Media release from Moolman Group – 1 November 2022
Moolman Group grows its investment portfolio with three new malls
Moolman Group has successfully opened three developments – two new shopping centres and one retail redevelopment – in two days. Hebron Mall in the North West province, and Matsamo Mall in Buffelspruit and Merino Mall in Ermelo, both in Mpumalanga, opened successfully last week. In addition to introducing valuable retail infrastructure in exceptional environments that serve tenants and consumers, each project also created jobs and numerous socio-economic opportunities for their communities.
“Today’s consumer expects a mall to offer more than just convenience, and we are proud to address these needs by developing shopping centres that change how people move and live. All three developments are in burgeoning regions with an undersupply of retail facilities. Each development is the result of extraordinary perseverance and rewarding partnerships bringing a shared vision to life,” says Moolman Group CEO, Pieter Lombaard.
The achievement of launching three malls in two days was possible due to the Moolman Groups’ good relationships with a wide range of partners, including Abland at Merino Mall and Twin City at Hebron Mall.
The most important partnership in each development, however, is the community in which it is located.
The project teams worked closely with community leaders to enable local contractors, workers and businesses the opportunity to get involved. Making a meaningful contribution to the local economy on an ongoing basis as part of the development process, all three malls offered online jobs portals where local job seekers could register, and their applications were made available to the centres’ retailers. The portal was also used to employ within the centre management teams and created a platform for service providers to tender for various contractual opportunities in and around the centres – further boosting the local economies.
“We are extremely proud to add these developments to our portfolio,” says Moolman Group Development Director, Pieter Beyers.