--- title: "Vukile and Flanagan and Gerard take ownership of BT Ngebs" description: "BT Ngebs City has transferred into the skilled hands of its new retail property specialist co-owners, Vukile Property Fund and Flanagan & Gerard Property Group." image: https://www.vukile.co.za/wp-content/uploads/2024/04/20170317_1608_52.jpg canonical: https://www.vukile.co.za/news-and-insights/vukile-and-flanagan-gerard-take-ownership-of-bt-ngebs-city-in-r800-million-deal/ url: https://vukile.getmd.ai/news-and-insights/vukile-and-flanagan-gerard-take-ownership-of-bt-ngebs-city-in-r800-million-deal/.md last_converted: 2026-05-14T16:19:14.267Z --- BT Ngebs City in Mthatha, Eastern Cape, has transferred into the skilled hands of its new retail property specialist co-owners, Vukile Property Fund and Flanagan & Gerard Property Group. The process for the R800 million acquisition began in 2022 and has now been finalised, with each owner holding an equal share in this regional shopping centre. The transfer also signals the green light to commence with major refurbishment plans tobring the mall in line with the high standards of the new owners, while improving the overallretail experience for customers from this community and its surrounds. The redevelopment of the regional mall will bring significant improvement in its dynamics,flows and synergy with the neighbouring Mayfair Hotel and Casino. The introduction ofescalators connecting the basement carpark directly to the retail level will streamline flowand interaction, create ease of access and shopping convenience. Mall lobbies will beintroduced to the basement parking level, connecting the new escalators to key tenants onthe retail level above. Tenant signage will be vastly improved giving customers a sense ofdirection and comfort with the mall layout. Major upgrades are planned for the main mallentrance, bringing theatrical elements and a vibrant atmosphere to strengthen theconnection with the adjacent Casino and Mayfair Hotel. The combination of new owner-operated restaurants, thoughtful landscaping, and an enhanced overall vibe will contribute tothe revitalization of this precinct, offering a more engaging and appealing experience forvisitors from the region. The mall’s retail mix will also be energised, bringing new retailers to the centre. Additionalretailers focusing on first order goods will be introduced in conjunction with an additionalpharmacy. This will bolster the current tenant mix which includes the likes of Pick n Pay,Checkers, Woolworths and Clicks. In addition, its popular selection of fashion brands,including Truworths, Foschini, Edgars, Mr Price, Ackermans, Refinery, Archive, Timberland,Fabiani, G-Star Raw, Spitz, Soviet and Bogart Man will be expanded with an even widerarray of offerings. Both Queenspark and Pick n Pay Clothing have recently joined BT NgebsCity. **Paul Gerard, MD at Flanagan & Gerard, comments**, “BT Ngebs City has all theingredients to be an exceptional retail asset in our portfolio. Its great location, access andvisibility make it a popular shopping destination. We are excited to work with Vukile to unlockthe mall’s potential and performance and offer shoppers a wider choice of attractive retail.” **Itumeleng Mothibeli, MD SA at Vukile, remarks**, “BT Ngebs City serves a crucial customerbase within the South African retail sector and expands our existing investment in high-performing township and rural malls. It is an asset with excellent potential. Vukile’sinvestment and active asset management, together with that of Flanagan & Gerard, willcontinue the positive social and economic influence of BT Ngebs City for customers andcommunities in Mthatha and the region.” Vukile and Flanagan & Gerard have collaborated on various award-winning retail propertyinitiatives, and they are now joint owners of three property assets. Their other co-ownedassets include Thavhani Mall in Thohoyandou, Limpopo, and Springs Mall in Ekurhuleni,Gauteng. [Press Release](https://www.vukile.co.za/news-and-insights/category/press-release/) - 23 April 2024 - By Vukile Press Team ** ** ** **