It is currently witnessing growth year-to-date with turnover at 34% ahead of 2021 figures. The centre opened its doors with 117 tenants, and it has grown to 370 retailers today, 54 of whom have been trading since the beginning. Informed by the thinking behind the likes of the Mall of America and West Edmonton Mall, Gateway was designed to open out onto Palm Boulevard and integrate with the evolving Umhlanga New Town Precinct. It remains one of the largest malls in the southern hemisphere and one of the top 100 largest malls in the world. OMP’s bold decision in 1998 to build a super-regional mall in a field of sugarcane came with significant risks,” comments CEO of Old Mutual Properties, Sakina Nosarka.Īt its inception, the R1.4 billion asset played a fundamental role in the broader R3.5 billion plus development of the KZN North Coast as the ‘anchor tenant’ to the New Town Centre. “ Gateway has proven to be one of the biggest retail success stories in the country. Old Mutual Properties’ Gateway Theatre of Shopping is celebrating its 21st birthday.
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