A new exco has also been appointed as part of the group’s succession planning to take it into the future.
Flanagan & Gerard was established in 2001 and over the years has been involved in the development of several dominant regional shopping centres and high-end niche community centres across South Africa.
Noted retail developments under its belt include Vaal Mall, Mall of the North, Middelburg Mall, Highveld Mall, Heidelberg Mall, Eyethu Orange Farm Mall, Morningside Shopping Centre and Nicolway, amongst others.
Flanagan and Gerard’s roles changes from that of executive directors to jointly chairing the group. In this new joint position, they will oversee the strategic growth of the group, while day-to-day operational management will be driven by a young exco led by Managing Director, Paul Gerard.
As part of the new company structure, Flanagan & Gerard’s other exco members include Chris Teague, group leasing director; Karyn Southgate, group financial director; Elsje Bodenstein, group development director; and John Rowberry, group special projects director.
“This is a significant milestone for us. The group has grown into a major retail developer and investor over the last 15 years. This move represents an evolution of the company and is part our strategic succession planning. We are excited to announce our new generation exco, who are primed to take the group into the future,” Flanagan says.
Gerard comments: “Patrick and I have played our part in establishing and shaping Flanagan & Gerard into the noted industry player it is today. We will still have strategic oversight in our new role as joint chairpersons, but will be taking a step back from day-to-day management, thus making way for our dynamic, young and driven exco to manage the group.”
Flanagan & Gerard is currently involved in major new regional shopping centre developments that include Springs Mall at Blue Crane Eco Park in Gauteng; Thavhani Mall at Thavhani City in Limpopo; and Ballito Junction Regional Mall in KwaZulu-Natal. In addition, the company is undertaking an expansion of Vaal Mall. All these developments are being undertaken with joint-venture partners.
In all projects that it undertakes, Flanagan & Gerard is responsible for all aspects of the shopping centre development process. With its new exco structure, together with the strategic leadership of its founders, Flanagan & Gerard has positioned itself for continued growth into the future.
