Property tycoon Vivian Reddy’s KZN mall gets the go-ahead

The municipality said the decision was informed by the progress made in fulfilling the conditions of the temporary occupational certificate granted during the opening of the mall, validation of reasons for not achieving some of the conditions, the socio-economic benefits of the mall for local communities and written undertakings made by the developer to fulfill obligations as per approved building plans.

KwaDukuza Municipality spokesman Sipho Mkhize said: “Following due consideration, the municipality has granted the KwaDukuza Mall a further 90-day temporary occupation certificate. The duration granted took into account the construction industry shutdown period between December and January.”

The 29,000m² mall, with 900 parking bays and 80 stores and restaurants, is the first phase of a planned R1.5-biilion precinct that will include a value centre, hotel, private hospital and an office park.

Reddy, whose Edison Property Group is the developer of Durban’s R4.3-billion mixed-use Oceans Umhlanga development, described the mall development as a role model in BEE, with a 90% BEE participation.

National tenants will occupy 80% and include Checkers, Pick n Pay, Woolworths, Edgars, Mr Price, Truworths, Clicks, Ackermans and all major banks.

قالب وردپرس



Please enter your comment!
Please enter your name here