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News article

Cape Town Retail Properties to Rent

Published: 15 May 2018

Take a Closer Look at Two of Our Iconic Cape Town Retail Properties with Space to Rent

 

If you are looking for Cape Town retail properties to rent in upmarket shopping malls offering a balanced tenant mix, high foot traffic, and stable anchor tenants, consider the Blue Route Mall and Kenilworth Centre. Both these malls are among our flagship Cape Town retail properties where retail space to rent also means having access to various exhibition and in-mall advertising opportunities. We briefly introduce the two shopping centres, giving you an indication of why you would want to consider these retail properties to rent.

 

Blue Route Mall

 

Located at the foothills of Constantiaberg mountain in Tokai, the Blue Route Mall has a scenic setting. With its distinctive glass architecture, it is also one of our most attractive Cape Town retail properties. If you are thus looking for retail properties to rent in a very popular and aesthetically appealing shopping centre, Blue Route Mall should be high on your list of priorities. Though one of our oldest Cape Town retail properties, dating back to the seventies, the mall has a modern character. We have modernised the 55 501 m2 shopping centre to be just as trendy ten years from now as it is today. It is surrounded by lush green scenery, providing a beautiful setting for shopping and relaxation.

 

The Blue Route Mall is situated just off the M3, ensuring optimal convenience for shoppers from the city centre, Claremont, and Tokai. The trading hours are Mondays to Saturdays from 09:00 to 19:00 and Sundays and public holidays from 09:00 to 17:00. The food court trades until late in the evening and the mall has extended trading hours during the festive season. With more than 120 tenants, shoppers are spoilt for choice. Well-known brands and speciality stores form part of the tenant mix. Add to that an 8-cinema movie complex, and shoppers can enjoy plenty of entertainment at the mall. The facilities are superb, with unisex parent-child bathrooms, wheelchair accessibility, and directory boards for easier navigation of the mall. It is one the most popular Cape Town retail properties in the Southern Suburbs, giving you more reason to rent space in the shopping centre.

 

The mall caters to the shopping needs of people from the upper socio-economic income groups, with most of the shoppers from the Living Standards Measure (LSM) 7-8 and 9-10 income groups. Females make up 58% of the shoppers, with shoppers in the age group of 46 and older making up 34%, those in the 36 to 45 age group making up 28%, and shoppers in the 26 to 35 age bracket being 26% of the visitors. As such, retailers have a broad spectrum of shoppers in terms of age to which they can offer products and services. The Blue Route Mall has an annual foot count of 8 188 371 (2015). Anchor tenants include Woolworths and Checker Hyper, Truworths, Edgars, and Mr Price, among many other top retail brands.

 

Kenilworth Centre

 

Still on the topic of sought-after Cape Town retail properties to rent, Kenilworth Centre should also be high on your list of priorities. It is one of the longest-running shopping centres in the Southern Suburbs, but with recent revamps, it stays current in terms of architecture and shopping experience. Over the years, the 48 947-m2 mall has been revamped several times, ensuring its place as one of the iconic Cape Town retail properties, and a sought-after address if you are looking for retail properties to rent. With recent upgrades, the mall now offers an additional 5 000 m2 of space. It has more parking and the flow from one shopping category to another has been improved. It boasts a distinctly upmarket character and is popular with shoppers from affluent income groups.

 

Shoppers from the LSM 7-10 income category make up 71% of the shoppers, with the average household income being R20 000 per month. The majority of shoppers are English-speaking, with 51% of shoppers living or working within a radius of 5 km from the mall. Kenilworth Mall has an excellent tenant mix, with anchor tenants including the likes of Checkers, Pick n Pay, Virgin Active, Edgars, and Woolworths. The mall has 96 tenants that include speciality stores such as Fragrance Boutique and King Cake renting retail space here.

 

Call on us for more information about our range of Cape Town retail properties to rent.

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