{"id":850718,"date":"2026-02-12T11:12:01","date_gmt":"2026-02-12T09:12:01","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=850718"},"modified":"2026-02-12T11:22:24","modified_gmt":"2026-02-12T09:22:24","slug":"major-30000-square-metre-township-shopping-mall-in-south-africa-being-sold","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/850718\/major-30000-square-metre-township-shopping-mall-in-south-africa-being-sold\/","title":{"rendered":"Major 30,000 square metre township shopping mall in South Africa being sold"},"content":{"rendered":"\n

The Competition Commission has recommended that the Competition Tribunal approve the acquisition of various retail properties by Real Estate Investment Trust (REIT), Exemplar, including a major rural mall.<\/p>\n\n\n\n

The properties are part of the Goldbroz Investments group, which is controlled by the Middelbro Property Company.<\/p>\n\n\n\n

The company controls various properties; however, the Steelpoort Shopping Centre, which has a GLA of 30,000 square metres, is relevant to the transaction. <\/p>\n\n\n\n

The shopping mall is part of the Steelpoort town redevelopment, which was a rejuvenation project launched to build up the mining town of Steelpoort in the Sekhukhune District Municipality in Limpopo.<\/p>\n\n\n\n

The Steelpoort Shopping Centre is located at the corner of the R555 and Lebidike Road, in Steelpoort.<\/p>\n\n\n\n

The Steelpoort region has some of the richest platinum and chrome reserves in the world, and experienced a boost in investment and development with the opening of the De Hoop dam in 2014.<\/p>\n\n\n\n

It has been undergoing a multi-year rejuvenation, with the opening of various retail, office, and industrial spaces, including the Steelpoort Shopping Centre.<\/p>\n\n\n\n

If approved by the tribunal, the mall and other properties under Goldbroz Investments will move to Exemplar. <\/p>\n\n\n\n

For purposes of the proposed transaction, the relevant properties comprise five community shopping centres owned by the acquiring group and situated in Limpopo.<\/p>\n\n\n\n

Examplar’s largest shareholder is the McCormick Property Development group, which has opened several rural retail centres over the past few years.<\/p>\n\n\n\n

The group is a focused fund specialising in owning, internally managing and growing properties, specifically shopping malls in underserved, peri-urban townships and rural areas in South Africa. <\/p>\n\n\n\n

The commission said it is of the view that the proposed transaction is unlikely to substantially lessen or prevent competition in any relevant market. <\/p>\n\n\n\n

The proposed transaction does not raise significant public interest concerns, it said.<\/p>\n\n\n\n

Steelpoort Shopping Centre<\/h2>\n\n\n\n
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The Competition Commission has recommended that the Competition Tribunal approve the acquisition of various retail properties by Exemplar, including a major rural mall.<\/p>\n","protected":false},"author":10,"featured_media":850724,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[18715,17609],"class_list":["post-850718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-exemplar","tag-mccormick-property"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/850718","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=850718"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/850718\/revisions"}],"predecessor-version":[{"id":850764,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/850718\/revisions\/850764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/850724"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=850718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=850718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=850718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}