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Old Mutual to run shopping centre in heart of Lusaka

OLD MUTUAL Properties has been awarded contract to manage a shopping centre in the heart of Lusaka.

The contract, which begins on July 1, is to manage Manda Hill in all facets, from day to day operations to leasing and financial services.

Brent Wiltshire, retail property executive of Old Mutual Properties, says the company was the preferred bidder on tender against stiff competition from the traditional players in this market.

The contract follows the company’s involvement as retail leasing and management consultants on developments in Egypt and assignments for its facilities management consulting division in Malawi and Swaziland.

Manda Hill is owned by a consortium of international investors who have little experience in running a shopping centre and looked to managers with expertise, said Wiltshire.

“Old Mutual Properties has a great deal of experience in the development and management of similar projects. Apart from the expertise we have developed on large projects in South Africa, we have been at the forefront of such developments in both Zimbabwe and Namibia.

“The availability within our core team to provide expert input on a variety of issues in support of a local management team was a strong factor in our favour. We have developed a process that gives clients access to the best skills and technology at affordable prices.

“The contract provides for a performance-driven incentive which also gives the owner some comfort that there will be delivery. “

The centre, which was opened in October 1999, comprises 55 shops.

ARTICLE ORIGINALLY PUBLISHED ON 2 JUNE 2001 | SATURDAY ARGUS

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Majors sign up for Gateway

Although Gateway Shoppertainment World, the R1,4 billion development at Umhlanga, only begins trading in October next year, letting activity has been unusually buoyant.

Old Mutual Properties retail property executive, Brent Wiltshire says; “We are extremely pleased at the speed our leasing book is filling and hope to have 65,000m2 to 70,000m2, equivalent to approximately 60% of the lettable space, accounted for by the end of the year.”

Nationals already committed to Gateway include Cape Union Mart, Steers, Mug ‘n Bean, Just Japs, Europa and House of Coffees, as well as international brands such as Levi’s, Diesel, MacDonald’s and Hugo Boss.

“They are a welcome addition to Gateway’s portfolio and will enhance our fashion and leisure component as well as Spar’s 4,500m2 superstore flagship and the 10,000m2 Hyperama,” says Wiltshire.

We have devoted 50,000m2 to entertainment at Gateway, an area bigger than the nearby La Lucia Mall. Besides Ster Kinekor’s 18 screens and Cinema Nouveau’s five screens, we are creating an entertainment sports zone, Expo Explore, where rock climbing scuba diving, and, a first for South Africa, a standing wave will be some of the attractions.

The standing wave creates a wall of water similar to a wave, following for an extreme sport that combines the best of surfing, snowboarding and skateboarding in an exhilarating forum. We’ve also been approached to look at the possibility of introducing ski slopes and adventure golf, says Wiltshire.

Old Mutual Properties is marketing Gateway in branded zones by locating stores on the basis of market segmentation, lifestyle and customer behaviour.

“For instance, within Cavendish Hall we are creating an upmarket fashion node, Cavendish Style, which will be focused on style and will house international brands such as Hugo Boss. An area known as Cavendish Trends, which is a replica of the first floor at Cavendish Square, will offer the young aspirant shopper a range of up-to-the-minute fashion brands such as Young Designers’ Emporium, Diesel and Levi Strauss.”

“We have also allotted two zones for food and restaurant venues, Palm Court which will accommodate 15 restaurants, and a separate entertainment area for fast food venues. Another brand zone is a home-base area which will be anchored by Boardmans. It will include Loads of Linen, Feature Classics and Design Plus from Johannesburg.

“Gateway is taking the concept of shoppertainment to new heights and we are challenging and encouraging retailers to new creative horizons. Our retail team holds regular brainstorming sessions and they are then mandated to search for certain concepts. As a result we are finding that we are signing up tenants very quickly.”

ARTICLE ORIGINALLY PUBLISHED ON 22 DECEMBER 2000 | NORTH COAST COURIER

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A visit to the Gateway site

THE Old Mutual representative on the DCCI Umhlanga Area Committee, Brent Wiltshire, invited committee members and guests to a presentation at their Gateway on-site marketing office recently.

TAKING SHAPE
The Gateway Shoppertainment World, due to be completed in 2001, has already started to take shape. This R1,4 billion development is the most visionary retail project ever undertaken in Southern Africa, and is in effect a ‘reinvention’ of retail.

Wiltshire said the best international concepts as well as local know how and innovations are being utilised by Old Mutual Properties to create something completely new.

A Canadian firm, Forrec, previously involved in projects such as Universal Studios in the USA, will be in charge of the centre’s crucial entertainment component.

DESIGNERS
Designers of the award winning Cavendish Square in Cape Town, US-based Development Design Group International will be looking specifically at a super-experiential court, Expo Explore, to showcase and promote the new vibrant store concepts.

ARTICAL ORIGINALLY PLACED IN MID DECEMBER 1999 | UMHLANGA AREA COMMITTEE NEWS

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New centre’s scale enough to awe critics

A massive mall, which could be what Sandton City is to Johannesburg, is springing up outside Durban.

A while ago I spent time in Johannesburg by mistake. At the end of it I scuttled back to Durban where I missed little, bar the brilliant restaurants, the Wagnerian grandeur of the summer thunderstorms, the thrill of never quite sure whether one was going to make it home without an AK barrel being rammed down one’s throat, and the music of jack-hammers everywhere.

Now while to mist there are few sounds and sights less lovely than those of a construction site, to me they speak of prosperity, growth and the ascension of running-dog capitalism, or at least free-market enterprise over socialism, tribalism and whatever else.

So I cannot own to being overly disappointed when earlier this year Gateway, one of Africa’s biggest, glitziest shopping-cum-entertainment centres, began germinating just outside the one soporific resort of Umhlanga, 10 or 15 minutes away from Durban itself.

Of course the shopping mall concept has its detractors, chief being those who hanker after a romanticised High Street ideal and tend to live in Melville if they can afford it.

However, the sheer scope and scale of Old Mutual Properties’ burgeoning behemoth should at least temporarily awe critics.

The figures alone make for entertaining reading, with the likes of 127 000m2 of retail space (or almost double that of KwaZulu-Natal’s famed Pavillion), a total investment of R1,4bn (Kersner’s Lost City cost half that to build, if memory serves), and 5 000 working on site recalling the era of Stalinistic giganticsm.

Gateway, however, should be a bit cheerier than a tractor plant or whatever in the Urals.

“It is not going to be just another box-like shopping centre, ” says an enthusiastic project executive Brent Wiltshire. “Rather we are creating a sense of place for people, sort of like an Italian palazzo, in an environment where they can feel safe.

“We do not want to create another Pavillion – we are building something completely different.”

Which is why Gateway, or Gateway Shoppertainment World, to give it its full name, will be divided into a dozen or so different “experiences”, as they are called in marketing speak.

These will essentially comprise several different zones, from City Walk (an outdoor boulevard with palms and plenty of bars, restaurants, bistros and all that) through to Wildside (incorporating an Imax theatre and all sorts of leisure-orientated things) to Cybertech World.

And that is without going into Upper High Street, Futureworld Entertainment Centre and the especially promising-sounding Planet Blue which has to do with all things marine.

Completion is scheduled for September 2001, and an impressive monolith is already arching heavenwards, while the noise and contained chaos of the site is reminiscent of what an American ship yard working around the clock circa 1942 must have resembled.

But never mind its sheer size – that will probably be a drawcard on its own – or the fact that it is expected to cater for around 3 million people living within a 30 minute drive, plus heaven knows how many tourists who no longer find it fun to be mugged on the beachfront.

What excites an arena Natalian such as myself is that Gateway could well provide the impetus for a new central business district, or at least an economic hub, rather like Sandton City for Sandton – especially as the roads around the area are to be upgraded while there is ample space for office development in the immediate surrounds.

And it will no doubt provide me with yet another venue in which to aimlessly wander, spending money on an ailing credit card instead of sitting at home working.

ARTICLE ORIGINALLY PUBLISHED ON 1 DECEMBER 1999 | BUSINESS DAY

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Property giants in huge deal

TWO property giants have clinched a R20-million-plus industrial land deal, thought to be the largest in the Durban metropolitan area in more than a quarter of a century.

Moreland Estates, property development arm of the Tongaat-Hulett Group, has sold the Old Mutual 19ha at Mount Edgecombe and a contract for earthworks and site preparation will be awarded soon.

The deal adds impetus to industrial growth and job creation in the Northern corridor and gives OM its first big property capable of development North of the Umgeni River.

It also paves the way for further massive capital investment of about R90 million in Mount Edgecombe, which is currently enjoying a property development boom in its residential, commercial and industrial zones.

Occupying a prominent position at the intersection of the Old North Coast Road (Main Road 2) and the Mount Edgecombe highway (MR94), the OM land is a significant slice of the 100ha earmarked for industrial development in terms of the Mount Edgecombe structure plan.

Moreland’s industrial and commercial development director outlined the huge tasks that lie ahead: “The 10-month services contract will produce a net 16,5ha of level land. This involves the redistribution of 390 000m3 of material equivalent to a rugby field 15 storeys high.”

Old Mutual Properties national investment manager Tommy Osborne said the site was ideal for an attractive and secure landscaped park.

“It also provides a springboard for significant expansion of our R1 billion property portfolio in KwaZulu Natal and is a further expression of our confidence in the region,” he added.

The deal is the largest private sector transaction in the Durban area since Toyota acquired 34,6ha in Prospecton (1969). In 1971, SA Breweries also bought in Prospecton – a 17,1ha site.

The negotiations were concluded by Umhlanga based property broker Macro Ardain.

THIS ARTICLE WAS FIRST PUBLISHED ON 17 NOVEMBER 1995 | THE MERCURY