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Growthpoint's La Lucia Mall to get R142m apartment development


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Marking the group’s first residential property foray in KwaZulu-Natal.
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An interior view of the mall, Growthpoint’s most valuable retail asset in KwaZulu-Natal. Image: Suren Naidoo, Moneyweb
A new R142 million nine-storey apartment development is set to be constructed at La Lucia Mall, one of JSE-listed Growthpoint Properties’ oldest retail assets in north Durban.
Pam Golding Properties, which has been appointed by Growthpoint to handle apartment sales, said on Monday that over 60% of the development has been sold.
Sales in the 63-unit development only launched publicly at the beginning of February.
Dubbed Kent, the development is Growthpoint’s first residential property venture in KwaZulu-Natal and forms part of bigger development plans the group has in store for La Lucia Mall. ....

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