Big new shopping malls coming to Joburg, Pretoria and Cape Town
Property developer Abland has several new projects in the pipeline, with two big shopping malls planned for the fourth quarter of 2024.
Despite the construction and development sector suffering along with the rest of South Africa’s businesses, there are still new projects in the pipeline, with some already under construction.
The group is currently busy with the 10,000 sqm Eyethu Shopping Centre in Soweto, which is expected to open in the fourth quarter of 2023.
The development will comprise of approximately 10,000 sqm of retail anchored by Shoprite, Clicks Pharmacy and OBC Chicken which will be supplemented by a mix of national fashion retailers with several food offerings and a Chicken Licken Fly-Thru.
The development is expected to start trading on 26 October 2023.
Sticking to Gauteng, Abland has an even bigger development in store for Soshanguve with the Mopane View Retail Mall, which is currently in the planning stages.
The 24,000 sqm mall is anticipated to be an anchor to the Mopane Precinct north of Pretoria, situated on a busy intersection corner of the M35 and M39 in Soshanguve.
Other mall projects
Abland has listed several other retail projects in the works, ranging from 8,000 sqm convenience retail outlets in Fourways to a 35,000 sqm shopping centre in Durbanville, Cape Town.
The Groot Phesantekraal Shopping Centre in Durbanville will be set on one of the region’s oldest farms, just North East of Durbanville, on the corner of Okavango Road and the R312, Klipheuwel Road.
The mall has a proposed trading date within the third quarter of 2024.
What’s notable about the new retail developments in the pipeline is that they are increasingly being focused on more remote areas outside of cluttered urban centres.
2022 saw a massive boom in rural retail hit South Africa, with several smaller-scale shopping malls (around 10,000 sqm) opening at the same time in rural areas.
These retail projects are also not slowing down despite the crippled economy, with developers still moving ahead with projects and keeping new ones in the pipeline for the years to come.
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