Other tenants set to open at the mall include Nedbank, ABSA, FNB, Viva Bingo, Catbox Hyper and Waltons. Restaurants including Spur, John Dory, Panarotti’s, Wimpy and Mugg & Bean will be offering shoppers a good variety of delicious menus.
Embracing its unique location, Newmarket Mall will also feature a large horse-themed kids play area located near the entrance, to keep the little ones entertained.
Newmarket’s strong tenant mix is set to cater for the needs of the greater Alberton area, which includes Meyerton, Vosloorus and Katlehong.
Du Preez explains, “Market research for the project shows that Alberton, which consists of a large residential market of almost 200 000 households, is more than ready to receive the new shopping centre.”
With more than 40 000 houses being home to families in the upper income levels, Alberton is also the only city in Gauteng where no major decentralised shopping facilities currently exist. The proposed Newmarket Mall will fill this gap and offer a rich shopping alternative for the households in its primary trade area.
“The market is already well established and growing. As far as major growth prospects are concerned, we see Alberton becoming the dominant city in the south of the R59 corridor development. All this will have a positive impact on the growth prospects for our new centre,” says du Preez.
NewMarket Mall is being developed by Moolman Group in joint venture Linton Projects and Rejem Property Development, with Nedbank as finance partner. Linton Projects and Rejem Property Development jointly own 56% of the undivided shares in the project, while Style Star – a subsidiary of the Moolman Group - owns the remaining 44%. Moolman Group is a highly respected property investment enterprise that owns and manages property portfolios across southern Africa, and provides a comprehensive and professional approach to property development.
