Commercial Property News South Africa

91 Koeberg Mall opens

91 Koeberg Mall on Koeberg Road in Brooklyn, Cape Town, has opened. Betty Olla, the investor in the new development, which is worth more than R13mn, was responsible for the planning phase and will oversee the leasing and long-term management of the shopping centre. The property is owned by the Olla Family Trust.
91 Koeberg Mall opens

Located in the center of Brooklyn, 91 Koeberg Mall is a major urban renewal project that aims to strengthen the local Brooklyn economy by offering food, beauty, fashion, fragrances, internet, cellphone, music and other retail outlets, such as Lumiére Hair, Sound Select, Perfumes for Africa and French Confectionery Bakery, which will complement the existing retail offerings on Koeberg Road. The children's entertainment area in the entrance of the mall makes it a dynamic and trendy destination for shopping. The mall will serve approximately 3,732 households accommodating the 10,941 residents of Brooklyn.

Olla explained that with many people returning to Brooklyn and surrounds, the previous commercial hub provided little for residents. For this reason, the mall will also include three ATMs with security guards.

Benefitting from direct connections to Cape Town and the surrounding areas via the MyCiti bus service, the new shopping centre, which spans 1217m², offers a secure shopping environment with 24-hour security. Shoppers can relax in the knowledge that at 91 Koeberg Mall the safety and comfort of shoppers is a top priority.

The official opening of the mall was officiated by the chairman of the Brooklyn, Ysterplaat and Rugby Ratepayers' Association (BYRRA) chairperson, Rudi Wolter and Betty Olla.

According to Olla, the Olla Family Trust embarked on this investment because it will add value to Brooklyn and surrounds. She said that she is confident that 91 Koeberg Mall will not only contribute to the economic, social and cultural progress of Brooklyn, but also boost the importance of Brooklyn in the region by offering new job opportunities and upliftment of the area. Shoppers will be given the opportunity to win gifts and prizes, receive discounts and free entertainment for the children when they shop at the mall during November 2015.

Rudi Wolter said: "We commend Mrs Olla, who invested more than R13 million in the Brooklyn area, to provide much-needed community facilities. This is the first time in many decades that the private sector is investing in the retail segment of Brooklyn. It is, in fact, the single biggest investment ever.

"Mrs Olla's intention to bring back good quality retailers and much-needed community facilities, such as banks, doctors, pharmacies and retail outlets, from which the community and its school can benefit, is greatly appreciated by BYRRA.

"This makes Mrs Olla the pioneer in re-investing in the Koeberg Road Corridor.

"Due to the close proximity of Brooklyn, via the Koeberg Road Corridor, to the City of Cape Town, we hope that this goodwill investment will be the beginning of the urban renewal process.

"BYRRA welcomes all the tenants and hopes that they will be well supported by the Brooklyn community as well as the passing trade."

91 Koeberg Mall will be open from 8am to 6pm from Monday to Friday and 8am to 4pm on Saturdays.

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