Opportunity in Midrand City

Posted On Friday, 07 September 2007 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

The Alliance Group will auction the Midrand City shopping centre on September 18 at the Park Hyatt Hotel in Rosebank

Property-Housing-ResidentialThere is a need for a medium sized shopping centre on the eastern side of the N1 in Midrand.

Midrand City boasts Shoprite as its anchor tenant and has the bulk to become popular as the area’s much-needed shopping centre .

The site is 1,8ha and allows for an expansion of a further 18000m² on the centre.

Midrand City is in need of an upgrade to unlock the site’s full potential.

The centre has an existing income of R6,5m a year and comprises of mixed retail and office space.

“Offices in Midrand have seen huge growth and demand over the past year, therefore the opportunities are unlimited,” Norman Raad of the Alliance Group said.

Midrand City is also close to where the new Gautrain station will be.

The auctioning of the shopping centre will be at 12pm.

Last modified on Thursday, 12 June 2014 16:20

Most Popular

Vantage Capital arranges R430 million of mezzanine funding for Collins Residential, one of South Africa’s largest residential developers

Jan 24, 2022
Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine fund manager,…

November non-residential building statistics release could point to weakening in commercial space building activity in 2022.

Jan 24, 2022
The StatsSA November 2021 release of non-residential building plans pointed to early…

SARB to hike the repo rate at the next MPC meeting

Jan 24, 2022
Lesetja_Kganyago (1)
The SARB’s Monetary Policy Committee is set to increase the repo rate this week,…

November 2021 Hotel Accommodation Statistics

Jan 24, 2022
November hotel revenues - strong year-on-year growth off a low 2020 base, but still far…

Banks’ appetite for home loans to remain robust in 2022

Jan 20, 2022
Rhys_Dyer_Ooba (1)
According to statistics from ooba, South Africa’s foremost home loan comparison service,…

Please publish modules in offcanvas position.