{"id":129000,"date":"2016-07-05T19:20:31","date_gmt":"2016-07-05T17:20:31","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=129000"},"modified":"2016-07-05T17:30:05","modified_gmt":"2016-07-05T15:30:05","slug":"a-look-at-pretorias-new-r12-billion-precinct","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/129000\/a-look-at-pretorias-new-r12-billion-precinct\/","title":{"rendered":"A look at Pretoria’s new R12 billion precinct"},"content":{"rendered":"

Development on a new multi-billion mega-project in underway north of Pretoria, called the Rainbow Junction – which will bring a new economic node to the country’s capital.<\/p>\n

The project was first announced in 2012 and forms part of priority “catalytic” developments taking place all over South Africa, in partnership with the SA government.<\/p>\n

The total development area covers 140 hectares, and is positioned 6km north of the Pretoria CBD starting at the northern slopes of the Magaliesberg Mountains.<\/p>\n

The development of the project will be underpinned by 670,000 square metres of commercial development, as well as new 94,000 square metre mall for the region called Rainbow Mall.<\/p>\n

The mall development is expected to cost R2.5 billion.<\/p>\n

\"Rainbow<\/a>

Rainbow Mall<\/p><\/div>\n

The commercial space of the Rainbow Junction project is more than double the size of Menlyn Maine, and almost three times the size of Melrose Arch in Johannesburg.<\/p>\n

Within the commercial use zones, 165,000 square metres will be for retail; 170,000 square metres for offices; 120,000 square metres for residential projects; 65,000 square metres for hotel and conferencing facilities; and the rest for general commercial use.<\/p>\n

\"Rainbow<\/a> \"Rainbow<\/a><\/p>\n

The project will also have space for educational facilities and social and recreational activities.<\/p>\n

Road planning around the mall started in 2015, while it is expected to open its doors in 2019. The entire Rainbow Junction project is estimated to take 10-15 years to complete.<\/p>\n

\"Rainbow<\/a> \"Rainbow<\/a><\/p>\n

\"Rainbow<\/a><\/h3>\n

More on development<\/h3>\n

A look at the new R140 billion city planned for Cape Town<\/a><\/strong><\/p>\n

A look at Pretoria\u2019s R8 billion \u201cgreen city\u201d<\/a><\/strong><\/p>\n

A look at the Fourways \u201cmega-mall\u201d planned for 2018<\/a><\/strong><\/p>\n

A look at the R11 billion city planned on the Vaal River<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Development on a new multi-billion mega-project in underway north of Pretoria, called the Rainbow Junction – which will bring a new economic node to the country’s capital.<\/p>\n","protected":false},"author":10,"featured_media":129014,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[2669,26],"class_list":["post-129000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-development","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/129000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=129000"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/129000\/revisions"}],"predecessor-version":[{"id":129046,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/129000\/revisions\/129046"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/129014"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=129000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=129000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=129000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}