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Gold Star Development Trust

An exciting new developmentā€¦..
Riverstone Mall

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While still maintaining the original structure of the old property, the old building shall be re-developed and upgraded to high quality retail and office space at a cost of R10m. Parking facilities for approximately 300 cars are available at the rear of the property. The project is owned and financed by the Gold Star Development Trust. The project architects are Hennie de Villiers Architects, and the Quantity Surveyors and Project Managers are Times Square Quantity Surveyors and Construction Consultants.

Individual units within the new development can be configured to meet tenants needs and shops can be designed to tenants specifications and requirements. (See floorplan.) Thus shops may be available to lease from 50m2 to 1000m2. The re-developed property shall be 2658m2 with a new GLA of 2250m2. Construction shall begin mid March 2008 and occupation is expected early September 2008.

 
 

The site is located on Main Road in Wynberg, Cape Town, opposite Maynard Mall and is the site from which Woolworths conducted their flagship store in the Southern Suburbs for some 40 years. The site and surrounding area has been synonymous with retail for years beyond memory and retains that ambiance to this day. The area, and particularly the upper end of Main Road, remains a hive of activity and the adjacent residential node, especially above the Main Road, is clearly the domain of the upper LSM groups. All the major national chain stores remain in Wynberg as do all the banks. There is very little unlet retail space and there are many enquiries to this regard.

The site is highly visible being on Main Road as it is and in an area that attracts vast numbers of commercially active people, be it shoppers, employees, office workers, business people, local, regional and national government officials and so on. It is also adjacent to many service centers including medical, magisterial (Wynberg Magistrates Court), Department of Home Affairs and police and has in the near vicinity recreational public facilities and spaces (the library and Maynardville) all of which draw people to the area in a sustainable way. It is conveniently situated on all major bus and taxi routes and revels in extensive parking that has easy access off Riverstone Road at the rear of the site. Main Road is often congested with traffic as a result of the large numbers of people coming into Wynberg or passing through but the truth of the situation is that the traffic still manages to flow surprisingly well. All in all, the location can in fact not be described in any way other than as being a highly developed, fully functional CBD lying in the heart of a vast residential township comprising people from all walks of life. The people who live and work in the area are cosmopolitan in their outlook rather than provincial.

For further information view our website www.riverstonemall.co.za or click on www.riverstonemall.co.za/floor-plan.htm to see floorplan.

Telephone Number Contact: Salim Chenia on 083 627 5546

Email e-mail: salim@gsdt.co.za

© Gold Star Development Trust 2008