Vestsec Ten (Pty) Ltd purchased the Queens Mall in July 2009. The company consists of 13 shareholders, of which Klein Karoo Fund is one, owning 11.24% of the available shares. KKF invested R2m in the Queens Mall with an projected capital growth of 7.5% per annum. The capital growth is currently close to 25% per annum, with a very lucrative Return on Investment.

This outstanding shopping mall is situated in the heart of Oudtshoorn in Voortrekker Street, on the main route to George, Mossel Bay, Cape Town and the N1 to Gauteng. The Queens Mall has become the leading retail destination in Oudtshoorn and also acts as the regional retail centre for the greater Klein Karoo area. Apart from the historic commercial hub in High Street and Baron van Rheede Road, the Mall is the only viable commercial destination in Oudtshoorn.

The Queens Mall has a Gross Building Area of ± 10,000m² and a lettable area of 8,187m². The current tenant mix attracts diverse shoppers from all walks of life and covers various brands and shopping conveniences. The anchor tenant is Pick & Pay with Mr Price Home, Steers, Fish Aways and Fruit & Veg among others. Directors of the Vestsec Ten are Hein Jonker, Viljee Keller, Alie Killian, DeVilliers Neethling, Johan Smit and Pieter van Greunen. Mr’s Neethling and Killian are executive directors, while the KKF management office, manages the day-to-day activities.

Contact the KKF office at (044) 279 2756 or kkfonds@mweb.co.za for any inquiries.

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