Sandton City has again delivered outstanding performance results, with recently released figures pointing to a year-on-year turnover growth of 16% and welcoming in excess of 24.5 million visitors to the centre for 2013. The prestigious, super-regional centre is the flagship in the Liberty Group’s retail property portfolio and STANLIB, the Group’s asset manager, oversee the performance of this key property asset.
Amelia Beattie, Chief Investment Officer of STANLIB Direct Property Investment franchise comments: ‘These are pleasing results, particularly in an economy where confidence levels are down. It confirms that, notwithstanding market shortcomings, South Africans are continuing to enjoy the lifestyle offerings at our retail destinations.’
The categories that showed the most significant turnover growth include the specialised gifts sector at 33%, followed by fine jewellery at 31% and luxury brands at 29%.
Sandton City’s positive retail performance confirms its position as a world-class shopping and rendezvous destination for millions of local and international visitors.