THE R500 million Boardwalk Mall redevelopment in Nelson Mandela Bay Metro’s Boardwalk Precinct will go ahead as planned at a time when many other big retail property landlords are struggling with vacancies and are selling shopping malls to reduce debt.
announced that they will be building the R500 million Boardwalk Mall.
The two companies planned the mall in 2019 before the pandemic changed people s shopping habits.
They have decided to go ahead with the investment, in spite of how Covid-19 has affected malls.
While some market watchers predict the doom of big malls after Covid-19 introduced more people to online shopping, a subsidiary of Sun International just started building a R500-million shopping centre in Gqeberha, previously known as Port Elizabeth.
Sun International s subsidiary, Emfuleni Resorts and shopping malls developer Flanagan & Gerard Group officially announced the commencement of the Boardwalk Mall s construction on Thursday.
Boardwalk Mall construction will create thousands of jobs Construction to start on R500m development PREMIUM By Guy Rogers - 14 May 2021
The R500m Boardwalk Mall extension and upgrade project will create thousands of jobs and be a “game-changer” in the quest to reduce unemployment and boost local tourism.
As the first sods were turned on the project in Gqeberha on Thursday, developers and invited dignitaries hailed the development as “the new market place of Nelson Mandela Bay” which would add a new dimension to the shopping experience. ..
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The Boardwalk Casino complex will see a doubling of its retail space and gain an additional hotel. Image: Supplied
Sun Internationalâs Boardwalk Casino complex in Nelson Mandela Bay is getting a R700 million expansion that includes the doubling of retail space (to 23 000m
2) and a new independent hotel.
Construction on the initial R500 million Boardwalk Mall extension officially commenced on Thursday, following a sod-turning ceremony with investors and local politicians.
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