Est: Completion Date
November 2026
Value
R388 Million
Current Status
In Progress
Extent
18 000m²
Property Type
Shopping Centre
ntuzuma junction
The proposed Ntuzuma Junction retail development is strategically located in Ntuzuma G, a densely populated, predominantly low-income residential area with strong consumer demand for accessible convenience retail. The area has an estimated 2020 per-capita annual income of R33 100 and supports a population of approximately 119 500 residents across 29 000 households, generating an estimated retail buying power of R1.5 billion. This level of retail expenditure indicates the market’s capacity to support up to 40 000 m² of formal retail space. Situated along key local feeder routes within Ntuzuma, the site benefits from high visibility and accessibility, with traffic volumes ranging between 700 and 1 000 vehicles per hour, reinforcing its suitability for a high-footfall retail node. The proposed Ntuzuma Junction development will comprise approximately 16 993 m² of gross lettable area across two primary retail trading levels and will be anchored by dual national grocery retailers, positioning the centre as a dominant convenience shopping destination serving Ntuzuma and surrounding communities..
Why invest in ntuzuma junction
8. AJ Property Holdings is seeking a strategic development funding partner to enable the implementation of the Ntuzuma Junction retail development. AJ Property Holdings will be retained as development and leasing manager, leveraging its proven national track record in delivering successful retail shopping centres across South Africa. Newlistar will contribute the land as its equity injection and is seeking a funding partner to fund its equity shortfall via an equity loan, with Newlistar’s maximum shareholding dilution capped at 40%. The development is structured on a conventional 70/30 funding model, with total equity of approximately R112 million. Newlistar’s contribution comprises land equity of R17.4 million and an equity loan of R27.4 million, with the funding partner contributing equity of approximately R67.2 million. Ntuzuma Junction is construction-ready, with eThekwini Municipality approvals already secured and the minimum 70% pre-letting requirement expected imminently as several national tenants progress through approval processes. Securing the required equity will unlock full development funding, allowing construction to commence and positioning the centre to open in early to mid-2026.
Ntuzuma Junction is a strategically planned convenience shopping centre designed to serve the high-density residential communities of Ntuzuma and surrounding areas. The development will deliver a strong, value-driven tenant mix anchored by national grocery retailers and supported by essential services, affordable fashion, healthcare, cellular and technology stores, and everyday convenience retail. Positioned along key local feeder routes with high pedestrian and vehicular footfall, Ntuzuma Junction is purpose-built to meet genuine community retail demand while maximising turnover potential and sustainable trading performance. The centre is designed to support consistent foot traffic, strong monthly spend cycles, and long-term tenant retention, positioning Ntuzuma Junction as a dominant neighbourhood retail destination within the northern Durban township market.
Location & Accessibility
Ntuzuma Junction is centrally positioned within the high-density Ntuzuma G area along key local feeder routes, offering strong visibility and easy access for both pedestrians and vehicles.
Its close proximity to surrounding residential areas and public transport supports consistent footfall, reinforcing the centre’s role as a convenient neighbourhood shopping destination.
Transport Connectivity
Ntuzuma Junction is well supported by established public transport networks, including taxi and bus routes that service Ntuzuma and surrounding areas. The centre’s location allows for convenient drop-off and pick-up points, making it easily accessible for daily commuters and pedestrians. Strong transport connectivity enhances shopper convenience, supports high-frequency visits, and strengthens the centre’s position as a primary convenience retail destination within the local catchment.
retail catchment potential
The centre draws from surrounding residential neighbourhoods with consistent monthly spending patterns, supporting high-frequency shopper visits.
This solid catchment base underpins sustainable turnover levels and long-term retail viability.
Site advantages
The centre draws from surrounding residential neighbourhoods with consistent monthly spending patterns, supporting high-frequency shopper visits.
This solid catchment base underpins sustainable turnover levels and long-term retail viability.
Development Leasing status
Market & Demographic Potential
Ntuzuma Junction is located within a densely populated, predominantly low-income market characterised by strong demand for affordable, convenience-led retail. The area supports a large household base with predictable monthly spending cycles, creating consistent demand for groceries, value fashion, healthcare, and everyday services. These demographic fundamentals underpin resilient trading performance and long-term retail sustainability.
growing and under-served community
Ntuzuma Junction serves a growing and historically under-served community with limited access to formal retail infrastructure. Ongoing population growth and increasing consumer demand for convenient, value-driven shopping create a strong opportunity for a well-located neighbourhood shopping centre that meets everyday needs and captures sustainable local spend.
Estimated Catchment Population
Consumer Profile
The Ntuzuma Junction consumer base is predominantly value-conscious, driven by households with predictable monthly income and spending cycles. Shoppers prioritise essential goods, affordable fashion, healthcare, cellular services, and convenient food offerings, supporting high-frequency visits and resilient, necessity-led retail demand.
Retail Opportunity
Ntuzuma Junction presents a strong retail opportunity within a densely populated market that is currently under-served by formal shopping facilities. High demand for accessible convenience retail, combined with limited immediate competition, creates favourable conditions for strong tenant performance, consistent footfall, and sustainable long-term trading.
Key Spend Categories
Key spend categories at Ntuzuma Junction are driven by everyday necessity and value-led consumption, including groceries and household essentials, affordable fashion and footwear, healthcare and personal care, cellular devices and airtime, and fast food and takeaway offerings. These categories support frequent shopper visits and stable, repeat retail spend.