New R600 million regional shopping centre for secondary market

Posted On Tuesday, 15 December 2009 02:00 Published by
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Lephalale (formerly Ellisras) in Limpopo is set to experience all the benefits of a landmark new R600 million regional shopping centre which is scheduled to open in September 2011

Representing a vast investment which will boost to the local economy, the shopping centre is to be built by Silverleaf Developers (Pty) Limited, a joint venture of three of South Africa’s pre-eminent property developers: Limpopo-based company Moolman Group (40%), Uniqon Wonings (Pty) Ltd (40%) and Flanagan & Gerard Property Development and Investment (20%).

Moolman Group and Flanagan & Gerard are no strangers to the opportunities that the province offers as they are also partners in the Mall of North development in Polokwane, Limpopo.

The shopping centre will be developed on a 12 hectare site in Onverwacht in the Greater Lephalale area, adjacent to and seamlessly linked with the existing town centre of Onverwacht. In terms of the Lephalale Integrated Development Plan, it forms part of the town centre itself.

The development includes substantial 42,000sqm shopping centre, of which the R400 million first phase will comprise between 32,000sqm and 35,000sqm – set to be the foremost shopping destination in the area which will retain its relevance as the market grows.

In a linked project, developers also plan to build some 17,000sqm office park on the 2.8 hectare site adjacent to the shopping centre, to serve businesses in the area.

The shopping centre will be the definitive retail centre serving Lephalale and its surrounds with its central location, easy access, generous parking and unprecedented shopping variety all under a single roof. Leasing of the centre is already underway and the development has already met with excellent national and local tenant support.

“Lephalale is at the centre of a very exciting area that has shown tremendous growth which is geared to continue. Retail is an important part of any community and, as Lephalale’s economy evolves, it is important to have retail which serves its needs, and benefits the community on multiple levels,” says Jannie Moolman of Moolman Group.

Lephalale is the biggest municipality in the Limpopo Province, with a geographical size of some 19,605 square kilometres. This prosperous town serves as both a regional centre and a gateway to Botswana.

Underpinning the area’s economic growth are a diversity of industries, substantial projects and Lephalale’s proximity to Botswana, with the town being only some 70km from the nearest border post to this coal-rich neighbour.

The new R170 billion Eskom Madupe Power Station, widespread agriculture and game farming, eco-tourism, the massive coal fields which enjoy investment from South Africa’s major mining companies and the Mabula Coal Project in Botswana are all contributing to elevate Lephalale’s status on South Africa’s economic map.

“We are confident that the investment in this exciting new shopping centre will also make a strong positive contribution to the area’s prosperity by both serving and furthering the economy of Lephalale,” says Henry Bendeman of Uniqon Wonings.

The Lephalale area will benefit from increased job creation with the developers committed to working with local contractors in as many instances as possible, plus an estimated 1,000 permanent jobs are expected to be created on completion of the projects.

“This investment represents sustainable economic growth and the generation of new employment. It is also positioned to create thriving new markets for Lephalale,” notes Patrick Flanagan of Flanagan & Gerard.

In addition to giving local residents access to a new experience with the shops and products they want in a single convenient location, the new shopping centre will also assist in keeping local spend in Lephalale. At the same time it will attract shoppers from across the regional and as far afield as Botswana.

In fact, the centre’s location firmly establishes it as a central, social community point for the town of Lephalale and its neighbours. The shopping centre is located between Thabo Mbeki and Nelson Mandela Drives, the two major east west arterial roads that link Ellisras, Onverwacht, the coal fields and power stations to the west and even the town’s airfield with a tarred runway 2,200 metres.

Construction on the Lephalale Shopping Centre is expected to begin construction in mid-2010.

Publisher: eProp
Source: F&G

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