18
CONSTRUCTION WORLD
OCTOBER
2014
PROPERTY
An excitingmixed commercial portion of land ideal
for a range of commercial, retail and business park
development is being made available by Tongaat
Hulett Developments, the property development
operator within the Tongaat Hulett stable.
The new release forms part of the greater Cornubia development,
a multi-billion rand collaboration between the eThekwini Munici-
pality and Tongaat Hulett. The first of its kind in KwaZulu-Natal, Cornubia
is a fully integrated human settlement development.
This opportunity, representing 85 000 m
2
of commercial bulk,
comprises five stands of varying sizes and is situated immediately north
of the upmarket Mount Edgecombe estate, and forms part of the western
expansion of Umhlanga Ridge. Located adjacent to Investec’s new
Cornubia Shopping Centre currently under construction and the future
Cornubia Town Centre, the site is expected to benefit from enhanced
access due to interchange upgrades. The N2/M41 interchange is currently
under construction and the new Flanders/M41 interchange is scheduled to
begin in September 2015, for completion in February 2017. Other arterial
connections include a link to the Umhlanga Ridge Town Centre and the
N2 via a further interchange on the N2 to the north of Gateway.
In the heart of Durban’s northern development zone, the site is also
located on the GO!Durban route, eThekwini’s Integrated Rapid Public
Transport Network, that will provide convenient access for staff and
customers alike. Well-established businesses currently operating on
Flanders Drive, which flanks the Cornubia Business Hub, include Sage,
several motor dealerships, such as BMW and Kempster Ford, as well as
Mt Edgecombe’s Virgin Active gym.
“We are looking to sell this to prospective developers,” explains Mike
Deightonwho is responsible for the company’s developments,“whowould
be able to construct suitable facilities for a range of end users. We believe
that this represents up to a R3-billion investment opportunity for the right
entity.” This entity could ideally develop the entire precinct, maximise the
opportunity and by acquiring early access to a highly attractive precinct
likely to shape the future of the surrounding area, play a leading role in
the expansion of Umhlanga Ridge over the next few years.
Karen Petersen, development director responsible for Cornubia said,
“The bulk earthworks contract has already commenced and is expected
to be completed in November 2015. Construction of internal services –
such as roads, telecommunications, water, sewerage and electricity – is
anticipated to start in October 2015.”
Less than 12 months after opening,
CradlestoneMall is already strongly
establishing itsmarket position as a
super-regional mall. It is attracting
noteworthy levels of cross-border
shopping from the North West
Province, to include consumer
support from across Gauteng.
NEW RELEASE IN UMHLANGA
ATTRACTING CROSS-BORDER SHOPPERS
Positioned in a distinctly vibrant
growth node, Cradlestone Mall is
proving a popular drawcard for
retailers who are keen to position their
brands in Cradlestone Mall’s growing
consumer market.
Besides attracting consumers from its
immediate market in Krugersdorp and
surrounds, it is also drawing shoppers from
the North West province, including Harte-
beespoort and Brits, it is also an attractive
choice for shoppers from other areas in
Gauteng, particularly Pretoria.
“There are strong arterial routes leading
to the mall, which is one of the reasons for
this success. Cradlestone Mall is drawing
shoppers from a broad market, proving its
pulling power as a super-regional shopping
centre,” reports Cradlestone Mall general
manager, Cara Grobler.
Construction is well underway on the interchange which will allow easy
access to the Cornubia Business Hub. The interchange is due for com-
pletion in February 2017.
Cradlestone Mall
general manager,
Cara Grobler.
>
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The 76 000 m
2
Cradlestone Mall opened in
November 2013 in the heart of Mogale City on
Johannesburg’sWest Rand, providing shoppers
with fresh retail mix and wide choice in nearly
200 shops, restaurants and services.
Owned and developed by Sasol Pension
Fund, Pivotal Property Fund and Retail
Africa, Cradlestone Mall is managed by Broll
Property Group.
Contributing to its growing super-regional
appeal is its excellent location, intensified
retail variety and its appealing modern design.
Themall offers shoppers a refreshingly different
aesthetic, inspired by its setting in the World
Heritage Site of the Cradle of Humankind
and, its formidable line-up of leading brands
has been consistently strengthened since the
opening of the mall.
Cradlestone Mall’s anchor tenants include
Woolworths, Pick n Pay, Checkers, Game with
FoodCo, Dion Wired and the Edcon Group.
During August and September Dis-Chem
and Food Lovers’ Market opened their doors.
Woolworths is expanding to include
Country Road and Trenery and, later in the
year Virgin Active will join Cradlestone Mall as
a further customer offering and draw card.
