Jouberton’s R155m Tower Mall on track for October opening
Artist rendering the 15,400m² Tower Mall in Jouberton set to open on 25 October 2013.
Residents of Jouberton and surrounds western Klerksdorp, City of Matlosana, can look forward to the launch of the 15,400m² Tower Mall set to open on 25 October 2013, the owners Dipula Income Fund reported on Thursday.
The mall is situated on a prominent location with excellent visibility and accessibility. There is a planned bridge across the N12 freeway which will further facilitate ease of access for the neighbouring communities of Alabama and Manzil Park which form part of the primary catchment area.
Izak Petersen, CEO of Dipula Income Fund, says the R155 million Tower Mall represents an important investment in this community which is underserviced in terms of retail facilities.
“The investment goes beyond providing a quality mall and excellent retail for this community. It is also an investment in the community which will boost employment and skills,” says Petersen.
The primary catchment consists of more than 250 000 people from Jouberton, Alabama, Manzil Park and Kenana.
Developer of Tower Mall, Landmark Real Estate Services, identified the potential of this community and purchased the land some five years ago.
“Through a steering committee, the community played a vital role in assisting us make this investment a reality”, says Lionel Kisten, Executive Director of Landmark. “We also received excellent support from the municipality.”
Tower Mall is funded by Absa, designed by VH+S Architects and its leasing consultant is Citynet.
National retailers opening at Tower mall include Cashbuild, KFC, Jet, Pep, Mr Price, KFC, Clicks, FNB, Standard Bank, Capitec Bank, Old Mutual Bank, African Bank and Vodacom, among others.
Dipula is a JSE-listed property loan stock company with one of the highest black shareholdings in the South African listed property sector, and is managed externally by Dipula Asset Management Trust a 100% BEE Manco. Dipula’s investment portfolio comprises over 180 retail, industrial and office properties valued at more than R4 billion.
