THE PAVILION SHOPPING CENTRE GETS R228-MILLION REDEVELOPMENT BOOST
Pareto Ltd, owner of The Pavilion shopping centre, has announced ambitious redevelopment plans for this iconic shopping centre, which will see an initial R228-million investment. This redevelopment project is managed by Motseng Project Management.
Marius Muller, CEO of Pareto Ltd, says: “This major investment in both the centre and the region is in line with our vision to create sustainable projects within our property portfolio, as well as taking into account the economic development in the Durban West area and beyond. Our redevelopment is not only to maintain the centre’s position as an iconic retail and entertainment centre, but to concurrently stimulate growth in the surrounding area to promote business success and create a legacy that is relevant to the community.”
Dewald van Staden, managing director of Motseng Project Management, added: “We are delighted to announce this investment of R228-million in the initial phase of The Pavilion upgrade and expansion, but are keenly aware that the knock-on effect through job creation, suppliers, new tenants and all other service providers will see far more benefit. There will be a new, fresh retail mix, improved access, additional parking and a host of other amenities including family entertainment to be rolled out over three phases. On completion, visitors and shoppers will experience a world-class retail and entertainment centre with upgraded amenities, with phase one commencing in May 2013 and completing in March 2014.”
The Pavilion shopping centre is firmly established as one of South Africa’s most successful shopping centre destinations which has kept up with the demands of its loyal shoppers over the last 20 years. The redevelopment will help cement its position as one of the top six super regional shopping centres in the country as well as create a new business focused investment in the west of Durban and KwaZulu-Natal.