The new Protea Glen Shopping Centre developed by the Msingita Group – which opens in September this year and which this week celebrates its roof wetting – will service one of the country’s most dynamic and fast-growing residential areas.
The rapidly developing middle income Protea Glen in Soweto – which began development 20 years ago and which has grown into 13 extensions – is now one of South Africa’s most desirable places to live, work and invest among young families, first time property owners and investors. Research shows it among the top 10 suburbs in the country, in terms of recorded sales in 2010.
The R180,000,000 Protea Glen Mall development has a floor space of 30 000m2, with more than 90 shops and offices. Tenants include Shoprite, Pick ‘n Pay, Cashbuild, Mr Price, Truworths, Edgars and Clicks amongst others.
With its convenient and accessible location on the corner of Protea Boulevard and the R558, the main arterial road connecting Lenasia and Krugersdorp, the centre is set to become the area’s premier retail development and shopping destination.
Timothy Phiri Masingita Group CEO commented “There is currently an extensive undersupply of retail outlets in the area resulting in residents having to travel to outer lying shopping destinations. Not only will Protea Glen serve the immediate community and its surrounds but will capitalise on the high-traffic volumes passing the centre on a daily basis.”
Research has shown that scores of property buyers are looking for houses in the suburb. A R50-million sectional title housing development bordering the shopping centre, with a second phase planned, was recently completed. This type of high density living requires quality retail support and convenience, which Protea Glen Shopping Centre is well positioned to provide.
The City of Johannesburg has also committed to further community developments and upgrades, including the new Doornkop Township comprising 27 000 new residential stands which is in close proximity to the Protea Glen Shopping Centre site.