Soweto City signs dual anchors

Posted On Friday, 16 September 2011 02:00 Published by
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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

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