Sun International unveils R3bn development in Menlyn

Posted On Thursday, 11 July 2013 07:59 Published by Commercial Property News
Rate this item
(0 votes)

Sun International plans to create a new R3bn urban entertainment destination at Menlyn in Tshwane's eastern suburbs.

Morula Gaming

Sun International (SUI) on Tuesday announced plans to create a new R3bn urban entertainment destination at Menlyn in Tshwane’s eastern suburbs.

The hotel and gaming group said it had made an application to the Gauteng Gambling Board to amend its Morula casino licence to relocate the casino from Mabopane to Menlyn in order to deliver the full potential of this licence to the City of Tshwane and the Gauteng province.

Sun International CE Graeme Stephens said that Morula Casino and Hotel had for some time experienced a significant decline in revenues due primarily to its relatively inaccessible location and the growth of non-casino gambling activities in its catchment area.

In the Menlyn area a new large scale mixed-use “Green City” project is currently under development‚ known as Menlyn Maine. This will‚ in its final form‚ be an R8bn‚ 315‚000 square metre precinct‚ of which R825m worth is either already built or under construction. It will have a new shopping mall‚ a high-end residential component‚ an office park‚ hotels and an entertainment node – which is the component that Sun International will provide‚ with its proposed R3bn scheme‚ “Time Square at Menlyn Maine”.

Last modified on Saturday, 20 July 2013 16:15

Most Popular

Investec Property Fund launches first REIT sustainability-linked ESG bond in Africa

Apr 22, 2021
Investec Property Fund (‘IPF’ or ‘the Fund’) today became the first South African real…

Rethinking office space in post pandemic SA

Apr 20, 2021
Since the beginning of the pandemic, one of the biggest questions in real estate has been…

4 simple rules to getting a good credit score

Apr 21, 2021
Make buying your dream home an informed purchase by knowing your credit score.

EPP’s new app takes tenant relations to the next level

Apr 22, 2021
Johannesburg Stock Exchange listed EPP, Poland’s biggest retail landlord, continues to…

Western Cape ripe with affordable housing potential

Apr 20, 2021
The TUHF Western Cape regional team believes that even though COVID has had an impact on…

Please publish modules in offcanvas position.