Construction of the multi-million-rand GrandWest Mall can now begin, following the recent formal transfer of land to a new joint venture between Flanagan & Gerard and GrandWest, the property group announced earlier this month.
The land was formally transferred to the co-owners on Thursday 7 May, which now paves the way for the development of the R650 million GrandWest Mall.
Construction of the mall, which will form part of GrandWest, is scheduled to commence this month, and to open in June 2027, they confirmed.
“The completed transfer is a key milestone that unlocks the next phase of development, bringing the GrandWest Mall vision to life. We are excited to see the mall rise and take shape,” said Chris Teague of Flanagan & Gerard.
The project has already generated strong momentum ahead of construction. More than 70% of the gross lettable area is already let, with a further 20% currently under offer. Only a limited balance remains available for strategic tenant curation and category enhancement, the property group said.
The new single-level community shopping centre will feature two leading grocery retailers.
“The GrandWest precinct is one of South Africa’s most visited entertainment destinations. The addition of GrandWest Mall will strengthen its family appeal and broaden its offering, creating a day-to-night destination where retail, leisure, dining and lifestyle converge,” said Mervyn Naidoo, GrandWest general manager.
The mall will link directly to GrandWest’s redeveloped children’s entertainment area, at a strategic junction with the existing casino and entertainment precinct, the property group said.
Investment
James Vos, Mayco member for economic growth, congratulated the co-owners on finalising the land transfer.
“This investment is a major vote of confidence in Cape Town’s economy and in the long-term growth potential of our city. Developments of this scale not only strengthen the retail and commercial landscape, but also create meaningful jobs, unlock further investment opportunities, and contribute to economic momentum in surrounding communities.
“The fact that 70% of the gross lettable area is already pre-let ahead of opening speaks volumes about the confidence the market has in this project and its future success,” said Vos.
Elouise Matthys, GrandWest spokesperson, said the official sod-turning ceremony is likely to take place in mid-June.
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