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Polokwane CBD to get commercial boost

18 Sep 2009
Polokwane's central business district is set to get a further boost with the renovation of 9,160sqm of prime commercial space.

City Centre Polokwane is set to open on Thursday 26 November 2009. The R67m investment in Polokwane results from a purchase of land in 2006, subsequent tenant leasing and negotiations with the city council.

"When developed, this property will become part of the 'Golden Mile' in the Polokwane CBD, stretching from the main banking corner at Thabo Mbeki and Landdros Mare Streets to the bus terminals in the north-west," says Pieter Lombaard, Moolman Group CEO.

Situated on the landmark site where the five large grain silos of the Northern Transvaal Co-Operation previously stood, the new City Centre is the result of the redevelopment of this site and will span the entire city block bordered by Rissik, Dahl, Excelsior and Bok streets.

Secured retailers include a substantial Super Spar, Standard Bank, Pep, Jet, Tops Liquor, Simply Shoes, Express Stores, Tekkie Town, Galito's and King Pie.

Two municipal properties adjoining City Centre, which were expropriated for the purpose of a taxi rank, but never developed, will now come to life with the development of City Centre.

"With public transport a necessity in this area, it was decided to develop a proper taxi rank on the municipal land instead of providing parking on the City Centre property," says Lombaard.

The City Centre owners will be investing an amount of R5m in the taxi facilities alone.

City Centre investors will develop a 77-bay taxi rank on the municipal property.
– Eugene Brink

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