The Pan Africa Shopping Centre in Alexandra north of Johannesburg has announced plans for a 2 500m² expansion in response to demand from both retailers and shoppers.
The 16 000m² centre is located on the corner of 3rd Avenue and Watt Street, one of Alexandra’s busiest hubs. In a ground-breaking move, the centre was the first in SA to be designed with a fully integrated, 50 000m² taxi facility.
Pan Africa Shopping Centre is part of the Presidential Alexandra Renewal Project and owned by Pan Africa DevCo, a development company established by Tebfin Developments in partnership with local entrepreneurs and the two main taxi associations in Alexandra, being ATA and ARMSTA.
Tebogo Mogashoa of Tebfin said Pan Africa Shopping Centre’s location in a natural transport and retail node situated on the historic site formerly known as Pan Africa, has been a major draw card for retailers.
Specialist retail leasing company Retail Network Services (RNS), which handled the original leasing of the mall before it opened, will manage the leasing of the new extension.
“National retailers are taking note of the centre’s success, especially as a springboard into the township market,” explains Gavin Tagg of RNS.
“Retailers have seen that pedestrian and taxi traffic in the area continues to increase, as does retail turnovers for tenants.”
Indeed, pedestrian and vehicle counts show that more than 10,000 people use the area daily, along with some 1,500 taxis.
The expansion will bring new retailers – including nationals Mr Price, Truworths and Clicks – into the mall, to join the other 60 stores already trading.
“Work is scheduled to kick off this month and be completed early next year,” adds Tagg.
“The newly-expanded centre will be open for trade in 26 April 2012.”
The centre was opened in 2009 by President Zuma as part of the Alexandra Renewal Initiative and has exceeded all expectations as both an investment and a catalytic project.
The anchor tenant is a 2,800m² Pick ‘n Pay, the first to open in Alexandra.