R3.5bn Mall of Africa counts down to 2016 opening
From Creamer Media in Johannesburg, this is the Real Economy Report. Almost a year before Waterfall Estate’s sprawling Mall of Africa, in Midrand, is due to open its doors to the public, property developer Atterbury reports that development of the flagship development remains firmly on track, with some 83% of gross lettable area already tenanted. Natalie Greve visited the site in April to report on its progress.
Natalie Greve:
The so-called “super-regional” shopping centre would, once completed, offer 130 000 m2 of retail space, becoming the largest retail development on the continent to have been developed in a single phase and occupying the “heart” of the mixed-use Waterfall City development.
Atterbury Development head Cobus van Heerden told Engineering News during a tour of the development that it had already become a landmark and point of reference in the greater Johannesburg area.
Atterbury Development head Cobus van Heerden
Natalie Greve:
The mall’s top level would boast a 4 500 m2 undulating steel and glass roof with curved bulkheads that allowed daylight entry, as well as a “luxury mall” section offering high-end brands and a champagne bar.
It would also offer executive services, such as valet parking, hands-free shopping and free parking.
At the centre of the mall, the interior would open up onto an exterior restaurant area and the “green lung” of the Waterfall City development – a large park that extended towards the bottom of the mixed-use development.
Van Heerden said Atterbury had made efforts to include green building materials and features, but disclosed that the building had not been rated by the Green Building Council of South Africa.
Cobus van Heerden
Natalie Greve:
The mall would also be serviced by the Gautrain bus and talks were currently under way to possibly extend the city’s bus rapid transit system to link the development to other parts of the city region.
It also offered 6 500 parking bays for customers with their own transport.
Shannon de Ryhove:
Other news making headlines this week: Namibia’s mining industry is pulling together to boost that country’s economy; and Mata secures European accreditation for aircraft maintenance courses.
Despite the Namibian economy being tied to the South African economy, it has been able to grow ahead of South Africa, which a leading mining investment banker puts down to Namibia’s “sensible” mineral policies, as well as the Namibian mining industry’s close working relationship with its government.
Nedbank Capital mining and metals investment banking head Paul Miller
East Rand-based Mega Aero Training Academy has secured European accreditation and recognition for its aircraft maintenance courses.
Mata MD Nico Duvenage
That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy.
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