Upgraded shopping mall in South Africa opening next month – with a boost for government pensions

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02-05-2024
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The Malvern Park Shopping Centre in Durban is set to reopen in May 2024 after a major upgrade.

The mixed-use precinct is being developed by the Public Investment Corporation (PIC) on behalf of the Government Employee Pension Fund (GEPF) and managed by Mowana Properties – the owner of Cresta and Westgate shopping centres.

The precinct has three main components: the Malvern Park Centre, Queensburgh Strip Mall, and the recently refurbished Malvern Heights 140 Apartments.

The redevelopment and extension of the retail centre included the merging of the Malvern Shopping Centre with the Queensburgh Shopping Centre to add approximately 5000 – 6000 square metres of bulk to the initial buildings.

The Malvern Park Centre is the focal point of the precinct, with a diverse range of retail options, while the Queensburgh Strip Mall complements the main centre by adding another array of shops and amenities

Malvern Heights 140 Apartments have also been refurbished and provide living spaces within walking distance of retail and medical facilities.

Key parts of the revitalisation project include the:

• Extension of the Checkers Box
• Construction of Second Anchor Box
• Parking Expansion
• Extension of Food Court Area to the Exterior

Speaking to East Coast Radio, Mowana Properties’ Iggy Sathekge said that the revitalised Malvern Park is planned to open on 31 May 2024.

She added that some of the mall’s retailers include Dischem, Woolworths Food, Foschnini, My Price, KFC, Ocean Basket, and Burger King.

“Malvern Park Shopping Centre is more than just a retail space; it’s a testament to our commitment to enhancing the quality of life for all while developing the South African economy,” Musa Mabesa, GEPF’s Principal Executive Officer.

“We believe that by bringing such developments to communities, we can create a vibrant and sustainable social and economic environment for generations to come while generating good returns on investment for GEPF members and pensioners, which helps them grow their pension savings.