GEORGE BUSINESS NEWS - The Market Mall in Market Street has been sold for an undisclosed amount to Plettenberg Bay businessman Hilton Nagel. The seller was Myrtle Urban Will Trust.
Talking to the George Herald about his acquisition, Nagel said George has one of the prettiest CBDs in the country and the building is in a good location with the George Civic Centre and municipal buildings nearby, as well as attractive Meade Street with its restaurants in the vicinity. It also abuts Van der Stel Square.
"The building has 12 tenants, most of whom have been there for more than eight years," he said.
Shops in the mall include Menachee's (Indian restaurant), Cell and Leather Collection, Oom Bul's restaurant and catering, and Quickfin. Asked about challenges like petty theft and the shabby appearance of certain areas in the CBD, Nagel was positive that these issues can be tackled by the various landlords and George Municipality together.
"I have already removed a lot of garbage and started cleaning up in and around my building and painting will be done in the next couple of weeks." One of the tenants complained about the rental that has gone up, but, said another, they have been paying the same rental for a number of years and if the building is to be properly maintained, they willingly pay the increase.
Golden Harvest
Golden Harvest, a landmark business in George, is rumoured to have changed ownership, but general manager Basilis Apostellis told the newspaper that this is not true.
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