AFTER three years of research and planning, the way has been cleared for the
development of the Paarl Mall regional shopping centre.
The centre, which will provide 35 000sq m of shopping space and is to be
located on 15ha between the Paarl railway station and Cecilia Street.
Langeberg Foods will continue to occupy the balance of the property.
The purchase agreement was signed with Tiger Foods in June. The project will
involve Langeberg moving portion of their operations to an adjacent site. It
also entails a new on-ramp to the N1, west of Main Street at the entrance to
Paarl, which the developers have committed to fund.
The new centre, to be known as Paarl Mall, is a Spire led development with
Flanagan, Gerard Property Consultants, and Coronib, a company jointly owned
by Coronation and NIB, providing professional services to Spire.
According to Rodney Squire-Howe of Spire Property Services Group, the centre
will cost R 240 million. "Our development programme will see the main
contractor on site early in 2004, with completion scheduled for the first
half 2005. One of the benefits of the new development is the retention of
the retail spend by local residents within the town. Current trends see this
spend increasingly leaking away to outside the area. The centre will
revitalize Paarl's attraction as a retail node, and will provide a top class
shopping experience to consumers, both in the immediate area and further a
field. It will also enhance the town's image as a tourist destination," he
says.
It is estimated that the development will create 500 permanent jobs, which
will be mainly filled by local residents. In addition, the construction
phase will generate many jobs and create opportunities for SMEE and HDI
businesses in the constructing field.
Patrick Flanagan of Flanagan and Gerard are coordinating the letting of the
centre. Tenants will include a comprehensive mix of national retail stores
and local line shops with a strong focus on houseware, fashions and food. A
strong local theme will be employed with retailers and specialty stores
reflecting local products and bringing a strong wineland favour to the
centre.
Flanagan adds that the design of the centre takes as its cue elements, the
local architectural vernacular from the Paarl area. "The architects did an
intensive study of local architectural styles and materials, and the centre
will incorporate wood, stone, and other materials from the area.
Publisher: Cape Business News
Source: Cape Business News
AFTER three years of research and planning, the way has been cleared for the development of the Paarl Mall regional shopping centre.
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