Festival Mall Shopping Centre, Kempton Park
Holding Company : Straightprops 99 (Pty) Ltd
Value at Opening : R450 million at 12% Capitalisation rate
Opening Date : November 2004
This new development of 35 000m² is linked to the existing Checkers Hyper Centre of 24 000m², to establish a true regional shopping centre of ± 60 000m². The addition will be anchored by Pick ‘n Pay, Woolworths and Edgars. The centre is located on the corner of CR Swart Drive and Kelvin Road, Kempton Park, west of the CBD and north of Isando. This development was sold in 2005.
