Soweto City signs dual anchors

Posted On Friday, 16 September 2011 02:00 Published by
Rate this item
(0 votes)
As Soweto survey says developer does

“Soweto City has officially signed Pick n Pay and Shoprite as the anchors for the main component, City Centre, the first phase of the development,” announced early this month by Mark Brown, CEO of The Brown Group (TBG) and co- developer of Soweto City.

Ready to break ground in January 2012, Soweto City will be the first shopping centre in this township to offer such variety. According to Mark Brown, through extensive research the people of Soweto had Pick n Pay and Shoprite on top of their wish-list, so why not provide them with both?

This first phase is already 90% let and there is a positive uptake in tenant demand that has shown from retailers and TBG are in final negotiations with the local nationals and some very exciting international brands that are planned for the centre.
The intention of the leasing team is to ensure that the right tenant mix will fill up all three phases for the people of Soweto.

Soweto has become the hub of urban development which includes mixed-income residential units, retail and office space and the University of Johannesburg’s Soweto Campus upgrade, all influencing the support from the entire Soweto area and surrounds.

Publisher: eProp
Source: TBG

Most Popular

Should you rent or buy your business premises?

Jun 23, 2022
Malusi Mthuli_FNB
This is a question that most business owners will face at some point in their journey.…

April 2022 Hotel Accommodation Income Statistics continue to show a very weak picture compared to pre-lockdown times.

Jun 23, 2022
Hotels Monthly Income 2022
The StatsSA release of April 2022 preliminary monthly tourism statistics show the Hotel…

South Africa’s inflation exceptionalism: can it last?

Jun 23, 2022
Carmen Nel
South Africa is often seen as a high-beta play, be it regarding financial market risk…

Hyprop continues to reduce debt and reposition its portfolios in SA and EE

Jun 30, 2022
Skopje City Mall Playground
Hyprop, which manages dominant retail centres in mixed-use precincts in key economic…

Vaal Mall rolls up its sleeves for pothole repairs

Jun 30, 2022
Vaal Mall crew busy repairing the various potholes making easier access to the Centre.
Vaal Mall is showing their commitment towards their community by stepping up to repair…

Please publish modules in offcanvas position.