Name of the Project
Maluti Crescent shopping centre expansion and redevelopment.
Location
The project is located in Phuthaditjhaba, in the Free State.
Client
Real estate investment trust Vukile Property Fund.
Project Description
The project entails the expansion and redevelopment of the shopping centre. The project will add 12 357 m2 to the centre, taking it to a total 34 360 m2. Simultaneously, the development will transform Maluti Crescent from a strip mall to a modern, enclosed shopping centre. The project will also add a new undercover taxi rank of 100 bays and more parking.
Jobs to be Created
None stated.
Value
R338-million.
Duration
Construction started in August 2017 and is scheduled for completion in October 2018.
Key Contracts and Suppliers
Shopping centre developer and leasing specialist Flanagan & Gerard Property Development and Investment is the development manager for the project.
On Budget and on Time?
None stated.
Contact Details for Project Information
Vukile Property Fund, CEO Laurence Rapp, tel: 011 288 1000.