Eastgate successfully leases 100% of ex-Stuttafords space

Posted On Friday, 05 October 2018 11:45 Published by
Rate this item
(0 votes)

Eastgate Shopping Centre prepares for the opening of three retail giants this October

 EASTGATE-MALL-

One of Johannesburg’s leading Super Regional shopping malls, Eastgate Shopping Centre continues to inspire. When Stuttafords closed its doors across the country in 2017, the question on everyone’s mind was “But what about that space? Will shopping centres in today‟s harsh economic climate be able to fill the void left by the mega department store?”

For Liberty Two Degrees and Liberty Group Limited’s Eastgate Shopping Centre, the answer to that question is a firm „yes‟. As some doors close, other doors open and that philosophy is never more evident as October will bear witness to three major retail brands opening their doors at Eastgate.

Carmen Collison, Liberty Two Degrees‟ Asset Management Executive for Eastgate Shopping Centre states: “The closure of Stuttafords provided an opportunity to bring in some exciting new stores that the centre could not previously accommodate. It is an exciting time for Eastgate as we prepare for the launch of our new tenants this upcoming month.”

The all new Mr Price flagship store, with some exciting and unique additions, will occupy the most significant part of the box, being 3 255m2 of the ex-Stuttafords space. Global fashion retailer, H&M, will come in with a bold 2 518m2 store. South Africa’s beloved “pharmacists who care”, Dis-Chem, will occupy the remaining 1 890m2 of the space.

Collison adds “Both Dis-Chem and Mr Price are proudly South African brands with expansive footprints across the country and will bring a fresh dynamic to our existing local tenant mix. Along with this, the introduction of H&M in Eastgate is sure to answer to the demand of our shoppers for the inclusion of international retailers in the mall. The opening of these three stores aligns with Liberty Two Degrees’ strategy of continuously improving the customers shopping experience by providing more freedom of choice to our clients.”

“Our refurbishment programme is almost complete, our tenant mix is better than ever, which aligns to our focus of improving our customer experience. Watch it all come together at Eastgate Shopping Centre as it continues to innovate and reinvent itself to stay ahead of the South African retail curve” Collison concludes.

 

Last modified on Friday, 05 October 2018 11:53

Most Popular

Stable repo rate a boost for first-time home buyers says Dr Andrew Golding

Sep 20, 2018
Andrew Golding
With the rand regaining some ground and inflation surprising on the downside this week,…

SARB keeps Repo rate unchanged

Sep 20, 2018
Consumers will breathe a sigh of relief after the South African Reserve Bank’s (SARB)…

Green Building Convention Brings Built Environment and Sustainability Heavyweights to SA in a Race to Zero

Sep 29, 2018
GREEN BUILDING COUNCIL 1
The Green Building Council of South Africa (GBCSA) will host the 11th Annual Green…

ALP opens warehousing park 75% pre-leased, topping all other real estate segments

Sep 24, 2018
TOBY SELMAN
Africa Logistics Properties has today launched its first 49,000 sqm of modern grade –A…

Sub-Saharan Africa on a path to greater real estate transparency but progress is patchy

Sep 24, 2018
JEREMY KELLY
JLL & LaSalle’s Global Real Estate Transparency Index highlights urgent need for further…

Please publish modules in offcanvas position.