Sunday, March 4, 2012

China Town retail park launched in Ottery.(News)

BYLINE: EMILY PURSER

THERE are more than just Paralympics medals coming to South Africa from China this month: Cape Town's own China Town has opened in Ottery.

The property company Redefine Income Fund has invested R45 million in a retail park adjoining the Ottery Hypermarket, which accommodates 48 retail units selling predominantly Chinese imports.

The idea for the development of a China Town in a modern open-air mall has been inspired by the success of three similar shopping centres in Gauteng.

The centre is managed by a consortium of Chinese and South African businessmen who, as partners in the China Town Trust, were consulted about the …

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