KENAKO MALL OPENS ITS DOORS
\nAnd the consumers \u201clike\u201d it.<\/p>\n
[Cape Town] Judging by the success Kenako Mall enjoyed during the official opening towards the end of April, Pointbreak Investment Management and Kenako\u2019s investors, Shoprite Group and Prima Retail Properties, are confident that this ground breaking development of R195 million will set the tone for future township mall development.<\/p>\n
The 19 000 m\u00b2 mall is ideally placed in one of Port Elizabeth\u2019s biggest townships, with a catchment area of more than 340 000 shoppers and an estimated retail potential of R1,2 billion. Besides the 4 000 m\u00b2 Shoprite, other top brands as tenants include Truworths, Ackermans, Pep, Clicks, Mr Price, Tekkie Town, Capitec, Standard Bank, Hungry Lion, McDonalds, Jet, Edgars Active, Identity, Legit, Fashion IQ, etc. At the opening, Kenako Mall had 88% tenants, with 76% being Nationals and a keen interest in the remaining 12% of the Mall.<\/p>\n
The opening of Kenako Mall was met with much excitement. The parking lot, with just under a thousand bays available, was fully packed. Following the traditional ribbon cutting, hundreds of trolley-pushing, cheering people streamed into Kenako Mall, most notably into Shoprite. The positive comments and posts on the Kenako Mall Facebook Page, with nearly 7 500 \u201clikes\u201d already, is indicative that the timing and location for Kenako Mall was spot on, filling a need in the community.<\/p>\n
\u201cThe increase in expendable income in townships and rural areas has opened up a new market for national retailers,\u201d says Pointbreak\u2019s Pieter Laubscher. \u201cKenako Mall gives its target market access to South Africa\u2019s leading retail and fashion brands. In terms of creating a pleasant shopping experience, we invested in a beautiful centre layout and quality finishes.\u201d<\/p>\n
From an investment perspective, Kenako Mall is setting new standards and creating a good example when it comes to township and rural retail developments. Pointbreak\u2019s John Hamman adds: \u201cThis is a long-term investment and we have made provision for potentially expanding to 30 000 m\u00b2 in the future. Apart from the value which Kenako Mall offers investors, we\u2019ll also be looking at increasing the value that the mall brings to the community.\u201d<\/p>\n
NOTES TO THE EDITOR
\nPointbreak Investment Management is offering high net-worth individuals the opportunity to invest in good quality retail centres and office buildings. To date, Pointbreak has built up a portfolio of R300 million. Pointbreak only provides investors long term investment opportunities. Kenako Mall was a perfect fit in terms of our own and our investor\u2019s long term strategy.
\nFor more information, contact John Hamman or Pieter Laubscher at 021 912 4000.<\/p>\n
Issued on behalf of Pointbreak by:
\nSherpa Business Communications
\nTel: 021 912 4070 or info@sherpa.co.za
\nMedia enquiries: Amelia de Milander at 083 509 1801 or amelia@sherpa.co.za<\/p>\n
URL<\/strong>: http:\/\/www.pointbreak.co.za<\/a> Author: Amelia de Milander<\/strong> from Sherpa Business Communications<\/a>. Originally distributed by MyPR.co.za<\/a>.<\/strong><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" KENAKO MALL OPENS ITS DOORS And the consumers \u201clike\u201d it. [Cape Town] Judging by the success Kenako Mall enjoyed during the official opening towards the end of April, Pointbreak Investment Management and Kenako\u2019s investors, Shoprite Group and Prima Retail Properties, are confident that this ground breaking development of R195 million will set the tone for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[3257,1452],"class_list":{"0":"post-19996","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-mypr","8":"tag-public-relations","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/19996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=19996"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/19996\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=19996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=19996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=19996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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