Developers break ground on R850m Springs Mall
Construction on a R850-million, 52 000 m2 regional mall in Springs, Ekurhuleni, kicked off this week after developers and joint venture owners Flanagan & Gerard, Blue Crane Mall and the Giuricich Brothers turned soil on the project, which was expected to boost the local economy by R1.2-billion.
The Springs Mall at Blue Crane Eco Park was set to open in 2016 and was expected to create an “enduring legacy” of positive social and economic impacts in the city and the region, shopping centre development and investment company Flanagan & Gerard executive director and founder Patrick Flanagan explained.
The project would draw the R300-million to R500-million retail revenue currently being spent elsewhere as the region remained underserved.
The project was also expected to create valuable employment opportunities, with the developers “working hard” to ensure the Springs community benefitted from the mall’s construction and the operation of its retailers, Springs resident and Blue Crane Mall businessperson Franco D’Arrigo said.
Between 500 and 700 jobs would be created during the construction phase of the two-level shopping centre, with a further 1 200 to 1 500 sustainable jobs to be created upon opening.
The mall was expected to offer a “complete shopping experience” and had two national supermarket chains as anchor tenants, complemented by two large national fashion retailers.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation