JSE-listed shopping centre fund Hyprop has launched the $112million redevelopment and extension of the Rosebank Mall, which would almost double its size to 62 000 m² of lettable area.
Construction on the 25-month project is expected to be completed by September 2014, the property investment group said in a statement.
On completion, Rosebank Mall would boast almost 160 stores. Hyprop CEO Pieter Prinsloo said Supporting local brands is key to Hyprop’s tenant-mix strategy for Rosebank Mall.He added that the right blend of global brands and popular local retailers will ensure that the mall caters to a wide range of shoppers, increasing its reach and appeal.
New tenants include top retailers and anchor tenants such as a full line Woolworths Platinum store, a double level Edgars department store, Dis-Chem, Mr Price Sports and Jet. Other new boutique offerings include Pringle, Ben Sherman, Kurt Geiger and Earthchild.
The redevelopment would also connect to the new Southern Sun hotel, 54 on Bath, as well as create a north-south pedestrian walkway between the Standard Bank development on Baker street and the busy taxi rank on Cradock avenue.