Centurion Mall, Redefine’s largest asset after comprehensive refurbishment

Posted On Thursday, 25 July 2019 18:05 Published by
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The JSE-listed diversified real estate investment trust Redefine Properties today announced the completion of the comprehensive R1.06 billion refurbishment of its retail property in Centurion CBD.

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The Centurion Mall’s footprint now sits at a gross lettable area (GLA) of 130 000 sqm making it Redefine’s biggest retail property in its portfolio.

The total number of tenants at the mall is 216 anchored by Woolworths, Pick n Pay, Game, Dis-Chem and Checkers among fashion and home goods retailers. The super-regional mall is also lending its name to the office building formerly Lakeside Building A, which underwent renovations to the lobby and common areas.

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A new open air design concept, comfortable interiors, additional retailers and revamped movie theatres are among the many changes’ customers will experience at the refurbished Centurion Mall. The food and entertainment retailers, who occupy almost 10% of the mall’s total sales area will provide varied options besides shopping, making the mall a special attraction beyond usual shopping hours.

The redevelopment spread over three phases saw the upgrading of the Checkers mall, which includes a Blue Label Checkers of 7 300 sqm in the final phase with a new H&M anchor store created at the Checkers entrance. The closure of Gordon Hood Road alongside the new entrance will add more parking in the future.

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The lower ground floor mall area nearest to the lake has been redesigned to incorporate a new food court anchored by established restaurants like O’Galitos, Spur, Ocean Basket and Mochachos with Fortune Dragon opening in September. The ground floor features a new Mugg & Bean and a new model Exclusive Books. 

“People want malls to be more than just convenience. It’s not just about shopping, people by nature are social and consumer habits are changing resulting in a need to integrate their lives with a modern lifestyle. Similarly, people demand differentiation. Centurion Mall’s refurbishment was guided by these strategic insights which also informed our decision around the tenant mix,” says Nashil Chotoki, National Asset Manager, Retail, Redefine Properties.

“Moreover, when you bring additional food and entertainment, shoppers want to spend more time at the mall and when they reward you with their time, it is only prudent that we give them a unique experience.”  

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The enhancements include upgrades to the walk ways which allow shoppers to access their favourite brands with ease with plans in place to add more plants and a shade structure for more comfort. A children’s play area, a sculpture park and the Planet Fitness gym rounds off the varied offerings.

Centurion has quickly established itself as a prominent node and today ranks as one of the fastest growing urban areas in South Africa. Many of the country’s large blue chip corporates have presence in the node with residential property developments having mushroomed, expanding the city limits.

Residents and office goers have the convenience of easy access to the N1, N14 and R21, OR Tambo International Airport as well as the Lanseria Airport. Furthermore, Centurion benefits from the Gautrain station stop making commuting relatively easy.

The Centurion Mall Offices are situated within close walking distance of the Gautrain Centurion station, just off Gordon Hood Road, and easily accessible from both the N1 and N14 highways, using either John Vorster or Botha off-ramps. A bridge connecting the Centurion Mall and the Gautrain station is also under consideration.

“We see a significant upside to adding the office component  and believe the newly-renovated premises will offer the absolute best location for corporates to experience the tremendous growth of the node as well as the rich amenities offered by the Centurion Mall,” says Chotoki.

Earlier this month, Redefine and the City of Tshwane announced the start of the construction of the multi-million rand state-of-the-art taxi rank in the shadows of Centurion Mall.

The taxi rank, funded by Redefine as part of its contribution to upgrading the mall’s immediate surrounds, will cover an area of approximately 10 000 sqm accommodating ranking facilities for 55 taxis as well as a holding area for an additional 100 taxis. The rank will be jointly operated by the Centurion Taxi Association and managed by City of Tshwane, Centurion Mall and the association.

“Centurion Mall has established itself as a leading shopping and leisure destination with approximately 14.4 million visitors annually. The catchment area has an above-average purchasing power, including Pretoria which according to a report from the Brookings Metropolitan Policy Program is the fastest growing South African metro economy,” says Chotoki in conclusion.

“Customers will find both, a good shopping experience and entertainment, thanks to the ideal and high quality tenant mix and the location’s easy accessibility. Furthermore, this refurbishment afforded us the luxury of opening up the space. The open air design now allows us to connect our shoppers to the natural green spaces around them.”

Redefine will also look to create and manage a park like area adjacent to the lake.

Last modified on Thursday, 25 July 2019 18:36

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