Commercial Property News South Africa

Business rights for shopping development secured

The local council has granted business rights for the development of the prime positioned regional shopping centre, named Moruleng Mall to New Africa Developments (NAD). Moruleng is a small mining community, located approximately 60 kilometres from Rustenburg in North West Province.

NAD confirms that 112,000m2 of rights have been approved by the council, of which approximately 31,000m2 will be utilised to develop the first phase of the mall. Anchor tenants secured include Shoprite, Ackermans, Pep Cell, John Craig, Pep, Pep Home, Edgars, Jet, Legit and KFC.

"All our decisions relating to the positioning of our developments are based on extensive geographical and consumer research, conducted by Fernridge Consulting, to ensure the success of all our projects. Not only will this mall be located in a prime position but will also be serving a community hungry for a quality shopping experience. At the moment the consumers in Moruleng and surrounds have no shopping mall of this magnitude close by," comments Corne Claassen, MD of NAD.

NAD is the property developer of Jubilee Mall in Hammanskraal and recently secured the business rights for Sosh Mall in Soshanguve.

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