New R1.4 billion shopping mall for South Africa starts taking shape

 ·16 Feb 2024

Construction of the new 50,000 sqm Westown Square is picking up pace after the easing of heavy rains.

Westown Square is an R1.4 billion retail centre being built in the Westown Precinct, which will form part of the broader R30 billion Shongweni Urban Development project.

Westown Square is set to offer a high-street retail experience, with previously confirmed anchor tenants including Checkers Hyper (The Shoprite Group), Pick n Pay, Dischem, Edgars (Retailaibility), Mr Price, and Clicks.

Absa Corporate and Investment Banking is the primary funder of the mall, while there is currently R730 million in roads and other infrastructure currently being constructed by the eThekwini Municipality and Fundamentum.

This investment enabled Westown to get off the ground and will leverage a further R14 billion in investment over the next decade.

In addition, the first phase of development in the “New City of the West” is starting to take shape, which is supported by a mixed-use offering of residential apartments, a warehouse, a logistics precinct, commercial and business activities, and an active green belt.

JSE-listed Balwin Properties also announced that it will develop Shongweni Park – a 1,260-apartment lifestyle estate in Westown. Shongweni Park will form part of Balwin’s Classic range of lifestyle estates.

The project initially broke ground in 2022 after facing several delays Tongaat Hulett’s financial woes, as well as the Covid pandemic in 2020/21.

eThekwini mayor Mxolisi Kaunda said the R30 billion development aims to create a new economic hub in the region, akin to ‘Midrand’ in Gauteng, as it will act as a mid-point between Durban and Pietermaritzburg.

The Westown Square is expected to launch in March 2025. Construction and renders of the mall and more comprehensive development can be found below:

Read: Major shift for South Africa’s property market is coming

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