The co-owners have since rebuilt the parking area at Musina Mall’s Entrance 1 to ease traffic congestion and created additional outdoor seating. Plus, the taxi rank at Musina Mall has been embraced by the community and is now being fully utilised.
There are more exciting plans on the cards as the Musina Mall team finds new ways to constantly improve its offering, this includes the addition of a drive-thru and some tenant relocations and updates.
Pieter Lombaard, CEO of Moolman Group, comments, “From our experience with Musina Mall, we know it is a great asset that delivers particularly pleasing performance. It has recovered well in the past two years post-pandemic, which is incredibly positive and rewarding. We believe that there is even more potential to unlock at this shopping mall, and look forward to an exciting road ahead. We plan to give shoppers even more of what they want and continue meeting the high demand for shopping and trading opportunities in its prominent business, social and tourist node.”
Paul Gerard is MD of Flanagan & Gerard, which develops and invests in mostly dominant regional shopping centres that can maintain their market positions over time. Gerard says, “The improvements to Musina Mall build on its unparalleled convenience for its immediate community and many customers from over the Beitbridge border in Zimbabwe and beyond. This quality five-year-old retail asset has extended its excellent trading and reaffirmed its dominance in its trade area, where it stands head and shoulders above any competition.”
The mall’s retail is differentiated from shopping in the Musina CBD, and the two nearest competing shopping centres are a vast 100 and 200kms away.
Musina Mall is in the heart of the heritage-rich town of Musina in the Vhembe District of Limpopo, which is SA’s northernmost major town. It is also located within the Musina-Makhado Special Economic Zone, which is rich in mineral resources, including diamonds. The zone is intended to accelerate economic growth, and President Ramaphosa has identified it as being a focus in SA’s post-COVID-19 economic recovery.
Moolman and Flanagan & Gerard enjoy a long-standing association. In addition to Musina Mall, they have partnered on numerous award-winning retail property developments and are currently co-owners in quality retail assets that include Middleburg Mall in Mpumalanga and Mall of the North (co-owned with Resilient REIT) in Limpopo.