Following the Eastern Cape’s biggest shopping mall being sold for R1.3 billion, another of South Africa’s biggest retail centres is looking for a buyer.
The biggest shopping mall in the Free State – Bloemfontein’s Loch Logan Waterfront – is up for sale by closed tender, Broll Auctions and Sales has announced.
Norman Raad, CEO of Broll Auctions and Sales, said a tightly-held asset such as the centre did not often find its way to the market and that he expected the asset to interest the likes of pension funds and listed REITS. According to Broll, the mall carries approximately 125 tenants, including Pick n Pay, Pep Stores, Clicks, Vodacom, Wimpy, McDonalds, Ocean Basket, Exclusive Books, Browns, Woolworths, Mr Price and Cape Union Mart.It is also centrally located in the city, with close proximity to Vodacom Park rugby stadium, Bloemfontein Medi-Clinic, the Central University of Technology, Provincial government buildings.
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