The Public Investment Corporation (PIC) has partnered with Isibonelo Property Services on the construction of Tshwane Regional Mall (TRM) in Denneboom, Mamelodi in South Africa that commenced in June 2016.

It is estimated that the mall will cost R996m to construct, with part of funding provided by the PIC.

Daniel Matjila, PIC CEO, said: “The PIC is pleased to have partnered with Isibonelo Property Services to construct the Tshwane Regional Mall. This is done in line with our developmental investment mandate, in terms of which we seek to generate returns for our clients whilst at the same time contributing to the development of the areas in which we are invested.”

“Most importantly, we are delighted about the job creation prospects as this can have huge impact in the lives of the local people,” he said.

The inter-modal premises are within reach, expecting 3000 taxis to operate on site daily and providing easy access to the train facilities as well as buses.

Moreover, there is a plan to link the mall with other transport modes such as Tshwane Rapid Transit (TRT), Bus Rapid Transit (BRT) and moot Gautrain routes.

The mall has allocated some of the total gross lettable area as follows: some 17 403 sq. for fashion, 12020 sq. groceries, 8188 sq. general stores, 5031 sq. fast food; sit down restaurant & food court seating and the remainder to government, medical services, general stores, homeware, healthy & beauty and financial services.

As part of bringing change to the Mamelodi community, Tshwane Regional Mall (TRM) will incubate approximately 600 informal traders through supplying upgraded facilities to operate from.

Over and above the business incubation facilities, the project aspires to afford the community of Tshwane Region 6 (Mamelodi and surrounding areas) with approximately 3750 job opportunities.

Pre and during construction there is an expectancy of 1500 job opportunities.

Post construction an amount of 2250 with the jobs coming from retail, cleaning, security and maintenance.

Shadrack Mthethwa, CEO of Isibonelo Property Services, said: “We look to have continue a strong partnership with the City of Tshwane as we work together to support and align TRM with the Metropolitan’s vision 2055, which amongst others seeks to improve the lives of its residents through providing access to economic opportunities by ensuring quality mobility.”