Nelson Mandela Square in Sandton is currently undergoing a major refurbishment to restore the precinct by modernising the aesthetics and introducing new retail brands and dining options.
“Nelson Mandela Square has been trading in its current format for almost 20 years and plays an important role within the broader Sandton complex,” said Alex Phakathi, Liberty Property Portfolio Fund Manager of the Stanlib Direct Property Investment, the asset managers for the Liberty Group’s property portfolio. “This face lift will ensure the tenant mix and aesthetics align to that of the recently refurbished and expanded Sandton City.”
Amelia Beattie, Chief Investment Officer Stanlib Direct Property Investment, said, “The plan is to completely modernise and improve the aesthetics throughout the centre. This, together with new retail brands and dining options on a rejuvenated piazza area, will ensure a sustainable future for Nelson Mandela Square in a competitive market place.”
Beattie added that another key motivator for the development is to address the visibility issues between the two floors of the mall area. “We have plans to bring in a new anchor tenant with a double height store front, and space that spans over two levels.”
Work to the square has already commenced and it expected to be complete towards the end of 2015.