The R500m Woodmead Retail Park, situated in Woodmead at the convergence of the M1 and N1 highways, is scheduled for completion in April next year.

The centre, which is being developed by Investec Property Group, is an open-air 44000m² shopping and entertainment complex.

“With a well-balanced tenant mix, it will offer the expanding business and residential communities in this area an upmarket and convenient shopping destination on their doorstep,” says Ronnie Sevitz, development manager for the centre.

A large 15398m² hypermarket will be opened by Pick ’n Pay at the centre. Other anchor tenants include national stores such as Woolworths, Dischem, Toys “R” Us, Mr Price Home, Mr Price Sport and Mr Price Weekend Material.

The centre is more than 90% let, six months ahead of completion.

“We are still considering a few prospective upmarket fashion retailers to complete our tenant mix, especially those able to occupy stores of around 300m²,” says Steve Grupel, leasing consultant for the development.

Other stores that have already signed up to be a part of the complex include Look and Listen, Diesel, Cross Trainer and Kingsmead Shoes.

Standard Bank and First National Bank will also open branches in the centre.
 

Business Day