04 Nov 2010
A new R80-million shopping centre, known as the eSikhaleni Plaza, has opened in the uMhlathuze municipal area near Richards Bay in northern KwaZulu-Natal. The development is aimed at the rural people of the region and is expected to create at least 500 jobs.
The site was bought from the uMhlatuze council in 2006 but a lengthy environmental approval process delayed construction, which only started in January this year. The first phase of the project created a regional shopping centre that is almost 12 000 sqm in extent.
The second phase will add a further 3 000 sqm and is due for completion in June next year. As part of the environmental approval, the stream on land adjacent to the mall had to be rehabilitated and this site will become part of a greenbelt within the shopping centre.
Mike Graham, one of the shareholders in the project, says Nedbank provided an 85% bond for the eSikhaleni Plaza while the shop owners, architects, engineers and even the letting agents invested their own money or their fees in this project to make it work.
Apparently national franchises make up about 70% of the tenants at the Plaze and include Shoprite, OK Furniture and Hungry Lion. Other stores comprise clothing and shoe shops, an optician and branches of five South African banks.
There are 400 parking bays and a play area for children.
Readers' Comments Have a comment about this article? Email us now.
About the Author
House for sale in Eden Glen R 3 550 000
House for sale in Bram Fischerville R 370 000
House for sale in Sarepta R 520 000
House for sale in Protea Glen R 600 000
Apartment / Flat for sale in Pretoria Central R 295 000
Commercial Property for sale in Northcliff R 8 900 000
Apartment / Flat for sale in Hatfield R 640 000
Townhouse for sale in Highveld R 1 550 000
House for sale in Stilfontein Ext 4 R 702 000
House for sale in Sinoville R 1 295 000
If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.
For the best browsing experience update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.
Please contact our Customer Service Centre for further assistance. Tel. +27 (0)861 111 724