Investec Property, Tintswalo Property Group and RPP Consortium continue construction on Dihlabeng, the new retail regional centre in Bethlehem

Investec Property, Tintswalo Property Group and RPP Consortium are pleased to announce that construction on the 27 000m2 Dihlabeng Regional Centre in Bethlehem is well underway and that the centre, which is due to open in April 2013, already has a significant commitment from national tenants such as Checkers, Pick ‘n Pay, Woolworths, Foschini, Truworths, Reggies, Game, Mr Price Group, as well as a number of smaller regional and national tenants. It is important to the success of the development that local traders are also afforded an opportunity to participate in this new venture and leasing will commence shortly.

 

A second phase, which will add a further 10 000m2 to the development, is being considered, prompted by demand from retailers who are attracted by the facilities and the location.

 

The developers are in discussions with JN de Witt Civil and Building contractors and WBHO Construction, who have formed a joint venture, to see how social upliftment initiatives can be rolled out in the surrounding community. It is expected that a significant number of jobs will be created during the construction phase as well as positions once the project is completed.

 

The fully air-conditioned mall, which will include state-of-the-art security, has been designed with contemporary elements that are in sync with the environment. Parking will be available for 1 700 vehicles.

 

For further information, contact:

Heather Casey

Investec Property

Tel: +27 (0) 11 286 9291

E-mail: HCasey@investec.co.za

 

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