The 16,000sqm Pan Africa Shopping Centre is located in the heart of Alexandra and opened in 2009 to become South Africa’s first fully-integrated shopping mall and taxi facility.
According to Vukile, the mall’s trading success has been so great that it is now set for a future 9,000 sqm expansion that will take it to over 25,000sqm. Vukile said it will acquire the shopping centre for R415 million from its sellers, the Pan Africa Development Company – which is held by Atterbury Property, Talis Holdings and Summit Ridge Trading – and will also appoint the sellers to develop the centre’s second phase expansion, which it will acquire for R254 million on opening in April 2024.
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