11 Nov Alex’s Pan Africa mall to grow
More retail space is to be added to the shopping centre in Alexandra, which will almost double in size on an investment of about R65-million.
DEVELOPERS are ready to start work on the expansion of Pan Africa Shopping Centre in Alexandra, a move that is in response to demand from retailers and shoppers.
The mall will almost double in size with five new retailers opening up, including Mr Price, Truworths and Clicks. They will join the 60 other stores already trading in the centre. About R65-million will be spent towards the construction of 2 500m2 of new retail space.
According to Gavin Tagg, the managing director of Retail Company Network Services, the newly expanded centre will be opened for trade by 26 April 2012. “National retailers are taking note of the centre’s success, especially as a springboard into the township market,” said Tagg.
More than 10 000 people use the area daily, along with some 1 500 taxis, according to pedestrian and vehicle counts recently undertaken in the area. “Retailers have seen that pedestrian and taxi traffic in the area continues to increase, as does retail turnover for tenants.”
The company, which handled the original leasing of the centre before it opened, will manage the leasing of the new extension. The centre is located on the corner of Third Avenue and Watt Street in one of Alexandra’s busiest hubs.
It was the first centre in Joburg to be designed with a fully integrated 50 000m2 taxi rank with a three-level holding facility. The node is divided by a road into two distinct structures, and the two buildings are joined by two bridges.
Commuters and shoppers are often dropped at a shuttle rank on the shop level of the retail mall.
The Pan Africa Shopping Centre is part of the Alexandra Renewal Project and is 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.
It was opened in 2009 by President Jacob 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 Pick n Pay, the first outlet of the supermarket chain to open in Alexandra. Other shops at the mall include Jet Mart, Legit, Fairdeal and OK Furniture.Visit Joburg.org