchase consideration represents a discount of 7.7% from the external market valuation. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/businesstech.co.za\/news\/property\/770680\/the-10-biggest-shopping-malls-in-south-africa\/\">Padel is coming to the busiest mall in South Africa<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Attacq&#8217;s investment company is increasing its stake in Mall of Africa, as it continues to invest in precincts that it owns and controls.  <\/p>\n","protected":false},"author":95,"featured_media":768909,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[11493,26,11178],"class_list":["post-770831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-attacq","tag-headline","tag-mall-of-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/770831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=770831"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/770831\/revisions"}],"predecessor-version":[{"id":776904,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/770831\/revisions\/776904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/768909"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=770831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=770831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=770831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}