EC's two biggest malls officially transferred to new owners
19 Mar 2024
Two of Eastern Cape's largest shopping centres, Baywest Mall in Nelson Mandela Bay and Hemingways Mall in Buffalo City have changed hands. The iconic super-regional malls, which have been in business rescue since 2022, were sold to South African property company, Hangar 18, for R1.3-billion each in September 2023 and have now transferred to their new owners.