The Promenade Shopping Centre, Mithcell's Plain
Holding Company : Wedelin Investments 1 (Pty) Ltd
Value at Opening : R300 million at 11% Capitalisation rate
Opening Date : 23 October 2003
This development is a Regional centre of 53 800m² with Pick ‘n Pay (6 000m²), Game
(5 500m²), Edgars (2 600m²) and Woolworths (2 700m²) as anchor tenants. The National retail tenants will occupy 85% of the lettable area of the centre. The centre is located on the corner of AZ Berman Drive and Morgenster Road, Mitchells Plain. This development was sold in 2004.
