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Location:
Middelburg Mall is located in just off the N4 highway on the corner of Fontein Street and Tswelopele Avenue adjacent to the Aerorand township of Middelburg, measuring approximately 21.6861ha.
Macro Concept:
Regional shopping centre servicing latent retail demand for the area. The initial shopping centre will be in the order of 34,000m² with the ability to expand in excess of 60,000m²
together with ample parking for car
Accessibility:
Middelburg Mall is accessed from the N4 via the Fontein Street offramp, and can also be accessed via Tswelopele Avenue.
Trade Area:
The primary trade area encompasses the southern suburbs of Middelburg and Aerorand, although the size of the centre will create pulling power from a much larger area which includes other Middelburg townships including Rietkuil, Doornkop, Kwa-Makalane, Thokoza Village, Rockdale, Naledi, Lesedi, Presidentsrus and Kranspoort. Middelburg Mall will also
capture customers from the Belfast, Dullstroom, Groblersdal and surrounding rural areas.
Growth in Area:
The development is located within an area which is growing, including additional household demand and disposable income into the primary trade area. More than 6,000 plans were
approved by the Steve Tshwete local municipality over the last five years.
Customers:
The centre is located in an area characterized by high income households in the LSM categories 6 to 10+, reflecting a sophisticated middle to higher income consumer market with a demand for high quality and upper retail products and services
Developers:
Flanagan & Gerard
Moolman Group
Investors:
Flanagan & Gerard
Moolman Group
Brandmuller Trust
Solly Latif Family Investment Holdings
Mobe Investments
Anchors:
Tenants including two food anchors, a fashion anchor, a
variety anchor as well as 4 of the fashion chains, homeware,
services and coffee shops.
Timing:
To commence earthworks and construction in the third
quarter of 2010, to complete in March 2012.
Leasing:
Information regarding the availability of space in the
development and a formal leasing launch will made available
soon.
Please note: This document is for information purposed only, and does not constitute an offer |