Iconic shopping mall in South Africa’s capital city that is shrinking and losing stores

• Brooklyn Mall's vacancy rate has worsened from 5% in 2020 to 16.8% in 2025.
• The mall is majority owned by South Africa’s largest real estate investment trust (REIT), Growthpoint Properties, which holds a 75% stake.
• Growthpoint plans to manage the pressure on Brooklyn Mall through reduced monthly gross rentals and efforts to revitalize its stores and anchor tenants.