Photo by: Duane Daws
Property group Hyprop Investments concluded the R930-million redevelopment of Johannesburg’s Rosebank Mall with the opening of a flagship 9 000 m2 Woolworths store on Thursday.
“With the opening of this final anchor tenant, we are happy to announce the successful conclusion of one of our largest developments to date.
“We remain confident the mall can capitalise on strong footfall in the area, as Rosebank is one of South Africa’s most cosmopolitan urban centres, close to a range of world-class amenities, the Gautrain rail node and premium international hotels,” commented Hyprop CEO Pieter Prinsloo.
South Africa’s third-largest listed property fund started construction in September 2012, doubling the mall’s size to 62 000 m2 of lettable area.
The mall now boasted about 160 stores, including new tenants and anchor tenants, such as a full-line Woolworths Platinum store, a double-level Edgars department store, a Dis-Chem, a Mr Price Sports and a Jet store.
In addition to adding significant new retail space, the centre was also refurbished with new lifts, escalators, ablutions, floor tiles, ceilings, lighting and shopfronts.
Five new basement parking levels were constructed during the redevelopment.