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McCormick Property Development to build new Capital mall in Pretoria

Retail 9 May 2019

CAPE TOWN – McCormick Property Development (MPD) announced in a statement that it is prepared to go ahead with the much-anticipated Capital Mall, an R1,2bn development set to serve the entire Pretoria West region.

According to MPD, the development had been stuck, but an appeal to halt the development was overturned during a sitting of the City of Tshwane’s Municipal Appeals Tribunal (MAT) in April.

MPD said in a statement: "With direct access approved off both the N4 highway and WF Nkomo (Church) Street and situated on the planned N4/R55 interchange, the double level mall will anchor ‘Capital City’ – a R5 billion mixed-use development."

“The development node includes a 150-bed private hospital, value retail centre, motor dealerships, affordable housing, student housing, schooling and community facilities.”

The development of the mall will be phased with 60,000 sqm Gross Leasable Area (GLA) planned to open towards the end of 2021.

Written by: Staff Reporter

Guzzle Media