Pretoria’s Menlyn Park Shopping Centre, the capital’s largest shopping mall, is set to be further expanded and refurbished at a cost of about R2 billion. Hein Smit, fund manager for Old Mutual Property Funds, said plans were to expand the retail space in the centre by 51 000m2. This would would result in the mall gaining about 200 new tenants. The regional shopping centre is already the largest in Pretoria and one of the largest in the country.
Smit said the expansion of the centre was driven primarily by current tenants wanting to expand existing brands and introduce new brands, as well as demand from international retailers. The expansion would be in three phases, with the first starting next month. This phase is expected to be completed by March next year. The final expansion phase was scheduled to be completed by December 2016.
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