Devmark Property Group has unveiled De Zwartland Werf, an R650 million mixed-use development on the outskirts of Malmesbury, Western Cape. According to Hein Ehlers, Group CEO, it will be the first mixed-use development and one of the single largest investments undertaken in the Swartland area. The De Zwartland Werf project’s building and operating phases will result in capital infusions that will boost economic activity, assessing job creation and related incomes in the local area and region.
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The Project’s Development
The retail mall will cost roughly R390 million, with an additional R50 million spent on the auto dealership and R210 million on the hospital. Individual projects, barring large civil works, will be phased in, with durations ranging from one to two years. The completion of the De Zwartland Werf development, given its scale and financial commitment, can considerably influence commercial activity, not just in Malmesbury but also in the nearby catchment region while work is underway.
Construction companies and related craftspeople would make the most profit from these perks. Indirect links would benefit the wholesale and retail businesses and the building materials sector. With the recent renovation of the N7, which has led to a considerable increase in construction-servicing enterprises in recent years, several established companies in Malmesbury service the construction sector.
According to Elhers, it is critical to keep creating new employment. According to the business, the hospital’s construction is expected to provide between 250 and 470 jobs over six months and between 180 and 300 employment over a year. Approximately 900 temporary employment of varying lengths will be created during the construction of the shopping centre during a one to two-year period. In conservative estimates, the project will produce around 1000 person-years of employment, a basic means of grouping occupations of varied durations into a single unit that offers the same number of jobs throughout a year. Elhers further indicated that the business expects to create 650 permanent employment after the project is done.
Malmesbury’s shopping is now quite fragmented, requiring inhabitants to visit many retail establishments and parking lots to do their monthly shopping. The annual retail spending in Malmesbury and the surrounding catchment area is over R2.4 billion. With 61 retail businesses, De Zwartland Werf, and notably the retail centre, people in Malmesbury and the larger Swartland area will be able to enjoy their shopping in a contemporary and safe atmosphere. Mixed-use complexes foster a village-style mix of shops, restaurants, offices, medical, and residential spaces by encouraging high-quality design. It’s also more pedestrian-friendly, safer, encourages smart land use, and saves energy. Checkers, Clicks, and Toyota are among the national business tenants that have signed leases.
The Toyota Dealership (2 749m2), retail (18 271m2), offices (2 240m2), the hospital (8 990m2) with the only MRI scanner in the entire Swartland and West Coast area, and residential (2 750m2) make up the total gross lettable space of 35 000m2. The development will provide long-term water and energy savings. In addition, the development will have low embodied energy, passive ventilation, photovoltaic panels for solar production, energy-efficient lighting, and glass, paper, metal, and motor oil recycling.