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Polokwane’s new Mall almost fully let

12 Oct 2010

As the largest shopping centre in Limpopo, the R1,2-billion Mall of the North is due to open in Polokwane within the next six months and the developers say that already the centre is 96% let.

According to Patrick Flanagan of Flanagan & Gerard Property Development and Investment, leases have been signed with tenants for 36 958 sq m of space on the upper level and 35 000 sq m on the lower level.

Parking for about 4 500 cars has been provided within the regional shopping mall, located on a 27 ha site at the intersection of the N1 bypass and Modjadjiskloof Road.

“Retailers have identified the Mall of the North as an excellent business opportunity and the demand for retail space is a sign of confidence in the capital city of Limpopo,” he claims.

Anchor tenants in the centre include Pick n Pay, Checkers, Woolworths, Game and Edgars. The Mall will offer residents the first 3D cinema in the city with the opening of Ster Kinekor’s 1 000 seat venue.

The 75 000 sq m retail shopping centre will accommodate 180 shops offering a wide selection of leading national brands. The property is owned by Resilient Property Income Fund, Flanagan & Gerard and the Moolman Group.

Johann Kriek of Resilient points out that Mall of the North is Polokwane’s single largest commercial real estate investment and will help to retain a larger portion of spend in the area.

“Previously customers had to go to other retail centres in other provinces to buy many of the big name brands but this will all change when the Mall opens early next year,” says Kriek.

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About the Author
Paddy Hartdegen

Paddy Hartdegen

Freelance columnist at property24.com.

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