LANDMARK EYETHU ORANGE FARM MALL OPENS, MAPEPEZA COMMUNITY NEWSPAPER
The eagerly-awaited 27,000sqm, R400 million regional Eyethu Orange Farm Mall opened on October 28, bringing to fruition an unprecedented socially innovative retail development and investment. Eyethu Orange Farm Mall, located between Joburg and Vereeniging, is 10% owned by its community, through the Orange Farm Community Trust, and is set to transform Orange Farm into a booming central business district. It is boosting the local economy in a variety of ways, from creating jobs and easy access to quality shopping, to housing the local community radio station and a day care centre. Together with the community's 10% stake, facilitated by the National Empowerment Fund, Eyethu Orange Farm Mall co-owners are developers Flanagan & Gerard Investments and Stretford Land Developments and JSE-listed REIT Dipula Income Fund, each of which hold 30% of the mall's ownership.