New mall under construction

2008-07-08 00:00

An ambitious development comprising retail and office space and a new motor showroom in the Chatterton Road area is expected to open its doors within 10 months, boasting several national brands — in a R70 million development.

According to the developer, the centre, called the Invesco Centre, will be anchored by audio and visual warehouse giant Hi-Fi Corporation.

Although the tenant mix has not been finalised, the development is expected to house a motor showroom, several restaurants, corporate offices and medical suites.

It is understood that the black-empowered developer, Wild Break 72, is currently in negotiations with several national retailing brands.

Restaurants expected at the centre include Jimmy’s Killer Prawns and Bangkok Wok.

Contractors include joint-venture partners Carlos da Costa Building and Unicon Construction.

The move comes on the back of the opening of the new McDonald’s restaurant — a development that is linked to the new centre.

The new venue covers about 16 000 square metres, as well as 5 500 square metres of secure basement parking.

According to a Wild Break 72 spokesman, the nearby banking and vehicle dealership businesses are significant drawcards.

In addition, the location near the N3 is another positive selling point, as are nearby up-market suburbs.

“The development has been undertaken by a local professional team comprising architects, engineers and quantity surveyors and the like and we have used local contractors.”

About 250 people are currently employed in the construction phase.

The centre will have four gates.

Although the area is fast becoming a prime spot for a variety of businesses, including banks and motor dealerships, some may question the timing of the new centre, given the current state of the local economy.

However, Wild Break 72 has noted: “The idea was to develop a centre that brings in the major brands and restaurants that wanted a presence in Pietermaritzburg. There will be a balanced tenant mix. Clientele will include nearby employees, passer-by traffic and local residents.”

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