Sun International unveils R3bn development in Menlyn

Posted On Thursday, 11 July 2013 07:59 Published by Commercial Property News
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Sun International plans to create a new R3bn urban entertainment destination at Menlyn in Tshwane's eastern suburbs.

Morula Gaming

Sun International (SUI) on Tuesday announced plans to create a new R3bn urban entertainment destination at Menlyn in Tshwane’s eastern suburbs.

The hotel and gaming group said it had made an application to the Gauteng Gambling Board to amend its Morula casino licence to relocate the casino from Mabopane to Menlyn in order to deliver the full potential of this licence to the City of Tshwane and the Gauteng province.

Sun International CE Graeme Stephens said that Morula Casino and Hotel had for some time experienced a significant decline in revenues due primarily to its relatively inaccessible location and the growth of non-casino gambling activities in its catchment area.

In the Menlyn area a new large scale mixed-use “Green City” project is currently under development‚ known as Menlyn Maine. This will‚ in its final form‚ be an R8bn‚ 315‚000 square metre precinct‚ of which R825m worth is either already built or under construction. It will have a new shopping mall‚ a high-end residential component‚ an office park‚ hotels and an entertainment node – which is the component that Sun International will provide‚ with its proposed R3bn scheme‚ “Time Square at Menlyn Maine”.

Last modified on Saturday, 20 July 2013 16:15

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