THE 40000m² Highveld Mall in Witbank, due to open in April, has received more firm offers than there is space available.
There have been more than 1000 requests from retailers hoping to obtain space in the mall.
The shopping centre is being developed by a consortium comprising Flanagan & Gerard Property Development Investment and black-owned and managed Falcon Forest Trading.
“With 95% of the stores already let, it is confirmation that Highveld Mall has been borne out of enormous retailer and consumer demand,” says Paul Gerard of Flanagan & Gerard.
The mall is adjacent to the Ridge Casino and entertainment centre and consists of about 120 stores, with 80% of its tenants national retailers.
Anchor tenants are Woolworths, Pick ’n Pay and Edgars. Parking is being provided for 2400 cars.
Forty stores have been set aside for the local community.
Ownership of 10% in the Highveld Mall has been made available to the local community, with arrangements being finalised. The other co-owners include listed property loan stock firm Resilient Property Income Fund, a subsidiary of Flanagan & Gerard, and a subsidiary of Falcon Forest Trading.
