{"id":844996,"date":"2025-11-28T14:30:00","date_gmt":"2025-11-28T12:30:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=844996"},"modified":"2025-11-28T14:26:02","modified_gmt":"2025-11-28T12:26:02","slug":"popular-shopping-mall-in-south-africas-richest-area-sold-to-one-of-its-key-tenants","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/844996\/popular-shopping-mall-in-south-africas-richest-area-sold-to-one-of-its-key-tenants\/","title":{"rendered":"Popular shopping mall in South Africa’s richest area sold"},"content":{"rendered":"\n

Changing Tides 91, a company linked to Flanagan & Gerard Property Development, has bought the remaining half of Morningside Shopping Centre that it does not already own. <\/p>\n\n\n\n

Flanagan & Gerard have a strong relationship with the centre, with their offices found within the centre itself.<\/p>\n\n\n\n

Morningside Shopping Centre is a bespoke community centre situated in Morningside, Sandton – the richest square mile in Africa. <\/p>\n\n\n\n

The centre features over 60 stores that have been carefully selected for their unique offerings, high-quality products, and personalised services. <\/p>\n\n\n\n

Flanagan & Gerard say that shoppers can enjoy an exciting mix of high-end fashion, a variety of fine dining, and an extensive range of exclusive shops at the centre. <\/p>\n\n\n\n

The centre offers a range of services, including gifting, jewellery, pharmaceuticals, tailoring, dry cleaning, printing, medical suites, and car wash services.<\/p>\n\n\n\n

The original shopping centre at the site had existed for over four decades before undergoing a massive redevelopment. <\/p>\n\n\n\n

In early 2008, the site was acquired by Flanagan & Gerard Property Development and investment company Grapnel Property Group. <\/p>\n\n\n\n

The centre was then redeveloped, with a new and improved site officially opening in June 2009. <\/p>\n\n\n\n

Flanagan & Gerard said that the centre now boasts discerning shoppers of the highest socio-economic profiles in greater Johannesburg.\u00a0<\/p>\n\n\n\n

The centre benefits from the high growth and surrounding office expansion and residential developments in the area. <\/p>\n\n\n\n

The centre is also conveniently located near the French School, Grayston Prep, Crawford College, Redhill School, Rivonia Primary School, and King David School. <\/p>\n\n\n\n

The centre aims to provide convenience to the residents of Morningside, Bryanston, Rivonia, Duxberry, River Club and Gallo Manor.<\/p>\n\n\n\n

The mall is now set for a new era after the Competition Commission approved Changing Tides 91 (CT91) acquiring the remaning 50% it does not already own. <\/p>\n\n\n\n

The commission recommended that the Tribunal approve the proposed transaction, which will give CT91 sole control over the property following the merger. <\/p>\n\n\n\n

The commission is of the view that the proposed transaction is unlikely to substantially lessen or prevent competition in the market. <\/p>\n\n\n\n

The proposed transaction also does not raise any public interest concerns.<\/p>\n\n\n\n

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Images of Morningside Shopping Centre<\/h2>\n\n\n
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The Competion Commission has recommended that the sale of 50% of Morningside Shopping be approved. <\/p>\n","protected":false},"author":95,"featured_media":845009,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[1516,24285],"class_list":["post-844996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-competition-commission","tag-morningside-shopping-centre"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/844996","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=844996"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/844996\/revisions"}],"predecessor-version":[{"id":845024,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/844996\/revisions\/845024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/845009"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=844996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=844996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=844996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}