Pareto Limited
Mimosa Mall
Contact Details:
Tel: +27 (0) 51 444-6914 / +27 (0) 444-6914
Fax: +27 (0) 51 444-6918
Physical address:
131 Kellner Street, Brandwag, Bloemfontein, South Africa
Postal address:
PO Box 12384, Brandhof, Bloemfontein, 9301, South Africa
Website: www.mimosamall.co.za
Wholly acquired by Pareto in October 2008, Mimosa Mall is an upmarket shopping centre situated in the suburb of Brandwag on the outskirts of Bloemfontein’s CBD.
In Brief:
Opened: June 1995
Current GLA: Approximate 34 566 m²
Stores: Approximate 120
Average spend per person: R120.00 (2008)
Total centre turnover: R1.03 billion (2008)
Mimosa Mall has 34 566m² of prime retail and 2,310m²office space. Originally a strip shopping centre, it was upgraded and expanded through a second phase in 2000.
The centre has 102 retail outlets and anchor tenants include Woolworths, Game and Ster-Kinekor. In 2008, the centre boasted a tenant occupancy rate of 98.5% and an average monthly visitor count of 860,000. Turnover at the centre increased by 1.9% in the period July 2008-April 2009.
Mimosa Mall is Bloemfontein’s premier shopping centre, servicing the needs of many of the residents and visitors to the capital of the Free State province. It is an excellent addition to Pareto’s retail property portfolio and will make a meaningful contribution to the company’s ongoing income stream.