Pretoria’s Menlyn Park Shopping Centre is undergoing a major redevelopment by the co-owners, Pareto Limited and Old Mutual Life Assurance Company, in a R2 billion expansion project that will add a host of top retailers to the existing tenant mix.
The two-phased extension and refurbishment of the mall is being led by retailer demand and growing shopper support, will add approximately 50,000 m2 and 200 more stores to the centre.
It will also create exciting new diverse retail and entertainment areas in the mall.
Pareto Limited holds 50% ownership of Menlyn Park Shopping Centre and Old Mutual Life Assurance Company (South Africa) Limited also has a 50% stake.
“The Menlyn Park shopper is fashion forward and appreciates quality design,” says Marius Muller, CEO of Pareto. “We believe they’ll appreciate the sophisticated new brand, which is aligned with the mall’s iconic status, as well as the unique and quirky imagery that evokes Pretoria and is also distinctly South African.”
Construction commenced in April 2014, with the entire project scheduled for completion in November 2016.
Images and More here: Co-owners pump R2bn into Menlyn Park Shopping Centre redevelopment.
