Kaiti Mall up for sale

City’s biggest mall goes on the market.

City’s biggest mall goes on the market.

After 30 years of ownership, Mayor Meng Foon and brother Richard are selling Kaiti Mall. The almost five-acre tenanted property is advertised in today’s Gisborne Herald property supplement. The decision to sell the shopping centre and community hub was hard but the brothers are looking to the future, says Mr Foon. Tenancy at the mall had changed during the past 30 years but it was still a vibrant place. “Our tenants have been marvellous,” says Mr Foon. “They have worked hard to service our community and the mall is very well-patronised.” Picture by Paul Rickard

Kaiti Mall co-owners Meng Foon and his brother Richard Foon have put the shopping centre and Kaiti community hub on the market.

The brothers have owned the mall for 30 years and are now looking to the future, says Mayor Meng Foon.

“As a family we are growing older and, with our children and grandchildren, it is time to think about the future.

“We want to make distribution easier for us while we are still able to support our families.”

The decision to sell was not an easy one, he says.

He and Richard have enjoyed their investment and have a close connection with the Kaiti community.

“The community has been very kind to us. We have been well supported and at one time ran three businesses there, including a vege shop.

“Our tenants have been marvellous. They have worked hard to service our community and the mall is very well patronised.”

Sited on almost five acres, Kaiti Mall is the biggest shopping centre in Gisborne but is more of a community centre. The mall has a nostalgic look and feel and is timeless in its services to the community, Mr Foon says.

“People love it and have a strong sense of belonging. They care for the environs and the community. We see the new buyer modernising the look of the mall and adding to services that are already there.”

Kaiti Mall co-owners Meng Foon and his brother Richard Foon have put the shopping centre and Kaiti community hub on the market.

The brothers have owned the mall for 30 years and are now looking to the future, says Mayor Meng Foon.

“As a family we are growing older and, with our children and grandchildren, it is time to think about the future.

“We want to make distribution easier for us while we are still able to support our families.”

The decision to sell was not an easy one, he says.

He and Richard have enjoyed their investment and have a close connection with the Kaiti community.

“The community has been very kind to us. We have been well supported and at one time ran three businesses there, including a vege shop.

“Our tenants have been marvellous. They have worked hard to service our community and the mall is very well patronised.”

Sited on almost five acres, Kaiti Mall is the biggest shopping centre in Gisborne but is more of a community centre. The mall has a nostalgic look and feel and is timeless in its services to the community, Mr Foon says.

“People love it and have a strong sense of belonging. They care for the environs and the community. We see the new buyer modernising the look of the mall and adding to services that are already there.”

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Maaka Rewiri - 5 days ago
Our Mayor has done wonderful things to my hometown Gisborne. But in the 44 years I've walked at the Kaiti mall, honest to goodness I never saw Meng Foon once. I've lived in Kaiti all my life.

Alexander Sutton, Clive - 5 days ago
The opening of GSF Supermarket in late 1967 was the beginning of what certainly has been the hub of outer Kaiti for over 50 years. As the first manager from some months before the opening, laying out and supervising that operation in following years, it certainly gives me pleasure to still read of the operation of it today. Good luck with the sale Meng.

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