Sky City Mall to be focus of R10 billion development

Posted On Thursday, 12 July 2018 14:47 Published by
Rate this item
(0 votes)

Sky City Precinct, a R10 billion retail and residential development including schools, is currently underway 35km south east of Johannesburg.

 Sky_City_Mall

The sky’s the limit for the new Sky City Mall which will start life as a 12,000m² community centre with 60 shops, by 18th April 2019, and grow to a regional centre occupying more than nine hectares in the near future.

Sky City is positioned on a portion of agricultural land just south of Katlehong known as Waterval. It will form part of the Watervalspruit Township development which is planned for the area. Sky City Mall will occupy an ideal location on the site at the intersection of the R550 provincial road - which is also known as Heidelberg Road - and a north south road. The R550 already draws high traffic volumes from the growing number of residential stands emerging in the area.

The mall – which will be an exciting first for Waterval residents - is being developed by GMI Property Group. Retail Network Services (RNS) is responsible for the concept development of the mall, and will bring its vast body of retail and leasing strategy skills, well-developed tenant relationships and leasing management expertise to the project.

Rossouw Architects have been appointed as designers of the mall while other members of the expert professional team include SM Maré Quantity Surveyors, DJJ Conradie Consulting Electrical Engineers and Proficient Engineering Civil and Structural Consultants.

The catchment area of Sky City Mall already comprises in excess of 143,000 people with close on 45,000 households. Over the next seven years it is envisaged that there will be an additional 37,000 households in the area as well as 16 schools. An affordable private school, part of the Royal Group, opened its doors within the Precinct in January of this year, and another school is planned to open in January 2019. The residential and schools component of the Sky City Precinct is being driven by Cosmopolitan Projects which plans to complete 13,242 residential stands, including 2,116 high-density apartments, over the next couple of years.

Population group demographics show an 89% Black and an 11% Coloured segmentation in the Sky City Mall catchment area, as well as a sizeable number of residents aged 20 to 34.

The phased community centre, has Shoprite confirmed as the anchor tenant. National retailers like Pep and Tekkie Town will head a strong line-up of fashion stores, both eat-in and eat-out food options will be catered for.

Sky City Mall is yet another innovative retail development by GMI Property Group, facilitated by Retail Network Services with the goal of bringing quality and convenient shopping to customers’ doors.

Last modified on Thursday, 12 July 2018 16:10

Most Popular

Grit Real Estate financial results for the year-ended 30 June 2019

Sep 30, 2019
 BRONWNY CORBETT
London Stock Exchange listed Grit, the only listed Africa-focused income distribution…

Concor builds world class data centre for Orange Botswana

Sep 30, 2019
 ORANGE 1
Construction of the new Data Centre for Orange Botswana is well underway, with this fast…

Abland making good progress on R2bn smart precinct in Pretoria

Sep 30, 2019
 IRENE LINK
Abland, one of South Africa’s leading property developers for over 30 years, together…

National Housing Awards Contract for Crested Towers Property Management to Broll Uganda

Oct 03, 2019
 NHCC BROLL
Broll Property Group has added another high-profile client to their books by winning the…

Atterbury begins development of R6bn Castle Gate precinct in Pretoria

Oct 04, 2019
 CASTE GATE 1
Atterbury has commenced construction of the first phase of the prime new multi-billion…

Please publish modules in offcanvas position.