commercial & retail

R 810.7m was consumed through numerous light industrial and commercial developments in and around station precincts, with the objective of adding to the viability of the rail commuter transport system.
In 1996 the 32 hector Umgeni Business Park was launched - a R500m development in Kwazulu Natal. _________________________________ A deal was signed to make use of a vacant parking deck at Durban Station. The objective was to redevelop this location for formal and informal traders including the Head Office for the Mr Price Group. The cost of this development was R25.5 million. __________________________________ This development is a result of the joint venture between Intersite and Motown Central (Pty) Ltd. It functions as a one-stop-motor dealership, as well as a service center. It accommodates NMI’s prestigious Central Durban dealership. Leading motor retailer, Barlow Motor Investments recognised this strategic location, which is developed adjacent to Durban Station and incorporates smaller “RDP Units” aimed at providing trading opportunities to small businesses.	Specialty stores were developed including the Milady’s national head office adjacent to the current stores and Mr Price head office on the north-eastern side of the Durban Station. This formerly unused SARCC land is situated near Rissik Station in Hatfield, Pretoria. It has been developed as a bonded warehouse and it includes “The Diplomat”, a duty-free supplier for diplomats. This formerly unused land is situated south-east of Rissik Station in Hatfield, Pretoria and has been developed as Pretoria campus of Damelin College. The development also includes Virgin Active Hatfield gym
__________________________________________________________________________________ Mitchells Plain Station Plaza is a R43-million shopping centre adjacent to the Station, which was launched in 1999. This development offers 6500m² of lettable office space. This project is a product of a joint venture between Intersite and Thebe Properties which was initially valued at R40 million. A 7-year lease agreement was subsequently entered into between financier and owner, Capital Property Fund & PriceWaterhouseCoopers. This shopping complex was completed in 1992/3. It is an Air Rights Development over the railway line between Wanderers & King George Streets, Johannesburg. The total cost was approximately R30m.