Mall of Mthatha is undergoing a significant transformation following its acquisition nearly a year ago by Flanagan & Gerard Property Group and retail REIT Vukile Property Fund.
The R800 million acquisition paves the way for an extensive R210 million redevelopment strategy aimed at improving flow, accessibility, and the overall shopping experience, said the developers.
A key aspect of Mall of Mthatha’s transformation has been the expansion and diversification of its retail mix. Under its new ownership, the mall’s vacancy rate has decreased dramatically from 18% to just 1.85%, reflecting the strong demand for quality retail space in the region.
Notable new tenants include Dis-Chem (opening March 2025), Spur and News Café (both opening June 2025), and Shoprite and Shoprite Liquor (scheduled to open in August 2025).
Recently opened retail entrants include fast food outlet Burger King, clothing retailers Pick n Pay Clothing, Queenspark, Sergeant Pepper Clothing Company and JAM Clothing, along with Homechoice, Pep Home, Mr Price Cellular and Van Schaik Bookstore.
Additionally, expansions of Studio 88, Sidestep and Skipper Bar further strengthen the mall’s retail offering.
Since August 2024, Mall of Mthatha has recorded consistent double-digit trading growth, culminating in a 9.7% turnover increase from January to December 2024 compared to the previous year. Foot traffic has also shown double digit growth in recent months.
Categories such as homeware and speciality foods have demonstrated remarkable sales performance, each exceeding 50% year-on-year growth.
The addition of a new mezzanine level and lobby are set for completion by the end of May. Its new escalator installations will be completed outside Woolworths this month and outside Checkers by the end of May.
Infrastructure investments as part of the project are ongoing, with enhancements in lighting, CCTV, HVAC systems, access control, and Occupational Health and Safety compliance.
Additionally, a new 1.8MW solar installation is being implemented to support sustainability initiatives.
Paul Gerard, Managing Director of Flanagan & Gerard, says of the mall’s transformation: “Our investment in Mall of Mthatha reflects our shared confidence in the economic potential of the region. Through strategic upgrades and a strengthened retail mix, the potential of this exceptional shopping destination is being unlocked to better serve the broader community, its shoppers and retailers.”
The mall’s upgrade project is set to be complete by September 2025.
