African Design Magazine ADM #35 November 2017 | Page 12

DOBSONVILLE MALL Owned by Vukile Property Fund, the leading JSE-listed retail REIT, the $8 million upgrade and expansion of Dobsonville Mall builds on the foundation of the legendary centre's strong trading, retailer demand and its longstanding popularity with its shopper market. obsonville is a township in greater Soweto, fondly known as “Dobsie” to the locals. It became the first township in Soweto to have its own formal shopping centre when Dobsonville Shopping Centre opened in 1994, welcoming shoppers from its neighbourhood and surrounding townships. 20 years later, this retail landmark has been increased from 23,000m² to 27,000m², it has also been modernised in line with the latest shopper and retailer expectations, and it has changed its name from Dobsonville Shopping Centre to Dobsonville Mall. Before its upgrade, Dobsonville Shopping Centre was home to more than 50 stores including its anchor store, Shoprite. Thus, the centre is known as “Shoprite” to locals. Dobsonville Mall a racts over 1 million shoppers each month. Value for its shoppers has been increased as the mall now boasts more than 80 stores. Its new extension features Pick n Pay and Pick n Pay Liquor, PQ Clothing, Foschini, Clicks, Pep Home and Legit. “The centre originally opened in 1994 and our strategic upgrade and extension will ensure it is optimised for the next generation of shoppers” - Executive Asset Manager at Vukile, Itumeleng Mothibedi The existing centre has increased its exposure to fashion and sportswear retailers, which have shown strong trading density growth over the past two years.   A key element of Vukile's up- leasing strategy for the mall included aggressively decreasing its exposure to the underperforming furniture retail category, thus improving its overall shopper appeal and rental growth potential. 12 africandesignmagazine.com