R12-million expansion for Growthpoint’s La Lucia Mall

Johannesburg, 22 September 2014, BizNews

Growthpoint Properties has announced a R12-million expansion of its La Lucia Mall – a regional centre in the northern suburbs of Durban. Scheduled for rollout in 2015, the expansion will mark the 40^th anniversary of the

36 389sqm niche retail complex, which was one of the trailblazers of modern shopping in KwaZulu-Natal – and continues to attract six million shoppers a year.

"Over the past twenty five years La Lucia Mall had to adjust and adapt to competition from newer and bigger shopping centres," says Stephan le Roux, divisional director of Growthpoint's Retail Portfolio.

"The centre has established itself as a convenient, unique shopping destination through an ongoing process of change, ensuring that it remains relevant to its discerning market," he adds.

"Our turnovers grew by 10% in 2013 and are (again) showing double-digit growth in 2014 as we continue to attract leading retailers," says centre manager Vanessa Blevins.