South African property development giant, Eris Property Group has announced that a R500 million regional shopping mall is to be developed on the N6 Cathcart Road opposite the rapidly emerging area of Komani Park in Queenstown, an economic hub in the Eastern Cape. Shareholders in Eris include Rand Merchant Bank, Royal Bafokeng Holdings and the Tiso Group who have recently announced their merger with Kagiso Holdings.

Phase 1 of the centre, to be known as “Q Mall” will extend to 33 000sqm and offer over 100 shops, including the latest style Checkers supermarket, while a brand new Edgars and Jet store will anchor the fashion offering. CTM will open with a new facility on the site bringing the world of DIY to the mix. Phase 2 will offer a further 8 000sqm of additional retail and entertainment facilities in future.

Rob Terry, development manager of the project, says that the site’s location between the venerable but overcrowded CBD and the major township of Ezebeleni means that it is ideally situated for all of Queenstown’s shoppers. Its frontage onto the newly upgraded N6 arterial route allows easy access for those using Queenstown as a base from surrounding areas and towns such as Cathcart, Dordrecht and numerous others. “No longer will people have to drive for two hours to East London for their major shopping. It will all be right here on their doorstep.”

The developers are busy finalising their arrangements with a host of other well-known retailers. “If you can think of a retail brand they are probably going to be in Q Mall,” says Ivan Pachonick, director: retail consulting for JHI property services group, which is leasing the project. “The outstanding response from the retail sector reaffirms the strong demand and that the timing is right for a modern, regional shopping facility in Queenstown,” he adds.
The new shopping centre is also located immediately opposite the proposed new 15 000sqm government and municipal office precinct at Komani Park, which together with surrounding proposals for 20ha of new affordable housing was recently put out to tender. Billy Forssman of Eris Property Group says that this is a clear indication of the importance of this area of Queenstown as the growth node for the town. “With a total of over R1 billion being spent here over the next two years we look forward to further developments to ease the pressure on the CBD. Queenstown’s centre is still largely as it was laid out in the 1800’s and times have changed. There are major difficulties associated with trying to access services as well as shopping there, from parking issues to congested and broken pavements and long walks between different shops. This new node will bring together all the goods, services and government departments in a single, clean, convenient and easily accessible location,” says Forssman.

Due to open for Christmas 2012, Q Mall is being designed by leading architects Boogertman and Partners in association with ADA Architects. Boogertman were the architects for the iconic new ‘Calabash’ design Johannesburg World Cup Stadium and recently completed the new Melrose Arch retail development in Johannesburg, as well as designing uShaka Marine World in Durban and several retail complexes around South Africa.

Issued by Gaye de Villiers

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 19 Jan 2018
      Extending from Randfontein in the west to Roodepoort in the east and including the towns of Krugersdorp and Magaliesburg, the West Rand has a plethora of property available to residents who choose to make this unique area their home.
    • 19 Jan 2018
      When it comes to financial planning, doing the work to ensure you’re prepared for unexpected emergencies is just as important as ticking off your other goals and New Year’s resolutions. The beginning of the year is also the perfect time to review your various insurance policies.
    • 19 Jan 2018
      No surprises at the first Monetary Policy Committee of 2018, as Reserve Bank Governor, Lesetja Kganyago, announced that the interest rates would stay at their current levels.
    • 18 Jan 2018
      The Southern Suburbs make up some of the most popular residential areas in Cape Town, comprising charming groups of suburbs which lie to the south-east of the slopes of Table Mountain. It is seen as the city's most expensive residential neighbourhoods with a choice of various private schools, upmarket eateries, wine estates, beautiful homes and trendy apartments.
    • 18 Jan 2018
      New year, new goals! If you’ve resolved to purchase your first property in 2018, then this 6-step guide from the Rawson Property Group is a must-read. It will help you navigate and simplify what is often be seen as a confusing process of buying your first home – right from the house-hunt to the house-warming.
    • 17 Jan 2018
      While the current property market may still favour buyers, it doesn’t mean that they shouldn’t be well prepared before putting in an offer to purchase.
    • 17 Jan 2018
      Lightstone lists Blair Atholl as the most expensive suburb with an average house price of R11.2 million, followed by Westcliff (R10.5 million), Dunkeld (R9.3 million), Sandhurst (R9.1 million) and Inanda (R7.2 million).
    • 17 Jan 2018
      As it currently stands, there are four main ways in which a home can be bought in South Africa, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, who adds that deciding in which legal entity to purchase the property is not a decision that should be entered into lightly, as each has its pros and cons.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us