The West Rand, and more specifically Muldersdrift, is attracting significant commercial and leisure development to capitalise on residential and commercial enterprises in what is currently one of the fastest, high-income growth nodes in Gauteng.
Sasol Pension Fund, Retail Africa, Tsogo Sun and Avianto are four of the largest developers in the area to date. Sasol joined forces with Retail Africa last year to begin construction on one of the largest private commercial construction projects in South Africa, a new 75,000m2 regional shopping centre, Cradlestone Mall, in Mogale City, due for completion in October this year. Tsogo Sun recently announced a R480 million refurbishment of its Silverstar casino which is expected to change the face of entertainment on the West Rand and is due for completion in August 2014.
Cradlestone Mall is optimally located on the corner of a busy intersection – the N14 highway and Hendrik Potgieter Roads – and adjacent to the planned Pinehaven Interchange. Once completed, the Pinehaven Interchange will give residents north of the N14 easy access to the mall.
Retail Africa co-founder, Jannie Kruger, says the surrounding area is developing into a strong commercial, office and entertainment node and believes the current developments will act as a further catalyst for future development in the area.
On the leisure side, Trevor D’Oliviera, CEO of Avianto Estate, confirmed final approval been received from Mogale City in June to unlock some R3,5 billion worth of potential construction which will furnish some 1 800 residential opportunities over a wide selection of offerings, including the development of a new school managed by Maragon Private Schools.
D’Oliviera says these developments will be a welcome addition to an area that has experienced burgeoning residential growth in recent years driven by numerous upmarket and middle market residential developments. Kruger agrees saying this trend is set to continue in the years ahead as expansion of outer-Johannesburg to the North-west and Mogale City to the East continues.
Prepared on behalf of the Muldersdrift Communication Action Group by Cathy Findley Public Relations