share price Loading...
share price Loading...
Movement Loading...

News article

Retail Space to Let Across South Africa in Sought-After Shopping Centres

Published: 12 October 2020

Apart from retail space to let in our extensive range of shopping centres in Gauteng and the Western Cape, Redefine also boasts superb shopping malls in the Free State, KZN and North West. If the prospect of retail rental in either of the above provinces piques your interest, the following key points and stats should certainly prove worthwhile.


Retail Space to Let in the Free State


The Goldfields Mall in Welkom is a solid favourite with residents of Welkom and surrounds. People from Kroonstad, Bultfontein, Hennenman and Hoopstad also regularly visit the mall with its relaxed ambience and ample entertainment facilities. The mall boasts 37 789 m² of retail space to let. The design of the mall has incorporated elements to connect the visitor with the history of the early mining towns in the province. That said, the shopping centre has a distinctive modern architecture and layout, facilitating easy movement through the mall.


The mall features anchor tenants like Checkers, Woolworths and Dis-Chem, and the natural light penetration gives it a bright and fresh feel. If you want retail space to let in a mall that provides maximum shop window exposure, then consider the Goldfields Mall. It’s a popular shopping destination for clothing and groceries, and the mall has 93 tenants, giving shoppers a wide range of shops to browse and more reason to keep returning. All this easily combines to make Goldfields Welkom’s ideal retail space to let.


Females make up the largest percentage of shoppers. They form 72% of the regular shopper total. Shoppers come from the LSM 6 to LSM 10 income groups, with shoppers in the LSM 8 income group making up 58% of the visitors.


Retail Space to Let in KZN


We have two stunning shopping centres in KwaZulu-Natal. The Southcoast Mall and the Mall @Scottsville are both popular shopping destinations.


Southcoast Mall


Located in the heart of Shelly Beach CBD, the mall attracts high foot traffic during the holiday periods. It also has a high monthly visitor average. The centre was recently redeveloped, giving it 34 500 m² of retail space to let. It has a central location on the South Coast, attracting visitors from the nearby towns as well. The centre is conveniently located just off the N2. With a balanced mix of tenants, it offers ample shopping choices. This contributes to the high return-visit numbers.


The mall has 67 tenants and enjoys an annual foot count of 3 860 940 satisfied customers. Anchor tenants include the likes of Checkers, Food Lover’s Market, Builders Express, Dis-Chem, House & Home, and Game. Females make up 48,8% of the shopper total, and the average age of shoppers is 42. Patrons come mostly from the LSM 7 to LSM 10 income groups.


The Mall @Scottsville


Located in Pietermaritzburg, and with its address on the busy Alan Paton Drive, the centre has a high visitor total. It is frequented by families from Scottsville. It has 48 stores that cater to convenience shopping, fashion interests, and entertainment needs. It includes banks and just about everything the community wants in a shopping centre. If you are looking for retail space to let in a smaller mall, then consider this centre with its warm and welcoming character. Checkers and Food Lover’s Market are the main anchor tenants of the 14 000 m² mall that boasts an annual foot count of 4 430 093.


Retail Space to Let in the North West Province


Located in Klerksdorp, Matlosana Mall houses 65 000 m² of shopping excellence. Top fashion brands, grocery stores, banks, DIY centres and more form part of this modern mall. It has an annual foot count of 4 200 000 customers, and the mall’s tenant mix includes the likes of Checkers, Pick n Pay, Incredible Connection, Woolworths, and Sportsman’s Warehouse among its anchor tenants. With 120+ tenants, the centre provides enough variety to attract regular visits.


In Conclusion


There’s little doubt that Redefine’s shopping centres are distinguished by central addresses and high foot traffic. Each mall has a marketing team and offers several additional marketing opportunities for tenants. Such opportunities range from central exhibition courts to advertising space at escalators, access points and more. Get in touch for further information about our retail space to let opportunities across South Africa.