Johannesburg, October 2025 — AJP Properties, one of South Africa’s most forward-thinking and community-driven property companies, is proud to announce a strategic and transformative expansion of Steeledale Mall—signalling a new chapter of growth, modernisation and enhanced convenience for the Steeledale community and its surrounding neighbourhoods.

In a move that reflects AJP Properties’ continued commitment to strategic growth and high-quality development, the Group has acquired the adjoining 7 000 m² property adjacent to Steeledale Mall. Once merged with the existing development, the enlarged site will offer over 30 000 m² of prime, fully integrated leasable retail space, setting the stage for one of the most impactful mixed-use expansions in the area’s recent history.

A Bold Expansion That Brings National Retail Power to Steeledale

This milestone development, already underway, will be anchored by retail heavyweight Shoprite, bringing a powerful commercial drawcard to Steeledale Mall. The expansion will also introduce a variety of new national retailers, providing residents with greater choice, improved accessibility, and a modern retail mix tailored to everyday needs.

Construction and integration of the new precinct into the existing mall are set to conclude in the second half of 2026, after which Steeledale Mall will stand as a stronger, more vibrant, and future-ready commercial hub.

More Than Construction — A Community Investment

While the physical expansion is an exciting infrastructural milestone, the heart of this project lies in its commitment to uplift the community.

The upgraded Steeledale Mall will offer:

• Greater convenience with more retail options closer to home
• Improved shopping experiences through modern, spacious and accessible design
• Enhanced safety and traffic flow around the centre
• New job opportunities during construction and long-term retail placement
• A stronger economic ecosystem that stimulates local business growth
• A refreshed community nucleus where families can shop, connect and gather
• Better accessibility with upgraded entrances, parking and pedestrian areas

AJP Properties believes that meaningful development is not just about building structures—it is about building futures. This expansion embodies exactly that: the creation of a sustainable commercial environment that enriches the lives of residents and strengthens community ties.

AJP Properties: Raising the Standard in Modern Real Estate

This bold investment underscores AJP Properties’ ongoing vision to shape premium, people-centric spaces across Gauteng. Known for its strong portfolio of community malls, retail centres, and commercial developments, the Group continues to set itself apart through strategic growth, innovation and a commitment to excellence.

The Steeledale Mall expansion is another defining step in that journey—a reflection of AJP Properties’ strategic foresight and its dedication to delivering developments that balance commercial success with community wellbeing.

A Message to Our Tenants and Shoppers

With civil construction activity now underway, AJP Properties extends its sincere appreciation to tenants and customers for their patience and understanding.

We acknowledge that this process may bring periods of inconvenience; however, every temporary disruption is paving the way to something exceptional.

We assure you that the completed development will introduce a renewed, modern, and exciting shopping experience—one that elevates Steeledale Mall into a premium retail destination designed with you in mind.

Thank you for your continued support as we build a brighter, bigger, and better future for Steeledale.

AJP PROPERTIES

Shaping communities. Elevating experiences. Building tomorrow.