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.

Friday, 19 February 2016 10:40

Co-founders to chair Flanagan & Gerard

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.

Thavhani Property Investments and the Thulamela Municipality are pleased to announce the transfer of the land on which the new 50,000m2 Thavhani Mall will be developed.

The much anticipated opening of the R600 million Heidelberg Mall is on schedule for next month, with top-notch shopping and entertainment set to launch to shoppers, all under one stylish roof.

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