Refurbished Mutual Mall in Durban CBD opens

Posted On Wednesday, 11 November 2009 02:00 Published by
Rate this item
(0 votes)
The R155 million OMIGPI funded refurbishment of Mutual Mall in the Durban CBD was opened to the public on 2 November

Drawing from four existing sites, the Mutual Mall project included the building of a 10-storey parking garage, the upgrade of offices in 300 Smith Street building, the creation of 50 new retail outlets and the renovation of the Main Foyer of Old Mutual Centre.

The project involved upgrading an existing retail arcade on the ground floors of Old Mutual Centre and 300 Smith Street buildings into a safe and convenient mall experience, resulting in a new tenant mix development for a world class retail offering in the Durban CBD.

Nestled between the streets of West, Gardiner and, Smith and Mercury Lane, Mutual Mall with about 4 200m², is an oasis within the heart of the CBD, offering office tenants working within the CBD a convenient, up-market and distinguished retail offering that’s different, fresh and stimulating.

The four previous structures included the magnificent 31-storey A-grade tenanted office block, Old Mutual Centre; 300 Smith Street, which is an economical 18-storey office block which has undergone an upgrade to an A-grade building; and Gardiner House and Mutual Building which were demolished to create additional parking - about 400 additional bays resulted in a total of 800 bays (3 per 100m²).

“The value of the precinct has been maximised by modernising the finishes in the lift lobbies, upgrading the air-conditioning system, refurbishing the tenant interiors of 300 Smith Street building by upgrading the ceilings and power skirtings and providing the entire retail area that links all the buildings with a makeover,” says Geoff Bright, OMIGPI’s Regional Development Manager.

An ideal destination for office workers within the CBD, Mutual Mall is set to offer coffee shops, restaurants, banking services, fashion stores, a number of cellular shops and an optometrist. Other tenants still to come include a pharmacy, a supermarket, a hair salon and office services. “The central focal point is the food court area comprising a common area seating court, with the food outlets flanked around the court,” Bright added.

OMIGPI Property Development executive, Brent Wiltshire, says an investment in KwaZulu-Natal is worthwhile.

“Having successfully led the way in both Johannesburg and Cape Town, Old Mutual Investment Group Property Investments is ideally placed when it comes to inner city rejuvenation,” Wiltshire said.

The upgrade commenced in June 2008, and was launched last week just in time for this year’s festive season.

Publisher: eProp
Source: OMIGPI

Most Popular

Property sales and development in Cape Town’s East City precinct healthy despite pandemic

Sep 01, 2020
Just nine months after launching to market, 63% of The Harri, a new 48-unit apartment…

Realising the potential of embattled Cape York

Sep 01, 2020
Previously owned by the Bank of Mozambique and abandoned, Cape York had been hijacked and…

Business parks thrive as industrial tenants seek value

Sep 10, 2020
Rael Levitt
Business parks are coming into their own as a viable asset class in commercial real…

Growthpoint grants R436m rental relief to struggling tenants, impacting its full-year distributable income which was down 14.8%

Sep 10, 2020
Norbert Sasse Growthpoint Properties Group CEO
Growthpoint Properties Limited (JSE: GRT) delivered 5.4% growth in revenue and R5.5bn in…

Creativity on the march across retail landscape

Sep 14, 2020
Belinda Clur MD
Creativity is on the march across the retail landscape as sector players get to grips…

Please publish modules in offcanvas position.