Redefine Properties, the listed real estate investment trust (REIT), has opened the newly expanded Pan Africa Mall in Alexandra Township, Gauteng.
The expansion added 9 000 square metres of additional retail space, increasing the mall's total lettable area (GLA) to over 25 000 square metres. The mall is co-owned by Redefine Properties and Talis Property Fund.
Pan Africa Mall, underwent a significant upgrade, offering a wider range of stores and restaurants. It now features a new upper-level floor for fashion retailers, including the relocated Mr Price and Ackermans stores, and an extended ground floor, which includes a new Roots Butchery, an expanded Truworths, and an FNB branch.
New tenants include W.Edit, Sportscene, Pick n Pay Clothing, Jam Clothing, Hungry Lion, Vision Works, The HUB, Selfast, Nizams, Clothing Junction, and Tekkie Town.
Redefine CEO Andrew König said that by creating opportunities for local businesses and investing in sustainable solutions like solar power, “we are contributing to the area's economic growth while ensuring the centre serves the community for years to come.”
The expansion also improved the mall's environmental, social, and governance (ESG) credentials as it incorporated back-up power and water – including the exploration of sinking a borehole, a R12.2 million solar photovoltaic (PV) system with an 851 kWp capacity, and energy-efficient lighting and water efficient toilets.
Tebogo Mogashoa, chairman of Talis Property Fund said that as "investors deeply committed to Alexandra, we see this expansion as more than just retail growth – it's an investment in the social fabric and economic future of the area."
The centre also claimed to be the first of its kind in South Africa built with fully integrated public transport, which includes a 50 000 square metre taxi facility. Street hawkers were being offered permanent stalls – managed by the Alexandra Taxi Association.
BUSINESS REPORT