Biggest mall in Africa open for business
Developed on a scale beyond anything the country has known by leading South African property developer and investor Atterbury, the iconic new Mall of Africa is the largest shopping centre to date.
The mall was constructed at a cost of R5 billion and boast a 130,000 square meter shopping centre that set a new benchmark for shopping centres on the continent.
Louis van der Watt, CEO of Atterbury said: “In line with the Atterbury vision to create working, shopping and entertainment spaces for everyone to live to their full potential, the development of this breath-taking shopping and leisure destination introduces an unmissable, unmatched retail experience. Mall of Africa’s exceptional scale, design, location and retail mix places it at the forefront of development.”
Mall of Africa is co-owned by two leading South African property companies.
JSE-listed real estate capital growth fund Attacq Limited holds the commercial development rights to Waterfall and owns 80% of the Mall of Africa. Atterbury Property Developments owns 20% of Mall of Africa and is responsible for the Mall of Africa development project, on behalf of Attacq.
At 130,000sqm, it is the largest single-phase shopping mall development in South Africa.
Lol even white people are queuing outside Dion Wired #MallOfAfrica pic.twitter.com/gyQ54PyNrT
— Madvillain (@_uZamo) April 28, 2016
Premier Makhura arriving for the opening of the #MallOfAfrica pic.twitter.com/sRwGFEgSOe
— GautengGov (@GautengProvince) April 28, 2016