Fourways Mall welcomes strategic renewal with Flanagan & Gerard and Moolman Group, as new Asset and Property Managers.

Following the recent appointment of Flanagan & Gerard as the strategic Asset Managers for Fourways Mall by the Fourways Mall co-owners, accompanied by the oversight of Property Management by the Moolman Group, the newly assembled management team is please to reveal its targeted focus areas for the next six months.

Some developers are shifting their focus to small and convenience shopping centres.

Checkers is the latest leading retailer to confirm it will open in Ballito Junction as part of the centre’s major redevelopment and expansion that will see the mall growing to eight times its current size.

South Africans’ desire for new shopping centres is being insatiable as another mall enters the fray.

While developers are quick to build new shopping centres, some property experts are concerned that the domestic market may be oversaturated.

Leading Gauteng-based retail property developers and investors, Flanagan & Gerard Property Development & Investment, today announced that co-founders Patrick Flanagan and Peter Gerard will jointly chair the group.

The R1.4 billion new 65,000m2 Ballito Junction Regional Mall is already more than 80% full, with more than a year-and-a-half before it is due to open in March 2017.

Vukile Property Fund has secured a 33% R350 million stake in the 50,000sqm Thavhani Mall at Thavhani City in Thohoyandou, Limpopo, after signing a deal with the developers of the new regional shopping centre, Thavhani Property Investments (Pty) Limited. The acquisition will extend Vukile’s retail exposure.

A sod-turning ceremony marked the official start of construction on the new R1 billion Thavhani Mall at Thavhani City in the bustling Limpopo town of Thohoyandou on Friday, 31 July 2015.