3 minute read
Elevating living, shopping and working
KUNJANI MALL CONCORDIA
CONCORDIA in Knysna will soon boast its own multimillion mixed-use facility and shopping mall.
In a joint venture between national property developer Latitude Properties and product development firm EPCM Holdings, a R200 million mixed-use facility will house the first shopping centre in the township.
Harry Pretorius, retail developer and chief executive of Latitude Properties, says the 4 500m² mall will bring shopping convenience to this underserviced area in Phase 1, while Phase 2 will add a further retail component, boosted by quality affordable housing and community-centric amenities.
“These include amenities such as a co-working space, day clinic, action-soccer fields as well as a local early childhood development centre.
“Kunjani Mall Concordia will change the way people shop, eat, live and work.”
Major national retailers Shoprite, Ackermans and Pep Stores have confirmed tenancy in Phase 1 of the project, providing residents who travel mostly by foot into Knysna for many of their purchases with a superb shopping experience and far more choice right on their doorstep.
“We are extremely excited about our multifunctional
Kunjani concept development,” Pretorius says, adding: “By creating more accessible developments with more inclusive spaces we are uplifting the area to offer better conditions and choices for residents.”
The Kunjani Concordia development in Knysna will also play a key role in escalating the fabric of the neighbourhood and, importantly, contribute to job creation.
“Over and above the predicted 200 builders and labourers involved in the construction, it will also yield at least 100 permanent jobs on completion.”
In a move that will further contribute to economic inclusion for a broader group, Pretorius is excited to announce the development’s support for small and informal traders within the space.
“Our approach is very much a collaborative one that will stimulate the entire area and have a positive social impact which, in turn, boosts the local and regional economy.”
Noting that shoppers from outlying areas have less access to online shopping, he says the Kunjani Concordia development is about servicing more residents with better options.
The companies working on the Kunjani joint venture have plans to complete three more Kunjani precincts in the Western and Southern Cape over the next 18 months and remain bullish on the long-term growth of retail business in rural and township areas.
“Our experience across all parts of the development sector shows that multi-functional spaces bring opportunity, first and foremost, for better lifestyles, shopping experiences and even family health,” Pretorius says, noting the importance of ensuring developers take cognisance of the full spectrum of the social ecosystem and their impact on communities. For more information, visit www.kunjanimall.co.za.
KUNJANI MALL CONCORDIA DEVELOPMENT SUMMARY
EPCM Latitude Developments JV Address: 120 Concordia Road, Concordia,
Knysna Erf size: 4 hectares Zoning:
Business Construction Area: 5 000m² Rentable Area: 4 500m² Total project cost: R200 million Anchor tenant: Shoprite (1 500m²)
THE NEW mixed-use facility and shopping mall in Concordia in Knysna.
SHOPRITE will be the anchor tenant in a mall that will also offer Ackermans and Pep.