Vukile Property Fund has completed a 13 million R225 million upgrade of the Mall of Mthatha, marking a major reset for the Eastern Cape retail center under South African executive Laurence Rapp. This follows its R800 million 46.13 million acquisition of the former BT Ngebs Mall in May 2024 in partnership with Flanagan Gerard Property Group.
The relaunched mall opened its doors this week, drawing local officials, business owners and community representatives. For Vukile, the investment is positioned as a long-term pledge to a region that has struggled to attract large-scale private capital.
Commitment to place and people