Pareto Limited
Southgate Value Market
Contact Details:
Tel: +27 (0) 11 942 1061
Fax: +27 (0) 11 942 4670
Physical address:
Cnr Beyers Columbine Roads & Rifflerange Road, Mondeor, South Africa
Postal Address:
Private Bag X08, Mondeor, 2110, South Africa
Email: info@southgatevaluemarket.co.za
Web: www.southgatevaluemarket.co.za
Pareto Limited owns 65% of this centre. The remaining 35% is co-owned by Sycom Property Fund and Fountainhead Property Trust.
In Brief
Opened: June 1997
Current GLA: Approximimate 19 205 m²
Stores: Approximate 30
Average spend per person: R98.00
Total centre turnover: R234 milllion
The floor area for the centre is 19,000 m2 which accommodates approximately 30 shops. The tenant mix comprises of furniture, food, beauty, homeware and footwear retailers.
This value market is one of the few but real lifestyle centres in South Africa and the only one in southern Jozi. It offers convenience shopping to discerning shoppers who know what they want and where to find it.
Major retailers include Virgin Active, Game, McDonalds, Veggieland, Nandos, Exquisite Bathroom and Fair Price Furnitures.
The centre is located in the same trading node as Southgate Mall and is therefore complimentary to the mall.
Plans to strengthen the node are in progress. These will lead to new national retailers being introduced and possible relocation of some of the current tenants.
The day to day operation of the centre are being managed by Broll Property Services.