eProp Commercial Properties South Africa Register | Login | Request Space | PropAlerts | StockShare | PropServices | Search   
Skip Navigation Links
  Property News Home  |  Glossary  |  Newsletter Archive  |  In Brief
Member Login
Login
Password
   Forgot 

Brandwag

Brandwag Retail To Let

Brandwag Bloemfontein

Property listed by:
Eris Property Group

view property details


Property News
Skip Navigation Links
Property News
General Property NewsExpand General Property News
Sector NewsExpand Sector News
Bulk infrastructureExpand Bulk infrastructure
Regional News
GautengExpand Gauteng
Western CapeExpand Western Cape
KwaZulu-NatalExpand KwaZulu-Natal
Eastern CapeExpand Eastern Cape
Other Regional NewsExpand Other Regional News
Industry
Industry NewsExpand Industry News
Company NewsExpand Company News
TechnologyExpand Technology
Legislation
Legal and PolicyExpand Legal and Policy
Property Research
ResearchExpand Research
Property EducationExpand Property Education
Property Investor
Property InvestmentExpand Property Investment
Market ReportsExpand Market Reports
Events
EventsExpand Events
International
InternationalExpand International

 Print   Email Featured >> Over The Greens Mount Edgecombe   | Emerald Park   | Sheldon Place   | Over The Greens Mount Edgecombe   | 
Eastern Cape

Big splash planned for beach complex

18 Mar 2010 - I-Net Bridge -

Intro
Mandela Bay Municipality’s human resources committee has agreed to extend the management deal with Bel-Essex for the McArthur Pools that will see major renovations.

By Patrick Cull

The Nelson Mandela Bay Municipality’s human resources committee has agreed to extend the management deal with Bel-Essex for the McArthur Pools for a further 10 years that will see major renovations and the possible enlargement of the restaurant if approval is given by the Provincial Heritage Resources Authority.

The committee endorsed a recommendation without discussion.

The intention, if permission comes from the heritage agency timeously, is to have the new restaurant opened by May 1, the goal being that by the time visitors arrive for the World Cup, “the McArthur complex should have asserted itself as the premier quality entertainment and dining spot on the beachfront”.

The new restaurant is projected to employ 50 full-time and contract staff.

Sketching the history of the upgrading of the complex in a report to the committee, city corporate services chief Rio Nolutshungu said the municipality had entered into an agreement with BAE Systems Operations for the upgrading and renovation of the facility.

In terms of this, an operator had to be appointed and Bel-Essex was given a 9-year contract ending on October 30 next year.

To allow the firm to “plan ahead effectively”, they sought an extension of the agreement for 10 years “with a view to investing a considerable amount of capital” that included the possible extension of the restaurant by 45m².

This would allow negotiations to be finalised with a national chain that was willing to invest.

Bel-Essex was also seeking approval to upgrade the facility together with Auspex Property to ensure “the beachfront remains attractive, clean, safe and vibrant and to promote and develop the tourist trade”.

Auspex, the main owner and developer of the Radisson Hotel, has a 30% share in the venture.

In their motivation to the committee, the companies note that for Port Elizabeth to become a tourism destination “it must firstly be attractive to local tourists and be sustained by locals before we can expect international visitors to consider PE as a viable tourist destination.

“The intent at this stage is to grow PE as a preferred coastal tourism destination for (domestic visitors). PE offers a higher quality experience than most other costal cities.”

The proposed new investment “will surely ensure that other restaurant outlets and establishments on the beachfront reinvest in their operations and this will result in an overall increase of quality outlets and establishments on the beachfront”.

Source: The Herald




This material may not be published, broadcast, rewritten, or redistributed.




Related Stories
•  R5.5m restoration of Pearson Conservatory nears completion
•  Jobs boost as city hit by mini building boom
•  Secret talks to revive Bay project
•  PE Airport gears up for World Cup influx
•  Mthatha facelift under way
•  Denton’s absence hampers heritage task team
•  Tramways building’s renovation can start
•  Bold Brookes Hill renovation
•  Task team to visit buildings in Central
•  General investment assists commercial property market

Copyright 2010 eProp Commercial Property MarketPlace in Southern Africa. Help Desk | Advertising | Products | About | Terms of Use | Privacy


News Week in Focus
29 Jul 2010
• Tribunal approves Redefine/Hyprop deal
• City office block lease all about location
• Tenants’ rising costs ‘a problem for rental market’

28 Jul 2010
• Top green management tips for operating a sustainable building
• Mozambique tipped for retail boom
• Nedbank funds affordable housing development in Mitchells Plain
• Major revamp for Musgrave Centre
• Markets for property still in deep sleep

27 Jul 2010
• Offshore property offers rand hedge
• Mozambique retail sector set to soar: JHI
• Educational facility sold for record R17 million
• Market demand accelerates rapid progress of N4 Gateway
• Scenic Mount Sheba Game reserve goes under the hammer

26 Jul 2010
• Safa House may face R1m a month rent
• Opposing views on R8m for Mandela museum

23 Jul 2010
• Demand grows for top commercial real estate
• Spirited bidding for top property
• Golding disappointed with MPC's rate decision

22 Jul 2010
• Santam backs new Stilus levy underwriting policy
• Is the commercial real estate (CRE) market recovering?
• Big screen debut at Killarney Mall’s new CineCentre
• Retail Design and Development awards
• Interest in property 'sustained' during World Cup

21 Jul 2010
• SA's major property strategists tell their story
• Signs of recovery evident in retail property market
• Optimal tenant mix for revitalised Blue Route Mall
• Vacant Woodmead office going under the hammer
• Slow growth restrains buy-to-let investors