The Mall of Africa, the new development located in the Waterfall Estate between Midrand and Sandton is set to become one of the largest shopping malls on the African continent.
The mall, located off the N1 highway in Midrand, is set to finish construction at the end of April 2016.
While the development occupies the biggest space for any mall on the African continent (485,000 square metres), the shopping space itself is “only” 131,000 squares – which is smaller than the 220,000 square metre Gateway Shopping Centre in Durban – the largest mall in Africa.
According to developers, Atterbury Property Group, the new complex is South Africa’s and Africa’s biggest single-phase shopping mall ever built – larger than Cape Town’s V&A Waterfront and rival to Sandton City.
The new site will boast over 300 shops, and will play host to a plethora of local and international brands. It will have over 7,000 parking bays.
H&M, Zara, Hamleys, Cotton On and Forever 21 are among international brands opening flagship stores, Attebury said, while anchor tenants include Edcon, Woolworths, Game and Checkers Hyper.
The mall initially carried a development cost of around R3.2 billion, but is now estimated to be closer to R5 billion.
According to the developers, it will serve as the hub of the 323ha Waterfall development project, which is estimated to be carrying a cost of R71 billion to complete, with 11 more years of development still to go.
The Waterfall development is expected to expand over the next 10 to 15 years to become around the same size as Sandton, and bigger than the Joburg inner CBD.