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Musina Mall Redevelopment 2018 / NO 34 WWW.MOOLMANGROUP.CO.ZA MUSINA MALL REDEVELOPMENT With over 95 000 customers visiting the mall over the opening weekend, it was hardly a surprise that Musina Mall was selected as one of the SACSC finalists in the Redevelopment Category. Located in the heart of the heritage-rich town of Musina, Musina The new development includes national retailers such as Checkers, Mall officially opened its doors on 30 March 2017. Redeveloped by Edgars, Truworths, Identity, Pick n Pay Clothing, Studio 88 and John leading property developers and investors, Moolman Group and Craig, all new entries to Musina. The mall also houses all five major Investec Property Fund, the new centre incorporated a complete banks: ABSA, Standard Bank, Nedbank, FNB and Capitec. revamp of Great North Plaza. This investment is set to meet the high demand for shopping and trading opportunities; not only to people living in Musina, but over The mall boasts 35 090 m² (30 267 m² Musina Mall and 4 823 m² Great the Beitbridge border and into Zimbabwe as well. North Plaza) of retail space anchored by Checkers and Shoprite, with a host of new stores creating an exciting new and improved tenant mix – including groceries, fashion, services, health, beauty and food. Musina Mall offers unparalleled convenience to residents of this prominent business, social and tourist node. There was a strong demand from retailers to partake in the addition of the mall, based on current trading conditions in Musina. FROM THE TOP DESK AT THE COALFACE UK INVESTMENTS: In our previous issue we focussed on the 50 year celebration of the I’m honoured to have received a “Page 2 Column”. I suppose, Moolman Group. This is something that we as a family, and the after 21 years, it must be the coming of age! Group, are very proud of. WAVERLEY MALL However, now comes the time to turn our attention to the future According to the Cambridge English Dictionary “At the Coalface” once more. So let’s focus on that then. I am not saying anything new means: “Doing the job in real working conditions, rather than IN EDINBURGH when stating that the country until recently found itself where large planning or talking about it”. At the Moolman Group, getting the segments of society had little confidence in our leaders. Add to this job done happens in a team environment where everyone is trusted the critical changes required in leadership and governance at many to pull their weight. We believe in old-school discipline and smart, of our state and parastatal institutions; a nuisance that continues to hard work. Property Investment remains our core business. drain our fiscus with no end in sight. We endeavour to grow our investment portfolio by way of Greenfield Developments, which aim to add value, rather than just The recent election of Cyril Ramaphosa as president of the ANC and buying for yield. the potential demise of Jacob Zuma may bring big changes to state governance, levels of corruption and so called state capture and with This model has become increasingly difficult; development risks it an upswing in investor confidence levels. are not being rewarded anymore and are often very close to completion value. Despite this, we remain confident to commission My personal views therefore are as follows: two (or three) substantial developments in 2018, relying heavily • South Africa had steady growth (up to 5% pa) and the nation moved forward much better than most pessimists would permit on a more stable macro environment. We are firm believers of after the demise of Apartheid. A large middle class emerged and Internal Asset and Property Management, and keen promoters of the economy is vastly different today. We still underestimate our the belief that no one can look after an asset better than the owner informal sector. Services such as water and electricity reached himself. It comes down to clear understanding and accepting the many new households and many South Africans’ circumstances responsibility to ‘walk the talk’. and standards of living improved dramatically. • In the aftermath of the global financial crisis, and the Polokwane At present we have R11 billion of assets under management. These (my home town) event, we experienced a gradual, broad-scale consist of 138 buildings, which are occupied by 1 904 tenants. We decline with the coming of the Zuma era. The facts are best do business in a challenging environment where you need to find summarised in the results of The Global Competitiveness report the balance between firmly standing your ground, and maintaining Moolmoor Holdings is a joint venture between 2017/8 released by the World Economic Forum and our growth long-term relationships. After all, property is about focusing on the in GDP levels now hovering around 1% pa. the Moolman Group and Moorgarth Group long-term. A definite strategy for us at the moment is reducing the (Tradehold Subsidiary); an undertaking which • What I learnt from the above is that the country can, or could number of small properties owned, and reinvesting the proceeds have been, on a different trajectory. We have been through a off-shore. In doing so, we are able to refine our South African secured the acquisition of Waverley Mall – their terrible era and our unemployment rates could have been so portfolio and managing some of the risk a bit better. second property in the UK during 2017. much lower, which is one of the biggest challenges we face. We do not expect 2018 to be easy, but we know we have good What I am suggesting then is that the changes we are seeking may The company The mall is situated in the heart of Edinburgh, which is people who care deeply about the Moolman Group, as well as the happen faster, even haphazardly, but at a pace that could surprise located just opposite the Waverly Train Station - Britain’s us all. A great deal will rest on the shoulders of Ramaphosa but as well-being of each individual involved. And when it comes down firmly believes that this largest train station outside London. Genl Jan Smuts, a hero of mine said, the very worst or best never to it, good or bad, this stance has proven itself to be more than occurs in our lovely country. We can look forward again and if the property could produce adequate, time and again. Some very exciting asset management angles are rains come our spirits will be lifted too. being investigated, and the company firmly believes that – Pieter Lombaard (CEO) ongoing benefits for this property could produce ongoing benefits for May 2018 bring reassurance to us all. years to come. years to come. – Jannie Moolman 1 WATERPAS JANUARY 2018 – NEWSLETTER WATERPAS JANUARY 2018 – NEWSLETTER 2 KAALFONTEIN CORNER IN TEMBISA NOW OPEN DECATHLON OPENS ITS FIRST On 30 November 2017, hundreds of Tembisa residents gathered in excitement to shop at Kaalfontein Corner, the new 9 600 m² shopping centre developed MEGASTORE by the Moolman Group and Melana Developments on the corner of Main and IN SOUTH AFRICA On Saturday, 2 September 2017, Decathlon opened Angelfish Road, Tembisa, Johannesburg. its doors for trading at Mall at Newmarket, Alberton, Anchored by Shoprite and Meat World, the The development had a major uplifting effect Johannesburg, for the very first time. new centre provides local residents with a on Tembisa, both in terms of education and large selection of quality stores in various retail employment. The community training centre The brand new 2 500 m² concept store stocks products for more categories. This includes banking convenience established during the development stages of than 50 different sporting codes and the 600 m² playground with Nedbank, Standard Bank and Capitec the project enabled training and certification The French sports offers users the opportunity to test products or simply enjoy Bank as tenants. of community members in construction related playing sport with friends and family. trades and skills, such as Power Tools, Welding retail brand hopes to Over 10 000 people visited the store over the opening weekend National retailers include Pep, Ackermans, Safety and Scaffolding Inspection to name but Rage, Jet, Fair Price, Power Clothing and FLTR – Keith Brown, Niel Vermaas, to experience the store’s wide range of sports products on offer, a few. Werner Kruger, Cobus Truter (Melana make sport accessible as well as the technical knowledge of the dynamic staff members Beaver Canoe, along with speciality stores like Developments), Dennis Farrell and Autozone and Medizone Pharmacy. Also in the Encouraging local entrepreneurial Steph Beyers (Moolman Group) to all South Africans, from the different sports sections in the store. mix are a satisfying array of food outlets and development, the initiative ensured maximum restaurants, such as Debonairs, Chesanyama, local employment for the duration of the while bringing Fish & Chip City and Galito’s. project, while providing training to a total of unmatched value to 305 individuals to date. MATSAMO PLAZA The Moolman Group and its partners are proud the table. to have brought convenience to Tembisa – one The Moolman Group recently acquired Matsamo of the largest and more formalised townships in South Africa. From the estimated 166 340 Plaza Shopping Centre in Schoemansdal. households served, approximately 91 710 are 2 located within a 4 km radius of Kaalfontein This 7 600 m centre is anchored by a Boxer Superstore, while Corner, while a further 8 200 houses have been also housing stores like Jet, Pep, Ackermans, KFC, Cashbuild and built within a 10 km radius of the mall. Power Clothing. The Group plans to expand the centre over time Face painting at Kaalfontein Corner Opening in order to cater to the growing tenant demand.
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