Property company Flanagan & Gerard Property Group's shopping centres saw growth in revenue in June of 12% year-on-year, despite South African retail sales having declined by 2% during the month, and the company's portfolio delivered 20% growth in turnover between July 2021 and July this year. “Regional malls are bouncing back. Footfalls are up year-on-year and moving higher than pre-Covid numbers for the first time, while spend-per-head has increased significantly,” says Flanagan & Gerard MD Paul Gerard.
