A Gauteng shopping centre has received SAPOA's Award for Innovative Property Development in the retail development category.
The 75,000sq m development gained the accolade for the development's unique design combined with its efficiency as an operation, varied tenant offering and the range of facilities available to patrons.
Situated on top of Greenstone Hill, on a 21 hectare site acquired by the Fund in 2004, the shopping centre is situated in the southwestern corner of the 4,200 hectare Greenstone Hill development (the site of the former AECI Modderfontein chemical factory.)
Greenstone Hill will be one of the largest mixed-use ventures in South Africa where commercial and residential zones will surround the retail zone. The entre will cater to the rising population densities and increasing spending power in the Hill's primary catchment area that includes the Modderfontein residential area, Edenvale, Linksfield, Linbro Park and Lombardy East.
A Pick 'n Pay Hypermarket is the anchor tenant in approx 12,000sq m. Other tenants include Woolworths, Game, Mr Price group, Clicks, Foschini Group, Truworths Group, The Hub, House and Home and Pepkor.
The most recent addition to the Greenstone Shopping Centre is the 6,000sq m stand alone Mr Price Home.
Greenstone's Dischem is the largest one in the country. Added to that more than 50 line shops, six major banks, an eight cinema Ster Kinekor complex, a bowling Centre, sit down restaurants, fast food outlets and a wide range of other services.
Readers' Comments
Have a comment or question about this article? Email us now..
Property News
Click here for more property news articles.
Need a blog?
Start your own blog with a free blog from 24.com.
