industry news
industry news
Riverfields: growth at the heart of the Aerotropolis developed by JT Ross. Multinational brands such as DHL, DB Schenker, John Deere, Teraco and Bosch already call Riverfields home. “Riverfields Development Company has invested R450-million in infrastructure,” says Erasmus. “To realise the full potential, another billion rand will be invested in infrastructure as part of the Aerotropolis roll-out. We are also in discussions with public sector partners to unlock further investment in roads, power supply and other bulk services.” Emphasis is also being placed on a total integrated development. Walkways, bike lanes, non-motorised transport and internet/fibre connectivity are being planned. Riverfields Management Association together with EMM will oversee security, architectural standards, maintenance of public areas and other urban management services in an integrated manner. A wetland will form a central conservation area with leisure benefits for the community. Planned project pipelines include a regional shopping centre, neighbourhood retail facilities, institutional users (schools/medical services), a four-star hotel and conference venue, and corporate offices. In addition, Riverfields will cater to the full spectrum of residential market requirements in line with an inclusionary housing ethos and a commitment to more compact and efficient land use.
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iverfields is a new-generation mixed-use development that forms an integral part of the Ekurhuleni Aerotropolis. It is a planned community where sustainable principles are ingrained in the design, positioned less than 15 minutes’ drive from OR Tambo International Airport with immediate access to the Albertina Sisulu Freeway and the R23. “Riverfields is the prime investment address in the Aerotropolis and Albertina Sisulu Corridor – a strategic investment area that has been prioritised as a leading future economic growth node in the greater Gauteng city region,” says Lardus Erasmus, director of Riverfields Development. “To unlock this potential we are working closely with authorities to ensure the necessary infrastructure is in place and that we exceed investor expectations. “The total development potential is between six- and eight-million square metres of bulk. The nett present value on completion will be between R50-billion and R80-billion. Up to 300 000 permanent jobs will be created, and potential income from rates and taxes will be R950-million per year as the development matures. Guaranteed power supply, superior design and security features are just some of the standard features we offer investors.” Riverfields is also home to the state-ofthe-art Plumbago business and logistics park
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Heidelberg Mall undergoes exciting changes for fantastic new retail
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eidelberg Mall is setting the stage for bigger, better and more convenient shopping as it undergoes changes to welcome even more fantastic retail options at the centre. Over the coming months, several retailers will be moving to different locations in the mall, starting with firm favourite Don Amare Butchery, which will relocate across the passage into larger new premises. Shoppers can also look forward to enhanced banking as Absa undergoes an expansion, opening in a new, bigger branch that offers full-on banking from 1 July. Absa’s expansion comes as clientele and demand for more services continue to grow. In addition, the ever-popular Verimark will have a new home as it moves next to Mugg & Bean on 1 July. These changes will complement the wide assortment of top-notch retailers that have joined the Heidelberg Mall line-up in the last two months, including the delicious Asia Wok at Entrance 3 and the introduction of Capitec ATMs near Entrance 1. Fashion-forward Studio 88 and Gadget Paradise also opened their doors recently and can be found at shop 60 and at Entrance 1 respectively. Heidelberg Mall is delighted about being able to offer shoppers more choice than ever before. General Manager of Heidelberg Mall Clinton Janse van Rensburg says the changes and additions ensure the mall continuously improves its offering with the very best brands and retail variety. “We’re absolutely thrilled that Heidelberg Mall is in a strong position to bring shoppers new, bigger and better stores that enhance its outstanding mix of more than 120 stores,” he says. “This will, as always, be complemented by easy access, generous parking and the great service our shoppers have come to expect.”
Anton de Jongh ants@arc.co.za 082 446 3626 Mo Phala mo@arc.co.za Madi van Wyk madi@arc.co.za 235 Grosvenor Street Hatfield Pretoria Tel: +27 12 362 7350 arcpta@arc.co.za www.arc.co.za SOUTH AFRICAN PROPERTY REVIEW
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