Growthpoint Properties (JSE: GRT) has announced a major redevelopment project for Bayside Mall, the iconic Cape Town shopping centre located in the heart of the Table View and Parklands areas.

The R352m project commences this month (May 2023) and will introduce new retail choices, a revamped food court, improved shopper flows and better access to the centre – all with a refreshed, contemporary look across the mall.

As the mall’s owner-manager, Growthpoint is applying its experience, environmental commitment and hands-on approach, together with significant capital, to ensure the sustainable success of this landmark retail asset. 

“We're proud of our significant investment in this node and are actively working on the mall's strategic repositioning,” says Neil Schloss, Growthpoint Head of Asset Management: Retail.

“Bayside Mall will boast a strong national retailer presence, all with their newest formats. Retailer interest is extremely positive, reinforcing our confidence in the project's success. The centre will be anchored by two strong supermarkets and will feature an upgraded layout offering improved accessibility with optimised entry and exit points for both mall and parking areas. We continue to receive an enthusiastic response and interest from all participating retailers.”

The update responds to significant changes in South Africa’s retail landscape over the past few years, especially shifting shopping trends within the mall’s immediate catchment area.

“Using insights gleaned from customer feedback, we are revitalising our space to create an experience that our customers can enjoy with their families,” says Bayside Mall Centre Manager Aadilah Ryklief.

The multifaceted development project includes repositioning the main anchor tenant, Checkers, and introducing Shoprite to the tenant mix. Locating each on opposite ends of the centre, like book ends, will provide greater balance to the centre. These two supermarket anchors are scheduled to welcome shoppers to their new spaces by December 2023.

The project will also introduce more on-grade parking, add new vehicle access and egress points, and provide dedicated parking for taxis to ensure a good flow of all vehicles in the area.

Addressing operational challenges faced by all South African shopping centres and global environmental targets, electricity efficiency and security are key considerations in refreshing Bayside Mall.

The initial project allows for generators enabling the entire centre to be operational during load shedding, which is the first priority. As is Growthpoint’s way, it will also upgrade energy-efficient lighting throughout the mall passages and common areas.

As a second phase, Growthpoint has already embarked on a study to add a significant solar component to the existing solar installation to further assist during load shedding.

The mall already harvests rainwater and will also use this water-smart system in the project’s new bathrooms. As part of the initiative, Growthpoint’s development team will also endeavour to salvage reusable items, such as taps and sanitaryware, to donate to charities in the community.

The redevelopment will be rolled out in phases over approximately 18 months to ensure an easy transition for tenants and shoppers alike. Bayside Mall will remain open for trade throughout the redevelopment period and offer shoppers refurbishment specials and activities to excite, delight and thank loyal customers for their support throughout this exciting transition.

“We believe the end result will be a quality product that all stakeholders can be proud of, and shoppers will not be able to resist,” Ryklief concludes.

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ABOUT GROWTHPOINT PROPERTIES:

Growthpoint creates space to thrive with innovative and sustainable property solutions in environmentally friendly buildings while improving the social and material well-being of individuals and communities. It is an international property company invested in real estate and communities in South Africa and across the African continent, Australia, the UK and Eastern Europe. Growthpoint is 50% co-owner of the V&A Waterfront in Cape Town. Growthpoint is South Africa’s largest primary JSE-listed REIT. It is an established leader in commercial green developments and owns and manages the biggest portfolio of green-certified buildings in Africa.

Released by CATCHWORDS FOR:

Growthpoint Properties Limited
Nadine Briers, Head, Marketing & Communication
Tel: +27 (0) 11 944 6251

VISIT growthpoint.co.za for more information.

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FOR MORE INFORMATION OR TO BOOK AN INTERVIEW:
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