{"id":848007,"date":"2026-01-15T18:17:11","date_gmt":"2026-01-15T16:17:11","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=848007"},"modified":"2026-01-15T18:17:11","modified_gmt":"2026-01-15T16:17:11","slug":"township-shopping-mall-to-be-sold-for-r177-million-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/848007\/township-shopping-mall-to-be-sold-for-r177-million-in-south-africa\/","title":{"rendered":"Township shopping mall to be sold for R177 million in South Africa"},"content":{"rendered":"\n

A township shopping mall in Gauteng is set to change hands in a R177 million deal after receiving the green light from South Africa\u2019s Competition Commission.<\/p>\n\n\n\n

Exemplar REITail Limited has acquired 100% of Vosloorus Crossing, a well-established retail centre in Vosloorus, east of Johannesburg, along with an associated solar energy operation that supplies power to the mall.<\/p>\n\n\n\n

Vosloorus Crossing has a gross lettable area of just over 10,300 square metres and plays a key retail role in the surrounding community.<\/p>\n\n\n\n

The centre hosts a strong mix of essential-service tenants, including Spar and Tops at Spar, Burger King, OBC Butchery, Builders Warehouse, and four major banks.<\/p>\n\n\n\n

Exemplar noted that this tenant profile reflects its strategy of focusing on convenience-driven retail hubs in underserved townships and peri-urban areas.<\/p>\n\n\n\n

The Competition Commission approved the transaction without any conditions, concluding that it is unlikely to substantially lessen or prevent competition in any relevant market.<\/p>\n\n\n\n

In its assessment, the Commission noted that both the acquiring group and the target property operate in the provision of rentable retail property in Gauteng.<\/p>\n\n\n\n

However, it found no significant competition or public interest concerns arising from the deal. <\/p>\n\n\n\n

The solar enterprise linked to the mall, which supplies photovoltaic electricity to the property, was also included in the approval.<\/p>\n\n\n\n

Exemplar REITail is a specialised real estate investment trust that owns, manages, and develops retail property in township and rural areas across South Africa.<\/p>\n\n\n\n

Its existing portfolio comprises 29 income-generating properties spread across Gauteng, Mpumalanga, Limpopo, the Eastern Cape, KwaZulu-Natal, and the Western Cape.<\/p>\n\n\n\n

These assets collectively offer nearly 439,000 square metres of gross lettable area, with a further 242,000 square metres under management.<\/p>\n\n\n\n

Across its portfolio, Exemplar manages more than 2,000 stores, positioning it as a major player in the township retail property space.<\/p>\n\n\n\n

The acquisition of Vosloorus Crossing comes as Exemplar continues to expand and invest in new developments.<\/p>\n\n\n\n

Major township developments coming <\/h2>\n\n\n
\n
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Ntuzuma Mall concept <\/em><\/figcaption><\/figure><\/div>\n\n\n

One of its largest upcoming projects is Ntuzuma Mall in KwaZulu-Natal, where the group owns a 70% stake.<\/p>\n\n\n\n

The centre is expected to have a gross lettable area of approximately 19,000 square metres and will be anchored by Boxer and Shoprite.<\/p>\n\n\n\n

Additional tenants include Clicks, Foschini, KFC, McDonald\u2019s, Pep, and three banks. The development is estimated to cost R390 million and is scheduled to open at the end of March 2027.<\/p>\n\n\n\n

Exemplar is also investing heavily in Gauteng through the redevelopment of Tonk Meter Crossing in Selcourt, Springs.<\/p>\n\n\n\n

The company has acquired a 50% undivided share in the centre for around R67 million and will fund a redevelopment costing an estimated R127 million.<\/p>\n\n\n\n

Once complete, the centre will be renamed iTonka Square, with its gross lettable area expanding from just under 8,000 square metres to more than 21,000 square metres.<\/p>\n\n\n\n

It will be double-anchored by Boxer and Shoprite, feature five banks, and host national retailers such as Ackermans, Clicks, Truworths, Markham, and KFC.<\/p>\n\n\n\n

The upgraded centre is expected to be fully operational by October 2026, trading partially during construction.<\/p>\n","protected":false},"excerpt":{"rendered":"

A township shopping mall in Gauteng is set to change hands in a R177 million deal after receiving the green light from South Africa\u2019s Competition Commission.<\/p>\n","protected":false},"author":92,"featured_media":848008,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[18715,24525,20681,24526,24524],"class_list":["post-848007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-exemplar","tag-ntuzuma-mall","tag-the-competition-commission","tag-tonk-meter-crossing","tag-vosloorus-crossing"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/848007","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\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=848007"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/848007\/revisions"}],"predecessor-version":[{"id":848010,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/848007\/revisions\/848010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/848008"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=848007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=848007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=848007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}