02 Feb 2012
The 16 108 square metre community centre will be anchored by Pick n Pay with a store measuring 3 112 square metres and 40 shops, plus generous parking, excellent access to public transport and an adjacent existing taxi rank.
Retailers include Ellerines, Bears, OK Furniture, Geen & Richards, McDonalds, Steers, Debonairs, Old Mutual, Nedbank, KFC and Cashbuild that have identified the centre as providing excellent access to Diepkloof the consumer market.
Diepkloof Square is being developed by McCormick Property Development who have pioneered retail development within the South African emerging market since 1983 with 49 completed developments to its name to date.
McCormick has partnered with the Shanduka Group a leading African black owned and managed investment holding company for the development of Diepkloof Square.
The leasing of Diepkloof Square is being done by Retail Network Services (RNS) - a full-service specialist retail leasing company with successes the likes of Pan Africa Shopping Centre in Alexandra, Edendale Mall in Pietermaritzburg, Mdantsane City in East London, Tsakane Mall in Springs and Jabulani Mall in Soweto.
The construction of Diepkloof Square commenced in December 2011.
Diepkloof Square will be the ideal convenient retail destination for residents of the area and compliment the surrounding community facilities already well established and supported, explains Gavin Tagg of RNS.
It is located in Diepkloof Extension 3, with excellent visibility and access from the main arterial road serving Diepkloof, Immink Road, and with close proximity to the N1 Highway.
“Diepkloof is a community that is showing steady growth and attracting an increasing number of middle-class and aspirant residents,” says Tagg.
The suburb is characterised by strong community facilities including a school, clinic, taxi rank, Post Office and Community Hall, all of which serve to create a vibrant node for its residents and, importantly, form a natural retail node, he says.
At the core of all these activities, Diepkloof Square will provide quality retail in a smart, modern setting giving residents and passing trade easy access to convenience shopping.
Jason McCormick, managing director of McCormick Property Development, says knowing that Diepkloof Extension is one of the wealthiest township suburbs in the country, they realised that their design and tenant offering had to go above and beyond traditional centre offerings.
As such, he says they have put a lot of emphasis into the covered food court area that will provide a meeting place of relevance for the community.
McCormick says the tenant mix was chosen to further mirror the up-market nature of the development while still offering a large array of grocery and food stores to cater across income groups.
“It is about creating a shared space that provides more than simple goods and services, but a town square feel that will further engender a sense of community for the Diepkloof residents.”
Diepkloof Square is set to become the dominant retail node within the Diepkloof area, says Tagg.
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