Commercial Property News South Africa

Lephalale Mall scheduled to open in time for festive shopping

The first stage of the Lephalale Mall, located on 12 hectares in Onverwacht, Lephalale, is scheduled to open at the end of November 2012. The 15800m² shopping centre is anchored by a 4200m² Game and 4100m² Checkers.

The R170 million mall offers a range of retail choices for shoppers including Spitz, Rage, Truworths, Edgars Active, Mr Price Sport, Identity, Studio 88, Pep and Jet, Mr Price Home, Clicks and cellular services.

The demand for banking facilities is being addressed with a fully-fledged Standard Bank branch, Capitec and Nedbank business unit. Food options include restaurants Wimpy and Spur, or fast food favourites such as McDonald's, Fish & Chip co and King Pie.

"Demand from national tenants has been so strong that not all interested tenants could be accommodated in the first phase," says Jannie Moolman of the Moolman Group. "Phase Two is intended to bring the total size of the mall to 32000m², with leasing for Phase Two currently in progress."

It could eventually expand to 42000m², he adds, given the immense development potential in the area.

The mall is positioned between Nelson Mandela and Chris Hani Drives, the major east-west arterials that link Onverwacht to Ellisras, the nearby coalfields and power stations to the west and the local airfield.

"The site draws from a trade area characterized by well-educated, high-LSM shoppers with a high level of employment," adding that the mall will attract shoppers from Botswana, just 70km away.

Representing an investment that will boost the local economy, Lephalale Mall is a joint venture between Moolman Group and Uniqon.

"We see the opening of the mall bringing sustainable economic growth and a host of new employment opportunities in the area," concludes Moolman.

Let's do Biz