R1bn Matlosana Mall to open its doors in October

Posted On Thursday, 07 August 2014 10:14 Published by
Rate this item
(0 votes)

Redefine's R1bn super regional Matlosana Mall in Klerksdorp will open its doors in October and is expected to serve as a development catalyst for the surrounding area. 

Matlosana Mall

JSE-listed Redefine, SA's second-largest property group, is on schedule to open the 65,000m² mall on October 23, bringing a broader variety to shoppers in Klerksdorp and its surrounds in a modern shopping centre.

Redefine Properties owns Matlosana Mall, and Abacus Asset Management is the development and leasing manager. The mall's retail mix of 145 stores is led by anchor retailers Checkers, Pick n Pay, Woolworths, Edgars and Foschini. It has fashion, lifestyle and sports retailers, as well as entertainment and restaurants. The centre is about 90% let, and the remaining leases are under negotiation.

Redefine's investment is driving the growth of a vibrant new node, with residential development, convenience and value shopping planned for the area adjacent to the mall. Redefine's development director, Mike Ruttell, says Matlosana Mall is conveniently placed at the eastern entrance to the town, and is strategically positioned as the catalyst of Klerksdorp's N12 development corridor.

As part of the development, Redefine is constructing two access points from the N12 and an extra, third lane for the highway adjacent to the mall's boundary. "These access points and roadworks have always formed part of the mall's viability," Mr Ruttell says. "After some initial delays, all approvals were put into place by working closely with Sanral (the South African National Roads Agency), the city and adjacent infrastructure developer Isago."

The two Matlosana Mall highway access points are due for completion shortly before the mall opens. The easy access to the mall also makes it convenient for shoppers from surrounding towns, especially those in the growth node that stretches between Klerksdorp and Stilfontein.

"In addition to making it easy for this community to go shopping the infrastructure being created for the mall will make it easier for residents to get where they want to go," says Mr Ruttell. "We believe the development of Matlosana Mall will have farreaching positive consequences for the community." The mall's design also incorporates best-practice green building principles, which are being implemented as far as possible.

This includes the use of energyefficient lighting. Matlosana Mall will create about 2,000 temporary jobs during the 19 months of construction, and then 1,500 permanent jobs when the mall opens. "We're looking forward to Matlosana Mall's grand opening in October," Mr Ruttell says.

"The mall is tailor-made for its growing community, with an excellent location, contemporary design, great retailers and ample parking. Together, these create a new and exciting shopping experience," he says. The infrastructure being created for the mall will make it easier for residents to get where they want to go

Last modified on Monday, 05 October 2015 08:24

Most Popular

The next wave of property development in Africa is coming

Jul 31, 2019
The past decade has seen South African property developers and investors forge their way…

SA focused REIT Dipula makes bid merge with SA corporate real estate

Jul 31, 2019
Dipula Income Fund, a diversified, South-African focused and Black-managed REIT, today…

Vukile’s Spanish assets top €1bn, and it gets a credit ratings upgrade

Aug 02, 2019
Vukile Property Fund today announced that its listed Spanish subsidiary, Castellana…

Growthpoint Investec African Properties steps up its acquisition trail in Africa

Aug 06, 2019
Growthpoint Investec African Properties (GIAP), the pan-African real estate investment…

Credit and mortgage balances in the first half of 2019

Jul 31, 2019
Jacques Du Toit Absa Home Loans
Credit and mortgage balances in the first half of 2019, with divergent home loan…

Please publish modules in offcanvas position.