New shopping centre in North West’s mining hub

In May this year (2012) construction begins on the site of a new 15 000sqm shopping centre at the intersection of the N12 and Jabulani Street in Jouberton, which adjoins Klerksdorp, the mining centre of the North West Province.

Klerksdorp is the business and administrative hub of a substantial and strategically positioned region bordered by Botswana and the economic powerhouse of Gauteng. Klerksdorp is a prosperous town in itself, further boosted by the surrounding goldfields.

Due to open in the second quarter of 2013, the new shopping centre, Goldfields Mall, will be the first modern shopping centre in Jouberton and will include 500 parking bays as well as a fully-serviced taxi rank for 30 taxis – designed in collaboration with the local taxi associations which have lent their support to this project.  The Southern Taxi Council, as the umbrella body representing these associations, has purpose-designed the fully-fledged taxi facility.

Rob Terry, development manager for Landmark Real Estate, property developers of the new shopping centre, says more and more retailers with vision are offering their brands in South Africa’s townships. “Combined with the adjacent suburbs of Manzil Park and Alabama, the historically black township of Jouberton has the highest density of residents in the region. The reasons for this trend toward township retail development are self-evident, and revolve mainly around expediency and price.

“For Jouberton’s 200 000 residents, the new shopping centre will eliminate the need for a 25km round trip to Klerksdorp by taxi in order to purchase necessities, a few luxuries or enjoy a meal out. This will be a modern and attractive mall with landscape features and amenities that will not only provide the area with a central hub, not only for shopping but also as a social meeting place – something which is entirely lacking outside the churches and schools in the area.”

Terry says in recent months there have been a  number of major retail investment announcements in such previously disadvantaged areas by the likes of Old Mutual, Vukile, Advent Asset Management, Dipula, and the PIC (Public Investment Corporation), among others, indicating investor confidence in this important retail sector.

“Retailers active in this arena are reporting significantly higher growth compared with so-called traditional retailing nodes. Fortress Property Fund, which has good exposure to low income commuter-type retail centres, recently reported impressive growth of 10 percent in distributions over the previous year, clearly confirming this higher performance,” he says.

House price reports by FNB in recent years add further weight to the indication of increasing stability and growth in these areas, with the average urban township home now worth over R250 000 and growing at in excess of 10 percent per annum. This outperforms the just 3.8 percent average growth in house prices in the six major metro regions as a whole.

New centre already 85 percent let:

Adds Terry: “Currently the centre is approximately 85 percent pre-let, comprising national tenants. Shoprite is the anchor tenant trading from a 3 500sqm store, complemented by Hyper Butchery and Nizams. Meanwhile PEP and Jet will head up the fashion offering and Cashbuild the DIY component. Eateries include KFC, Traditional Fish ‘n Chips and several other national franchises, while furniture outlets include OK Furniture, Lewis and Fairprice. A Post Office branch enhances the service mix. Because of its size and expansion potential, this centre should remain the dominant retail offering in the area for the foreseeable future.”

Comments Landmark’s executive director, Lionel Kisten: “It is noteworthy that there is commitment in the centre from the national fashion sector beyond Jet and PEP. It seems that astute retailers have recognised that fashion should be offered at the brand conscious consumers’ doorstep. PEP pioneered fashion retail in black townships, a factor which contributed to their success as South Africa’s largest fashion outlet. In recent years Jet has followed a similar strategy and is a serious player in this market. It’s encouraging to now see other retailers recognising the business potential offered in these areas.”

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 24 Apr 2018
      The thing about the property ladder is that at some point in our lives we all have reason to want to climb a rung or two higher. Sometimes, it’s because we’ve outgrown our previous dream home, or because we want to be in a better neighbourhood that’s closer to work or to schools. Sometimes it’s because our circumstances have changed, and we’re taking care of elderly parents or relatives. Sometimes, it’s just because we want a property that reflects the financial status our hard work has won.
    • 20 Apr 2018
      Whenever changes in the political ecosystem of a traditional property market create uncertainty, smart investors begin to look elsewhere for new opportunities. Property experts at IP Global have analysed the trends and crunched the numbers to find new markets to explore in Europe and the United States.
    • 20 Apr 2018
      Energy and water self-sufficiency are increasingly important factors in home buyers’ choice of property – especially in Cape Town where the extreme drought of the past few years has made municipal supply costly as well as uncertain.
    • 19 Apr 2018
      During the last decade, rampant development has progressively transformed Cape Town’s property landscape with densification being the order of the day, but there are still one or two hidden gems like Scarborough which have retained their original character, offering an inimitable lifestyle and an attractive investment opportunity.
    • 19 Apr 2018
      The rental market is a cut-throat sector of the real estate market that waits for nobody. According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, first-time renters need to be fully prepared before they even start the process of looking for a place to rent in order to avoid the disappointment of losing out on their ideal property.
    • 19 Apr 2018
      Choosing to buy your first home instead of continuing to rent is a big decision that will usually take some time to put into action, but the sooner you can save up a sizeable deposit, the closer you will be to reaching your goal.
    • 18 Apr 2018
      Selling your home is no small task and as you will quickly find out, there are a lot of misconceptions about the process. Gerhard van der Linde, Seeff's MD in Pretoria East lists the top 5 misconceptions when you are selling your home.
    • 18 Apr 2018
      The Cape Town municipality is now installing water-management devices at properties that have been non-compliant with the new level 5 water restrictions and there are talks of fines between R5,000 and R10,000 for households that use too much water.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us