With its construction completed back in 2017, Springs Mall is a mall in Springs city that is within the City of Ekurhuleni, based in the east of Johannesburg, in Gauteng Province, South Africa. To be precise, the mall is located conveniently in the Casseldale area at the junction of the N17 and R51/Wit roads. It has additional access from the N17 and Jan Smuts road.
The mall is a joint venture between Giuricich Bros Group, developer Blue Crane Eco Mall, Flanagan & Gerard Property Development & Investment, and trust Vukile Property Fund.
The capacity of Springs mall in South Africa
Springs Mall comprises more than 120 stores. Retail giants Pick n Pay, Checkers, Woolworths, and Edgars are among the anchor tenants. Retailers include Foschini Group, Truworths, Mr. Price, Clicks, Dis-Chem, and Incredible Connection
Reported on May 2014
Construction of US$81.3m Springs mall set to begin in South Africa
Development of an US$81.3m Springs mall will soon begin at Springs Eco Park. The mall will be a regional shopping center serving the greater springs area in Ekurhuleni east of Gauteng. It enjoys an enviable location at the intersection of the N17 highway and R51/Wit Road.
The 52,000 sqm mall benefits from accessibility off Jan Smuts Road, outstanding frontage on the N17 highway, and prominent visibility. In fact, the two-level mall will be visible up to 5km away for people traveling on the N17 highway and with a design to offer its shoppers a wide and appealing choice of retail
The development is a joint venture between Flanagan & Gerard Developments, Blue Crane EcoMall (Pty) Ltd, and the family of the Giuricich Brothers.
The mall is expected to capture between US$28.7 million to US$ 47.9 million in revenue which is currently being spent outside of its borders and boost the Springs economy by US$114.8 million. Upon completion, the mall will provide free open-air parking on both its shopping levels.
Springs Mall targets mainly the middle- to high-income earning consumers clientele and it is set to open its doors to shoppers in April 2016.
In the recent past, Africa has experienced a boom in malls as a result of retail developers who are eyeing Africa’s rapidly growing consumer markets which are an opportunity for investment. The developers aim to meet the high growth of the middle class which has tripled over the last 30 years to 313 million people according to a new report from the African Development Bank (AfDB).
Construction begins on South Africa’s US$79.24m regional Springs Mall
The construction project of the US$79.24m regional Springs Mall, Ekurhuleni kicked off recently. Joint owners of the project Flanagan & Gerard, Giuricich brothers, and Blue Crane Mall began the project which is expected to boost the area economy by US$0.11bn.
According to Flanagan & Gerard Executive Director and Founder Patrick Flanagan, the Spring Mall located in Blue Crane Eco Park is set to be opened in 2016 and is expected to create a positive social and economic impact in the region.
Blue Crane Mall business person Franco D’Arrigo who is also a resident of Springs noted that the completion of the mall in the region will enable local residents to find valuable employment opportunities adding that the first benefits that come with the mall will always go to the locals.
The Springs Mall will have two national supermarket chains and two large fashion retail shops.500 to 700 job opportunities will be available during the construction period of the two-level shopping mall. 1200 to 1500 jobs will then come to birth after the opening of the mall.
Retail revenue of US$27.97m to US$46.61m is expected to be drawn from the mall something which has been highly spent elsewhere as the area remains underdeveloped.
South Africa’s retail sector is the third most important contributor to the country’s GDP and Amanda Stops, chief executive officer, of the South African Council of Shopping Centres (SACSC) says South Africans expect to see the construction of more shopping centers as retailers roll out new stores to unlock markets, despite a sluggish economy.
According to the South African Council of Shopping Centres (SACSC) new, large shopping center developments will be focused in South Africa’s metropolitan areas with the highest population growth figures including Johannesburg, Cape Town, eThekwini, and Tshwane impacting the needs for housing, job creation, schools, and general infrastructure.
Reported on May 2015
South Africa: Springs Mall in Gauteng to open in 2017
The US $78m worth of Springs Mall in Blue Crane Eco Park development in Springs, Gauteng, whose construction has started, is set to open before Easter 2017. The new mall project is expected to occupy 52 000sqm and serve as a landmark in the Ekurhuleni Metro springs region located East of Gauteng.
Gerard Giuricich of Murinda Investments has said earthwork contractors were on the site to commence the earthworks soon. The mall will render 120 stalls.
Springs mall will serve consumers in the region with a top shopping experience. It will also help in the creation of job opportunities something which will improve the economy of the region. Its location is on the N17 highway and R51/wit road intersection. Part of the contract also involves the realignment of the Jan Smuts road.
The mall project will be undertaken under a joint venture between Flanagan & Gerard Property Development, Blue Crane Eco Mall (Pty) Ltd, and Murinda, which is in the Giuricich Brothers Group of Companies. The main contractor will be Giuricich Bros Construction.
In order to help in the power supply to Springs mall, the developers are looking into the installation of solar sources to serve as a supplement for the Municipals electricity supply and curb load shedding. It also incorporates other green building interventions such as the use of natural lighting.
According to Flanagan, Springs mall has already attracted leading brands and retailers in South Africa given that it’s already 80 percent pre-let. Among brands to camp at the Spring mall include Woolworths, Edgars, the Foschini Group, Mr. Price, and HiFi Corporation, among others.
Blue Crane Eco Park development will also see the construction of other commercial facilities in 10 ha of land around the Springs mall, which will serve as an anchor for the development. Gauteng is also host to other developments, among them the largest real estate development in the area – Styen City – whose first phase of construction has started.