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'American-style' mall to serve Thohoyandou

10 Jun 2015

A consortium called Thavhani Property Investments is set to build a mall worth R950m in Limpopo, bringing a large retail centre to Thohoyandou, until now an undersupplied town.

'American-style' mall to serve Thohoyandou

A number of malls and community centres are being built in towns in SA that have lacked retail centres in the past, including Sedibeng, where the Vaal River City development was announced earlier this year.

Thohoyandou is part of the Thulamela Municipality.

Yesterday, Thavhani Property Investments and the Thulamela Municipality jointly announced the transfer of land on which the new 50,000m² Thavhani Mall would be developed.

The 27ha site on prime land was purchased from the municipality by the developers. Thavhani said the mall would form part of a new commercial property development node in the bustling Limpopo town.

Thulamela mayor Grace Mahosi said the mall would be the first part of a plan to grow the town into a city by 2030.

"Essentially, we want to improve the civil services in our municipality and also to develop businesses here. Thavhani Mall will be a strong part of rejuvenating the town," she said.

Flanagan & Gerard Property Investments's executive director Patrick Flanagan is a major shareholder in Thavhani. He formed the consortium with Limpopo-based businessman Khosi Ramovha to bring international retail experience to the province.

"Thavhani Mall will be a top-notch regional shopping centre. With more than 106 retail stores, restaurants and service outlets, the people of Thulamela will be delighted to have access to a modern shopping mall on their doorstep," Flanagan said.

Ramovha of Thavhani Property Investments, who first had the vision for the mall six years ago, said shoppers in the Thulamela municipality no longer liked side-street shopping. They wanted an American-style shopping mall.

"I'm looking forward to seeing the mall rise from the ground as a key economic development that will anchor a bigger commercial nodal development. It will boost the local economy and create much-needed jobs."

The Thavhani Mall development will take up about 12ha of the 27ha site, which is in a prime location at an intersection of the R524 road to Louis Trichardt.

The mall will be supplemented by drive-through restaurants, motor dealerships and an office park.

Thavhani Mall is scheduled to open its doors in 2017.

Source: Business Day via I-Net Bridge

Source: I-Net Bridge

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