Flanagan & Gerard Property Group and GrandWest, a subsidiary of Sun International, has marked the official start of construction on the R650-million GrandWest Mall development within the GrandWest entertainment precinct in Cape Town.
The sod-turning ceremony marked the formal start of construction on the 22 000 m² convenience mall, with completion and opening scheduled for June next year.
The milestone also follows the successful transfer of land into the joint venture (JV) between Flanagan & Gerard (90%) and GrandWest (10%), announced in May.
More than 70% of the gross lettable area within the single-level shopping centre is already let, with a further 20% under offer.
The anchor grocery tenants – a 3 000 m² Checkers FreshX and a 2 500 m² SuperSpar – are confirmed, alongside Dis-Chem, Clicks and brands from the Mr Price, Truworths and Pepkor groups.
