Following the high-profile official opening of the first phase of the multi-million-rand Nkuna Kraal Shopping Centre in May 2022, Masingita Property Investment Holdings is delighted to announce the completion of Phase 2 of the retail development.
With its recent expansion, Nkuna Kraal Shopping Centre now has a GLA of over 19 200 m2 and strives to bring more of the best shopping, entertainment and leisure experiences. The expanded Nkuna Kraal Shopping Centre houses national tenants and anchored by Shoprite and Super Spar.
Nkuna Kraal Shopping Centre is being developed in phases within the Nkuna City Precinct which is the first R2 billion post-apartheid smart town in a rural village of Nkuzana, Limpopo Province.
Nkuna City is the brainchild of Dr Mike Nkuna and is comprised of other socio-economic amenities such as industries, value retail, public and private sector offices, intermodal facility, public garage, hotel with conference facilities, educational facilities, tertiary institution campus, private hospital, public spaces, business sites and residential with different typologies.
“In the midst of the dwindling employment statistics in South Africa, I have no doubt that the opening of the Nkuna Kraal Shopping Centre since development to date, has impacted positively on the lives of the people in this catchment areas, through sustainable jobs that are being created.” says Dr Mike Nkuna in excitement.
Continues Dr Nkuna: “With the opening of phase 2 of Nkuna Kraal Shopping Centre more people in this catchment area are going to be employed, thus eliminating social ills such as poverty, crime, and joblessness “.
The arrangements for the official opening of the expanded Nkuna Kraal Shopping Centre are as follows:
Date: 25 May 2023
Time: 09:00
Venue: Nkuna City Smart Town, Nkuzana Village
Issued by Masingita Property Investment Holdings (Pty) Ltd. Media enquiries can be directed to Ms Lebohang Matlala, Senior Marketing Manager, Tel no: 011 646 0033 or Email: Le**************@ma*********.za
About Masingita Property Investment Holdings (Pty) Ltd
Masingita Property Investment Holdings (Pty) Ltd is a subsidiary entity of Masingita Group of Companies which was founded in 2004 through a strategic business partnership between Nedbank and Dr Mike Nkuna.
Since its inception, Masingita Property Investment Holdings (Pty) Ltd has developed quality retail facilities in rural and township areas of South Africa, thereby contributing to massive job creation, poverty alleviation and inequality.
The company’s property portfolio is comprised of a gross lettable area of 246,000 m2 across commercial , residential that includes an increasing shopping centre portfolio. Most notably Makhado Crossing in Louis Trichardt; Masingita Mall in Giyani; Jabulani Mall in Soweto; Protea Glen Mall in Protea Glen; Bara Mall in Soweto; Diepsloot Mall in Soweto; Masingita Plaza in Giyani; Masingita Crossing in Malamulele; Morena Mall in Mafikeng; Boitumelo Junction in Thabong, Welkom; Mphephu Plaza in Siloam and Nkuna Kraal in Nkuzana .
