Real Estate Investor Magazine South Africa August 2015 | Page 74

PROPERTY INSIGHTS

PROPERTY

INSIGHTS

Vukile acquires significant stake in new R1 billion
rand Thavhani Mall
Vukile Property Fund has secured a 33% R350 million
stake in the 50,000sqm Thavhani Mall at Thavhani City
in Thohoyandou, Limpopo, after signing a deal with
the developers of the new regional shopping centre,
Thavhani Property Investments (Pty) Ltd.The acquisition
will extend Vukile’s retail exposure.
Thavhani Mall is now under construction and
scheduled to be complete and open to the public in 2017.
It is being developed on a prime site in Thohoyandou,
at the intersection of the R524 road to Louis Trichardt
(Makhado) and the new Giyani Road to Sibasa. Thavhani
Mall is now more than 80% let with confirmed anchor
tenants including Pick n Pay, Super Spar, Woolworths and
Edgars, while a broad range of other national retailers
will be part of the tenant mix.

Load shedding risks for Home-owners
We all become more vulnerable to break-ins during load
shedding, with the resulting electric fences and alarm
systems shutting do ݸ