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PE Express Newspaper
WEDNESDAY June 12, 2013 |0 041 503 6111 | Email express@media24.com | peexpress.mobi | www.peexpress.co.za
@PEExpress1 EDITOR: BETTIE GILIOMEE
MEGA MALL DEVELOPMENT: BIG BOOST IN GROWTH OF WESTERN SUBURBS
All systems go for Bay West Mall TINNEKE GOEDHALS CONSTRUCTION on the biggest private development in the Eastern Cape, the R2-billion Bay West Mall in Port Elizabeth, is officially underway. The move comes as co-developers of the super regional mall, Abacus Asset Management and Billion Group, appointed construction industry giants Murray & Roberts as the primary contractor on the mammoth project. Murray & Roberts took to the site in Port Elizabeth’s western suburbs, adjacent to the N2, last week under the eye of Alex Boyazoglu, managing director of Murray & Roberts Buildings. The CEO of the Nelson Mandela Bay Business Chamber, Kevin Hustler, said a development such as this demonstrates confidence in the potential of Nelson Mandela Bay to support investment. “As a Chamber, we urge our members and all local business owners to ensure that they are in a state of readiness to take advantage of the opportunities now offered, particularly in the development’s construction phase and into the operational phase,” said Hustler. The construction of the mall, which is set to open its doors in early 2015, will create about 10 000 jobs during the construction phase - 3 000 through direct employment and more than 7 000 indirect and induced jobs. A further 1 500 permanent jobs will be created to staff 250 retail outlets in the 90 000m² shopping centre, which will be similar in size to Cape Town’s Canal Walk shopping centre, which was also built by Murray & Roberts. A 50% minimum target has been set for the use of BBBEE, local labour and for spending on the project within the local economy. The developers have also appointed community liaison officer (CLO) Azola Tybosch who will assist Bay SMEs to register on a database for possible work on the project. The mall is central to the development of the greater Bay West City project, for which the developers have earmarked 300 hectares. Earlier this month the Department of Economic Development, Environmental Affairs
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and Tourism gave the thumbs-up for the construction of a road network – the RedhouseChelsea Arterial and the extension of Walker Drive - that will link the western suburbs of Port Elizabeth, which is an important component to the development. The Redhouse-Chelsea Arterial will link with Walker Drive and pass over the N2 freeway. The department also okayed three haul roads “to provide access for construction vehicles during the construction phase of the project and to remove any traffic constraints that may be imposed upon Sherwood, especially Walker Drive,” the department has said. All three are set to be rehabilitated upon completion of the project. Bay West City managing director Gavin Blows said he had every confidence in Murray & Roberts, which had a reputation for good workmanship and the capacity to deliver large developments on time. Much of the Murray & Roberts team that built Canal =An artist’s Walk will be part of impression the Bay West Mall shows what construction. the Bay West Over the next few Mall will look weeks at least five like on tower cranes will completion in be erected to faciliearly 2015. tate construction, along with a host of other large plant equipment. A dedicated concrete ready-mix batch HARD AT WORK. Murray & Roberts have started construction operations at the site of the R2billion Bay West Mall in Port HOTOS:SUPPLIED plant will also be Elizabeth, in the city’s western suburbs adjacent to the N2 freeway. erected on site to supply the approxiprofessionals into the city during the con- a disposable income to spend on property in mately 57,000m³ of concrete required. The commencement of construction comes struction phase of the R1.7 billion mall and the area. “Demand for property in Port Elizabeth has on the heels of a R1.7-billion funding deal con- once it is completed will boost growth in Port cluded between the mall developers and Ned- Elizabeth’s western suburbs massively, be- grown about 25% year-on-year in homes costbank Corporate Property Finance – the larg- cause it will create more than 5 000 perma- ing up to R1.5 million, and this super mall will est property development sum ever agreed to nent jobs once it is completed in early 2015. increase the demand even more. It could also He said not only will many people working see the values for homes in that area increase, by them. Jaco Rademeyer from Jaco Rademeyer Es- at the mall want to live close to work, but they especially when the mall is established, ” said tates, said the massive influx of finance and will also have permanent jobs and therefore Rademeyer.
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