Retail development in rural and under-developed areas

Abstract

This research will determine if it is possible to pursue turnkey retail development in rural and underdeveloped areas in South Africa, which is sustainable and satisfies the needs of the community, the tenants and the investor. The areas of difficulty that have been experienced by developers who have pursued retail development in these areas will be discussed and solutions offered. The problems experienced in land acquisition will be identified and discussed, the associated problems with leasing and tenant coordination will be addressed, the processes and difficulties in obtaining finance, and finally appropriate design and construction of the developments