Commercial Property News South Africa

Zone in for R500m facelift

Following the Rosebank Mall revamp, The Zone @ Rosebank has announced it will undergo a R500 million revamp, culminating in a tenant handover in September 2015. It is owned by Old Mutual Life Assurance Company South Africa and is located between Cradock Avenue and Oxford Road in Rosebank, as a mixed-use development that consists of two levels of retail space, a hotel, a four level basement parking garage and a double level office tower complex.
Zone in for R500m facelift

Redevelopment plans include a new Food Court of about 1600sqm, due to launch in August. Among the new tenants adding to the existing mix of Wakaberry, Spur and Mikes Kitchen are Panarottis, Jimmy's Killer Prawns, Simply Asia and Häagen-Dazs to name a few. New anchor tenants on the ground floor will include a Super Spar of over 3500sqm and Viva Gym, the popular UK headquartered gym that debuted in Fourways Crossing and Hillfox last year. They will begin marketing in July and are expected to open their doors to the public during early September.

The former Standard Bank building is to be transformed into a mixed-use retail/office space. The ground floor will host a variety of restaurants, which will spill out with seating onto the extension of Tyrwhitt 'mall'. This paved mall will also serve as a green space where functions and entertainment can be added to the already vibrant Rosebank precinct.

The upper area of the building will be remodelled into office space of approximately 2200sqm, with a spectacular atrium leading natural light into both floors. The space will be ready for hand over to new tenants from August 2015.

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