<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="-25.0083" data-lng="28.4064" data-map-catchment-data-value="{&quot;lat&quot;:&quot;-25.0083&quot;,&quot;lng&quot;:&quot;28.4064&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:250000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;50,000 People&quot;,&quot;description&quot;:&quot;Estimated population within 5-km radius around Modimolle town, core customer base&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;200,000 People&quot;,&quot;description&quot;:&quot;Estimated population within 20-50 km radius including parts of Waterberg District&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;250,000 People&quot;,&quot;description&quot;:&quot;Total estimated population in primary and secondary catchment areas&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.2&quot;,&quot;description&quot;:&quot;Annual growth rate based on Limpopo province trends from Stats SA 2024 estimates&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;28 Years&quot;,&quot;description&quot;:&quot;Median age of population in Modimolle-Mookgophong municipality, aligned with national average&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.5 People&quot;,&quot;description&quot;:&quot;Average household size in Waterberg District from Census data&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Percentage of adults with tertiary education in Limpopo rural areas, per Stats SA&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;18,000 ZAR per month&quot;,&quot;description&quot;:&quot;Estimated median income for households in Modimolle area, lower than national average of R25,000&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;35.0&quot;,&quot;description&quot;:&quot;Unemployment rate in Limpopo province, higher than national 33% per Stats SA Q2 2025&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;85 Index (SA avg=100)&quot;,&quot;description&quot;:&quot;Relative cost of living in Waterberg District compared to urban centers like Johannesburg&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;20,000 ZAR per year&quot;,&quot;description&quot;:&quot;Estimated annual retail spend per person in South African small-town malls, derived from national retail market data&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;5,000 ZAR per year&quot;,&quot;description&quot;:&quot;Per capita annual spend on apparel, based on Statista estimates for SA at ~US$93 converted to ZAR&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;10,000 ZAR per year&quot;,&quot;description&quot;:&quot;Per capita annual grocery spend, aligned with NIQ FMCG data for rural SA consumers&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;2,000 ZAR per year&quot;,&quot;description&quot;:&quot;Estimated per capita spend on electronics, from Euromonitor retail reports adjusted for region&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;400,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated yearly visitors for a small regional mall like Modi, based on similar SA centers&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;60 Minutes&quot;,&quot;description&quot;:&quot;Average time shoppers spend in mall, typical for community shopping centers&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Percentage of visitors making a purchase, standard for SA malls per industry reports&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;10,000 ZAR per year&quot;,&quot;description&quot;:&quot;Annual sales turnover per sqm, estimated from Exemplar REIT data for similar properties&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;50 Stores&quot;,&quot;description&quot;:&quot;Approximate number of shops in Modi Mall, including expansion&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Shoprite as major anchor tenant following 2021 expansion&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;Low Density&quot;,&quot;description&quot;:&quot;Few competing malls in Modimolle, primary retail hub in Waterberg&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;Medium Diversity&quot;,&quot;description&quot;:&quot;Mix of food, apparel, and services tenants, per retail development descriptions&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;5 Concepts&quot;,&quot;description&quot;:&quot;Specialty stores or pop-ups, estimated for regional mall&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;22,510 sqm&quot;,&quot;description&quot;:&quot;Total GLA including 5,054m² expansion, estimated from Exemplar REIT reports&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;1 Levels&quot;,&quot;description&quot;:&quot;Single-level shopping center typical for town malls&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;150 ZAR per month&quot;,&quot;description&quot;:&quot;Average leasing rate for regional SA malls in Limpopo&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;4.0&quot;,&quot;description&quot;:&quot;Low vacancy aligned with national mall average of ~3-5% in 2024&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium Flexibility&quot;,&quot;description&quot;:&quot;Standard 3-5 year terms with some negotiation for small tenants&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;1,000 m²&quot;,&quot;description&quot;:&quot;Estimated current available space based on low vacancy&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Adjacent Proximity&quot;,&quot;description&quot;:&quot;Direct access to N1 highway, key for regional traffic&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Bus services Access&quot;,&quot;description&quot;:&quot;Local bus connections from Modimolle and surrounding areas&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;500 Spaces&quot;,&quot;description&quot;:&quot;Estimated parking capacity for mall size, including open lot&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Moderate Traffic&quot;,&quot;description&quot;:&quot;Foot access from town center, moderate daily walkers&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High Competition&quot;,&quot;description&quot;:&quot;National online retail growth at 35% in 2024 impacting physical sales&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;10.0&quot;,&quot;description&quot;:&quot;Adoption rate for in-mall pickups, growing in SA per World Wide Worx&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;60.0&quot;,&quot;description&quot;:&quot;Internet access in Limpopo households, per Stats SA&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;2 Incidents per 1,000 visitors&quot;,&quot;description&quot;:&quot;Low crime rate in small-town mall, estimated from SA retail averages&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV and guards Measures&quot;,&quot;description&quot;:&quot;Standard security including surveillance and on-site personnel&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;12 Events per year&quot;,&quot;description&quot;:&quot;Annual events like sales and local festivals, typical for community malls&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Participation in mall or tenant loyalty programs among locals&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Digital displays for promotions in modernized mall&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;3.0&quot;,&quot;description&quot;:&quot;Expected growth based on population trends and retail recovery&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;5 Tenants&quot;,&quot;description&quot;:&quot;Planned new stores from Exemplar REIT development pipeline&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Completed 2021 Plans&quot;,&quot;description&quot;:&quot;Recent expansion with Shoprite; no major new plans announced&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[],&quot;secondary&quot;:[],&quot;outside&quot;:[{&quot;id&quot;:6840,&quot;slug&quot;:&quot;the-carousel-casino-and-entertainment-world&quot;,&quot;name&quot;:&quot;The Carousel Casino And Entertainment World&quot;,&quot;lat&quot;:&quot;-25.31045&quot;,&quot;lng&quot;:&quot;28.29283&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;The Carousel Casino and Entertainment World is situated in Babelegi, Moretele Local Municipality, North West Province, South Africa, approximately 45 km north of Pretoria. Originally opened in the 1990s as a casino with entertainment facilities, including 688 slot machines, 19 table games, a hotel, and conference spaces, the property spans 500 hectares and served as a key economic hub for the local community. In 2020, Sun International sold the casino license, leading to a closure and subsequent redevelopment under new ownership. The multi-phase revival, valued at R500 million, aims to transform it into a sustainable multi-use precinct focusing on tourism, events, and leisure. Phase 1 (ongoing in 2025) includes upgraded MICE facilities for 1,000 attendees, enhanced accommodation, and an eco-estate. Phase 2 (2026-2027) introduces a motorsport raceway, residential developments, festival grounds for 20,000 visitors, and retail expansion adding 6,800 m² to create a 31,000 m²+ center with a diverse tenant mix emphasizing F\u0026B, lifestyle, and convenience retail. Phase 3 (2027) features conservation tourism like elevated trails and themed parks. The project is expected to create 900 jobs (600 construction, 300 permanent) and boost local economy in an area with high unemployment. Market position: As the primary entertainment and retail node in Moretele, it targets local township residents and day-trippers from Gauteng metros, leveraging proximity to urban centers while addressing rural undersupply. Tenant mix will balance anchor entertainment draws with everyday retail to drive footfall, estimated to increase via events and tourism. Leasing advantages include competitive rents in an emerging market (estimated R150-250/m²/month based on regional averages), turnover rent options tied to casino/tourism traffic, and municipal support for development. However, challenges encompass transitional disruptions, limited current occupancy post-closure, and reliance on redevelopment success for sustained performance. Overall, it offers potential for retailers serving middle-low income demographics but requires caution on execution risks and market saturation in basic goods categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Babelegi&quot;},&quot;anchor_tenants&quot;:&quot;Checkers Hyper, Dis-Chem&quot;,&quot;distance&quot;:35.49,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;31000&quot;,&quot;anchor_tenants&quot;:&quot;Checkers Hyper, Dis-Chem&quot;}}]}" data-map-update-url-value="/malls/modi-mall" id="mall-map-wrapper"><div data-city="Modimolle" data-current-mall="true" data-id="modi-mall" data-lat="-25.0083" data-lng="28.4064" data-map-target="mall" data-name="Modi Mall" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">50,000 People</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">200,000 People</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">250,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.2</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">18,000 ZAR per month</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">35.0</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">85 Index (SA avg=100)</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">20,000 ZAR per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">5,000 ZAR per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">10,000 ZAR per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">2,000 ZAR per year</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">400,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">60 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">20.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">10,000 ZAR per year</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">50 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">Low Density</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">Medium Diversity</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">22,510 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">1 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">150 ZAR per month</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">4.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Adjacent Proximity</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Bus services Access</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">500 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">Moderate Traffic</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High Competition</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">10.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">60.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">2 Incidents per 1,000 visitors</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">CCTV and guards Measures</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">12 Events per year</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">20.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">3.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">5 Tenants</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Completed 2021 Plans</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>