JHI managed Richards Bay shopping centre produces impressive figures

Posted On Tuesday, 11 November 2008 02:00 Published by
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Boardwalk Inkwazi’s refurbishment delivers increased footfall post opening fanfare and celebrations with positive levels of support from both the tenants and local consumers

For a consecutive three months, foot traffic figures have remained at the 1 million a month mark.

“The R520 million revamp and development of the JHI managed Boardwalk Inkwazi Shopping Centre in Richards Bay completed in April this year, has proven to not only offer shoppers a completely restyled shopping destination, but has also been the biggest commercial development ever undertaken in the city of Richards Bay. “ says Ivan Pachonick, Director for Retail Developments at JHI Property Services.

In April an additional 38 170 m2 of world-class retail space joined the original centre, making Boardwalk Inkwazi a regional centre with a gross lettable area of more than 65,000 m2.

The refurbishment of the centre has been well received by the local market.  Consumers who felt the absence of variety, good service and choice are now travelling from outlying areas as far as Pongola, Kwambonambi and Stanger to ustilise the centre, which is well supported by the primary catchment area. 

The well planned tenant mix has allowed for ease of comparative shopping.  “Many of the fashion tenants were relocated from the original portion of the centre to the new mall, their relocation allowed for the final phase of the development which is currently underway and incorporates key home store tenants who will open their doors to the public by the end of November 2008”, adds Pachonick.

The new tenants include Boardmans, @ Home, Home Comforts, House & Home, Pep and Foschini Express, as well as a Pick ‘n Pay Clothing Store and Liquor Outlet along with various well know national tenants. NWJ join the already well known list of national and local jewelers.  Maxi’s also recently opened as one of the newer additions to the several food retailers throughout the mall. 

Boardwalk Inkwazi is a Pangbourne Properties Ltd investment, managed in full by JHI Property Services

Publisher: eProp
Source: JHI

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