R228m injected into Durban's Pavilion Shopping Centre upgrade
By SA Commercial Prop News - Jun 4th, 09:28
Pareto injects R228m redevelopment of Pavilion Shopping Centre
Pareto Ltd today announced renovation plans to upgrade the Pavilion Shopping Centre in Durban, which will see an initial R228 million investment for re-development.
Mr Marius Muller CEO of Pareto Ltd said this major investment in both the Centre and the region is in line with our vision to create sustainable projects within our property portfolio, as well as taking into account the economic development in the Durban West area and beyond.
"Our re-development is not only to maintain the Centres' position as an iconic retail and entertainment centre, but to concurrently stimulate growth in the surrounding area to promote business success and create a legacy that is relevant to the community," said Mr Muller.
This re-development project is managed by Motseng Project Management.
Mr Dewald van Staden, Managing Director, Motseng Project Management added " We are delighted to announce this investment of R228 million in the initial phase of the Pavilion upgrade and expansion, but are keenly aware that the knock-on effect through job creation, suppliers, new tenants and all other service providers will see far more benefit.
There will be a new, fresh retail mix, improved access, additional parking and a host of other amenities including family entertainment to be rolled out over three phases. On completion, visitors and shoppers will experience a world class retail and entertainment centre with upgraded amenities, with phase one commencing in May 2013 and completing in March 2014".
The Pavilion Shopping Centre is firmly established as one of South Africa’s most successful shopping centre destinations which has kept up with the demands of its loyal shoppers over the last 20 years.
The redevelopment will help cement its position as one of the top six super regional shopping centres in the country as well as creating a new business focussed investment in the West of Durban and KZN. The aim is to create an unrivalled shopping and visitor experience, which will benefit the whole family and retailers.
The General Manager of the Pavilion Shopping Centre, Mr Anton Dekker, said "The redevelopment is the start of an exciting and essential 3 phase refresh, redesign and upgrade of the centre which will bring it on par with major retail developments internationally. Both our tenants and shoppers, will benefit from the whole redevelopment as well as the new concept tenant mix, anchored by established favourites in a new layout expected from a super regional shopping centre.
We are particularly excited by the new family entertainment aspect of the centre, which will push us firmly into a world class family oriented visitor experience. We are cognisant of the loyal shoppers and tenants who have been part of us for 20 years, as well as wanting to provide the best possible experience for new visitors. This redevelopment is our way of thanking our loyal customer and tenant base and creating new memories."
Phase One includes an extensive refurbishment of the Via Pareto mall by adding a fresh and contemporary look and feel, a better organised Food Court, and the building of four state of the art cinemas, with plush seating and the latest technology, whilst the existing eight cinemas will be upgraded to world class digitalised standards.
There will also be new concept style tenants and a reconfiguration of existing tenants to facilitate visitor access, ample dedicated parking for the entertainment area, improved lift and escalator access, creating a flow to different areas and levels, and cutting edge designs and upgrades to the restroom and family facilities.
New tenants for this redevelopment phase will include amongst others Grill House, Galaxy Bingo and Boost Juice. Several other desirable food tenants will also be part of this phase.
This initial development phase lays the foundation for exciting future re-development which will reposition the Centre into one of KwaZulu-Natal's "must-see destinations".
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