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Successful Alexandra shopping centre expands
In response to demand from both retailers and shoppers, the successful Pan Africa Shopping Centre in Alexandra will expand the centre by 2 500 square metres. The expansion begins this month and is scheduled for completion in April 2012.
The centre is part of the Presidential Alexandra Renewal Project and is owned by Pan Africa DevCo, a development company established by Tebfin Developments, in partnership with local entrepreneurs and the two main Alexander taxi associations, ATA and ARMSTA. Tebogo Mogashoa of Tebfin believes that centre's location in a natural transport and retail node situated on the historic site formerly known as Pan Africa, has been a major draw card for retailers.
"National retailers are taking note of the centre's success, especially as a springboard into the township market," explains Gavin Tagg of specialist retail leasing company, Retail Network Services. "Retailers have seen that pedestrian and taxi traffic in the area continues to increase, as does retail turnovers for tenants."
Pedestrian and vehicle counts show that more than 10 000 people use the area daily, along with some 1500 taxis.
The expansion will bring new retailers - including nationals Mr Price, Truworths and Clicks - into the mall, to join the other 60 stores already trading.
