McCormick Property Development’s Capital Rising

Posted On Sunday, 18 February 2018 10:53 Published by
Rate this item
(0 votes)

Capital Mall – the R1.2bn corner stone of the ‘Capital City’ mixed-use development is all systems go.

Capital_Mall-_Aerial_A

The City of Tshwane has approved the rights for the impressive development that is set to revolutionise both the Pretoria West region as well as the McCormick Property portfolio.

The double level mall will anchor the mixed-use development within the node which also includes a 150 bed private hospital, a Value Centre, motor dealerships, affordable housing, schooling and community facilities.

The development of the Mall will be phased with the 60 000sqm first phase set to open in 2020. It will be the biggest development to date for McCormick Property which has almost four decades of experience in property development. The Mall is one of 26 retail developments in the company’s development pipeline, all focused on areas with significant undersupply of retail facilities to satisfy their rapidly expanding markets.

This year will also see ground being broken at the Mall of Tembisa – a phased development that has the potential to reach over 100 000sqm. Situated just off Olifantsfontein Road, the first phase will consist of over 43 000sqm of retail space and includes two proposed transport hubs, formalised schooling and high density residential units which will all contribute to this landmark mall.

MD of McCormick Property, Jason McCormick, is delighted to finally get Capital Mall to market. “We have seen the potential of this area for decades and know that this development will be a game-changer for the community of Pretoria West as well as the retailers that are included in this iconic development.”

Situated on the planned N4/R55 interchange, Capital Mall has direct access approved off both the N4 highway and WF Nkomo (Church) Street. The 25 hectare Mall will allow for the Mall to expand to over 100 000sqm in time, well aligned to the massive population growth within the region.

Last modified on Tuesday, 20 February 2018 03:03

Most Popular

Stable repo rate a boost for first-time home buyers says Dr Andrew Golding

Sep 20, 2018
Andrew Golding
With the rand regaining some ground and inflation surprising on the downside this week,…

Abland to develop combined office and dealership scheme at Menlyn Maine Towers

Sep 19, 2018
BARLOWORLD MENLYN
Abland, one of South Africa’s leading property developers for over 30 years, hosted a SOD…

SARB keeps Repo rate unchanged

Sep 20, 2018
Consumers will breathe a sigh of relief after the South African Reserve Bank’s (SARB)…

FNB-BER Building Confidence Index Q3 2018 - Declining building activity keeps confidence low in 3Q

Sep 19, 2018
FNB John Loos
After falling to 29 in 2Q2018, the FNB/BER Building Confidence Index was unchanged in…

Green Building Convention Brings Built Environment and Sustainability Heavyweights to SA in a Race to Zero

Sep 29, 2018
GREEN BUILDING COUNCIL 1
The Green Building Council of South Africa (GBCSA) will host the 11th Annual Green…

Please publish modules in offcanvas position.