{"id":827165,"date":"2025-06-06T14:30:00","date_gmt":"2025-06-06T12:30:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=827165"},"modified":"2025-06-06T14:34:11","modified_gmt":"2025-06-06T12:34:11","slug":"massive-new-shopping-mall-for-south-africa-in-r5-billion-government-development","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/827165\/massive-new-shopping-mall-for-south-africa-in-r5-billion-government-development\/","title":{"rendered":"Huge new shopping mall coming to South Africa in R5 billion government development"},"content":{"rendered":"\n

Construction has started on the Leratong Mixed-Use Development in Gauteng, which will include thousands of housing units and a massive shopping centre.<\/p>\n\n\n\n

The new development was launched by Gauteng Premier Panyaza Lesufi, MEC for Human Settlement Tasneem Motara and Mogale City Mayor Lucky Sele.<\/p>\n\n\n\n

The new R5 billion public-private partnership forms a public-private partnership between Mogale City and Trendville Investments.<\/p>\n\n\n\n

The new development has been conceptualised and driven by Mogale City and Trendville Investments to redress historic spatial inequalities and unlock opportunities in Kagiso and Mogale City.<\/p>\n\n\n\n

Trendville Investments shares directors with McCormick Property Development, one of the country’s largest retail developers, specialising in underserviced and underdevelopment areas.<\/p>\n\n\n\n

The group has opened several malls over the last few months, and only launched Leeuwfontein Crossing<\/a> last week. <\/p>\n\n\n\n

The new development will be strategically located around the Leratong Hospital and Randfontein Road corridor.<\/p>\n\n\n\n

It will deliver over 15,000 mixed-income housing units and a 35,000 sqm shopping centre, which are set to open in November 2026.<\/p>\n\n\n\n

The new development will also result in upgraded infrastructure, improved public amenities and a new localised economy for the local community.<\/p>\n\n\n\n

Mayor Sele said that the new project is a direct outcome of Mogale City’s spatial vision, which is rooted in equity, redress and inclusive growth. The provincial government is providing support to the municipality.<\/p>\n\n\n\n

\u201cThis is more than a development. It is reclaiming our people’s space, dignity and opportunity,” said Sele.<\/p>\n\n\n\n

“As the Urban City Centre, Mogale City, we remain committed to building liveable communities where our residents can live, work and thrive \u2014 close to transport, healthcare, jobs and each other.\u201d<\/p>\n\n\n\n

On top of the infrastructure delivery, the project is expected to create thousands of permanent and construction job opportunities, stimulate SMME development and catalyse local procurement.<\/p>\n\n\n\n

The project is expected to create 2,500 construction jobs and 750 jobs during its operational phase.<\/p>\n\n\n\n

The project’s Internal Rate of Return (IRR) is estimated to be 12%, which is essentially the expected annual compound return on an investment.<\/p>\n\n\n\n

While the project will cost an estiamted R5 billion, R150 million has already been invested before the sod was even turned.<\/p>\n\n\n\n

Gauteng’s Lesufi and Motara commended Mogale City’s leadership for its proactive planning, community-centred approach and firm commitment to the development of local government.<\/p>\n\n\n\n

\u201cThe Leratong Node is not just a project. It is the beginning of a new Urban City Centre,” said Sele.<\/p>\n\n\n\n

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Leratong City Mall concept art<\/h2>\n\n\n\n
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Sod-turning ceremony<\/h2>\n\n\n
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The Sod Turning Ceremony of the Leratong Mixed-Use Development<\/figcaption><\/figure><\/div>\n\n
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Gauteng Premier Panyaza Lesufi <\/figcaption><\/figure><\/div>\n\n\n
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Mogale City, in partnership with Trendville Investments and the Gauteng Government, is building a major new retail centre to anchor a R5 billion mixed-use development.<\/p>\n","protected":false},"author":95,"featured_media":827167,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[22320],"class_list":["post-827165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-mogale-city"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/827165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=827165"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/827165\/revisions"}],"predecessor-version":[{"id":827219,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/827165\/revisions\/827219"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/827167"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=827165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=827165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=827165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}