Name of the Project
Rustenburg Mall.
Location
The mall will be situated near the Rustenburg central business district (CBD), in South Africa’s North West province.
Project Owner/s
The project is a joint venture between Moolman Group, Twin City and JB Holdings.
Project Description
The Rustenburg Mall will serve more than 80 000 households in the primary trade area, which includes established suburbs, such as Geelhoutpark, Proteapark and Karlienpark, and the newer suburbs of Tlhabane and Tlhabane West.
The mall will accommodate about 120 retailers as part of the first phase, which measures more than 40 000 m2.
The current road infrastructure around the development will be enhanced and new roads will boost access and traffic flow in the area.
The Hedeira and Watsonia roads will be extended to improve access from the surrounding suburbs, and main arterials will stem from the Rustenburg CBD to provide easy access for motorists, buses and taxis.
Potential Job Creation
Rustenburg Mall is expected to create 800 jobs in the construction phase, and with more than 75% of the first phase gross lettable area already committed for occupation by retailers, 1 000 permanent jobs will be created once the mall is open and trading.
Capital Expenditure
Not stated.
Planned Start/End Date
On August 6, 2019, the investors had their sod-turning ceremony to celebrate the start of bulk earthworks on the new property.
The first phase is set to be introduced in April 2021.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Too early to state.
Contact Details for Project Information
Moolman Group, tel +27 12 361 7970.
Twin City, tel +27 12 460 9226 or email twincity@twincity.co.za.
JB Holdings, tel +27 12 667 2772 or email info@jb-holdings.co.za.