The Competition Commission has approved the sale of five major malls in South Africa.
The Competition Commission has unconditionally approved the sale of five shopping malls in South Africa, carrying a total transaction value of R3.9 billion.
Baywest Mall is of particular interest as it is a more recent build and is the largest shopping mall in the Eastern Cape at 87,000 square metres. Baywest was acquired for R1.25 billion in the deal.The other malls included in the sale are Sunnypark Shopping Centre in Pretoria, Forest Hill City in Centurion and Bloed Street Mall also in Pretoria.
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