The newly opened R155 million Sky City Mall south-east of Johannesburg has been trading impressively since its launch in April with owners GMI promising further expansions.
Delivering over 12,900 m² of retail space for the residents of Waterval, Palm Ridge and Kathlehong, the mall features prominent brands such as KFC, McDonalds and Shoprite.
The mall was developed by GMI Property Group which entrusted leading leasing and development specialists Retail Network Services (RNS) to advise on the development.
Commenting on the mall Gavin Tagg, Chief Executive Officer of RNS, said: “RNS is proud to work with GMI Property Group on yet another of its landmark shopping centre developments. Our motto at RNS is #GettingRetailRight at shopping centre developments we are a part of. As a trusted partner, we bring deep experience in retail leasing and well-established tenant relationships, to manage the concept development.”
The mall is part of the broader development of Sky City which will also include residential and school schemes by Cosmopolitan Projects.
Tagg remarks that: “Sky City Mall is part of a mega-development node. In addition to the planned new residential offerings and several new schools, the mall has an existing market of in excess of 182 000 people staying in some 45,000 households within its catchment area. Besides the more than 15,000 homes planned within the Sky City development itself, over the next seven years it is envisaged that there will be an additional 37,000 households in the area.”
Over R10 billion was invested in improving the surrounding residential area, allowing middle-class income families to access recreational facilities (gym, parks) and affordably priced private schools.
Tagg concludes: “The opening of Sky City Mall represents the exciting first phase of the bigger retail development and residential node at Sky City. We are pleased to be involved in this important catalytic development that not only brings quality shopping convenience to the local community but jobs and represents a major investment in the area.