New City Centre Polokwane boosts CBD with top retailers and new taxi rank

Posted On Wednesday, 16 September 2009 02:00 Published by
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Polokwane’s bustling central business district is set to get a boost with the rejuvenation and renovation of 9,160sqm of prime space by the Moolman Group

City Centre Polokwane, set to open on Thursday, 26 November 2009, promises to be a valuable asset for millions of shoppers and commuters in this busy node – the central business district of the Limpopo province’s capital city - which has been earmarked for urban development. The R67 million investment in Polokwane results from a prudent purchase of land in 2006, subsequent tenant leasing and negotiations with the city council.

Pieter Lombaard, Moolman Group CEO, says: “The location of Polokwane City Centre in terms of pedestrian flow is perfect. When developed, these properties 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 to the north-west.”

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 for City Centre have been selected specifically to meet the daily needs of its shoppers and 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 and enhance its attractiveness to local commuters and shoppers.

“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 R5 million in the taxi facilities alone.

City Centre investors will develop a 77-bay taxi rank on the municipal property. “The use of the taxi rank will be agreed upon between the local taxi association and the municipality, but ultimately will be of benefit to all by providing convenient shopping directly served by public transport,” says Lombaard.

Moolman Group’s roots are well established in Polokwane and the company has over the last 40 years developed, managed and owned a substantial number of properties in the Polokwane CBD and surrounding areas. The latest project undertaken by Moolman Group is the development of Mall of the North in partnership with Resilient Property fund and Flanagan Gerard – the brand new super-regional shopping centre.

“Our experience in the area has given us a unique insight into the local market and, as a result, we are able to identify opportunities to develop properties that are both relevant to the community and perform as assets,” notes Lombaard.


Publisher: eProp
Source: Moolman group

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