{"id":769909,"date":"2024-04-29T13:20:53","date_gmt":"2024-04-29T11:20:53","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=769909"},"modified":"2024-04-29T13:20:57","modified_gmt":"2024-04-29T11:20:57","slug":"upgraded-shopping-mall-in-south-africa-opening-next-month-with-a-boost-for-government-pensions","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/769909\/upgraded-shopping-mall-in-south-africa-opening-next-month-with-a-boost-for-government-pensions\/","title":{"rendered":"Upgraded shopping mall in South Africa opening next month – with a boost for government pensions"},"content":{"rendered":"\n

The Malvern Park Shopping Centre in Durban is set to reopen in May 2024 after a major upgrade.<\/p>\n\n\n\n

The mixed-use precinct is being developed by the Public Investment Corporation (PIC) on behalf of the Government Employee Pension Fund (GEPF) and managed by Mowana Properties – the owner of Cresta and Westgate shopping centres.<\/p>\n\n\n\n

The precinct has three main components: the Malvern Park Centre, Queensburgh Strip Mall, and the recently refurbished Malvern Heights 140 Apartments.<\/p>\n\n\n\n

The redevelopment and extension of the retail centre included the merging of the Malvern Shopping Centre with the Queensburgh Shopping Centre to add approximately 5000 – 6000 square metres of bulk to the initial buildings.<\/p>\n\n\n\n

The Malvern Park Centre is the focal point of the precinct, with a diverse range of retail options, while the Queensburgh Strip Mall complements the main centre by adding another array of shops and amenities<\/p>\n\n\n\n

Malvern Heights 140 Apartments have also been refurbished and provide living spaces within walking distance of retail and medical facilities.<\/p>\n\n\n\n

Key parts of the revitalisation project include the: <\/p>\n\n\n\n