Mall of Africa is 90% let

24 June 2015

Atterbury Property’s giant, 131 000m² Mall of Africa development is already over 90% let, with construction on schedule and progressing apace ahead of its opening in April next year.

“Mall of Africa is Atterbury’s single largest and most ambitious development to date. As South Africa’s biggest single-phase shopping mall development, on completion it is set to be valued at R5 billion,” says Atterbury CEO, Louis van der Watt.

Atterbury’s Mareli Vorster, who is responsible for leasing at Mall of Africa, says a number of possible tenants are still vying for space at the expansive mall. “The 90% leased figure is based on deals that have been signed and concluded,” says Vorster.

Mall of Africa’s design incorporates as many green features as possible, from granite and rock dug up in the early stages of construction being utilised for the concrete structure, to a rainwater harvesting system for irrigation and a grey water system to supply water for the bathrooms. In addition, photovoltaic solar panels will be installed on the roof to supplement the power supply to the mall and roof lights will allow for the flow of natural light.

The centre’s interior will also pay homage to its African roots by taking inspiration from across the continent with the centre court as a nod the forests of central Africa and its four other courts representing the four points of a compass, each reflecting an aspect of life, trade and culture in Africa.

The Mall of Africa is co-owned by Attacq Limited (80%) and Atterbury (20%).

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