The Pavilion Shopping Centre in Durban is set to receive a R228m facelift in what its promoters say will turn the retail development into one of KwaZulu-Natal “must-see destinations”.
The Pavillion one of the major shopping centers in the country is owned Pareto, a retail focused property fund controlled by the Public Investment Corporation (PIC). The redevelopment is to be managed by Motseng Project Management.
In announcing the facelift, Pareto said characterized the R228m as an initial phase of a bigger plan.
The fund said the initiate phase includes an extensive refurbishment of the Via Pareto mall. This will see addition into the Via Perato Mall a fresh and contemporary look and feel, a better organised Food Cour. The building of 4 state of the art cinemas, with plush seating and the latest technology, whilst the existing 8 cinemas will be upgraded to world class digitalised standards.
There will also be new concept style tenants and a reconfiguration of existing tenants to facilitate visitor access, ample dedicated parking for the entertainment area, improved lift and escalator access, creating a flow to different areas and levels, and cutting edge designs and upgrades to the restroom and family facilities.
New tenants for this redevelopment phase will include amongst others Grill House, Galaxy Bingo and Boost Juice. Several other desirable food tenants will also be part of this phase.
This initial development phase lays the foundation for exciting future re-development which will reposition the Centre into one of KZNs “must-see destinations”.
Pareto CEO Marius Muller said “This major investment in both the Centre and the region is in line with our vision to create sustainable projects within our property portfolio, as well as taking into account the economic development in the Durban West area and beyond. Our re-development is not only to maintain the Centres’ position as an iconic retail and entertainment centre, but to concurrently stimulate growth in the surrounding area to promote business success and create a legacy that is relevant to the community. ”
Dewald van Staden, Managing Director, Motseng Project Management added ” We are delighted to announce this investment of R228 million in the initial phase of the Pavilion upgrade and expansion, but are keenly aware that the knock-on effect through job creation, suppliers, new tenants and all other service providers will see far more benefit. There will be a new, fresh retail mix, improved access, additional parking and a host of other amenities including family entertainment to be rolled out over 3 phases. On completion, visitors and shoppers will experience a world class retail and entertainment centre with upgraded amenities, with phase 1 commencing in May 2013 and completing in March 2014″.