The mall will be conveniently placed at the eastern entrance to the town, and will cater for neighbouring nodes as well. With easy access from surrounding towns, it is strategically positioned as the catalyst of the N12 development corridor. This growth node stretches between Klerksdorp and Stilfontein and is earmarked as a vital economic growth area in the region.
Matlosana Mall's value on completion is estimated at R1.1-billion.
The mall will comprise three major food anchors as well as fashion, lifestyle, entertainment, sport and restaurant offerings, with space to accommodate 145 stores in total.
Heavy-weight retailers already signed up for Matlosana Mall include Woolworths, Pick n Pay, Checkers, Edgars and Foschini.
Award-winning Abacus Asset Management - developers of Cape Town's CapeGate regional shopping precinct, Waterstone Village in Somerset West and Eikestad Mall in Stellenbosch - are managing the development. Abacus is also leasing Matlosana Mall.
Besides being a retail asset for its community, Matlosana Mall will create some 2,000 temporary jobs during the 19 months of construction, and then 1,500 permanent jobs when the mall opens.
"Community involvement in the mall is an essential part of this development and we're making sure it receives commensurate attention," notes Mike Ruttell, head of development for Redefine Properties. "We want to make sure that Matlosana Mall has a positive impact for its community, right from the start."
