Secunda Value Centre project, South Africa
Name and Location
Secunda Value Centre project, Mpumalanga, South Africa.
Client
Neotrend Khala Cose Developers, a subsidiary of Putprop.
Project Description
The project involves the development of the 8 722 m² first-phase of the Secunda Value Centre. The centre will be anchored by a standalone Builder’s Warehouse, a 2 300 m² Westpack Lifestyle Centre and a drive-through free-standing Burger King, supported by several line stores and home-furnishing retailers.
Neotrend has acquired neighbouring land and will be building a further two phases of the centre, adding an additional 12 868 m² of retail space and office accommodation.
Value
Nedbank Corporate Property Finance has approved R69.3-million in funding for the first phase of the development.
Duration
The mall is expected to start trading
this month.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Putprop, tel +27 11 883 8650 or fax +27 11 883 8650.
Gillian Gernetzky, on behalf of Nedbank Corporate Property Finance, tel +27 21 790 2392 or
email gillian@percheron.co.za.
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