PARKDENE JUNCTION Retail Precinct
LEASING BROCHURE | 2020
RETAIL PROPERTY SPECIALISTS in a liation with OPENING DATE - PHASE 1 SEP 2021
PARKING BAYS FAST 1430
PHASE 1 GLA FACTS 20 567m²
DEMOGRAPHIC PROFILE 5km Radius POPULATION PARKDENE ± 100 000
HOUSEHOLDS ± 40 000 JUNCTION
6%
22%
48% 34%
INCOME 66% 24% R10 000 - R40 000 ECONOMIC STATUS Not Economically Active R40 000 - R80 000 Economically Active R80 000 - R160 000 Information extracted from Lightstone - March 2020 PARKDENE JUNCTION LEASING BROCHURE 2020 02 ABOUT THE CENTRE Parkdene Junction is ideally located on Rondebult Road, which is a main arterial route and the main link (North-South link) between the N12 and N17-highways. Rondebult Road is used daily by thousands of people and makes Parkdene Junction a convenient shopping destination for people on their way to or from work, or merely seeking a convenient shopping location. It is intended that the existing centre, same currently anchored by Checkers Hyper, will be expanded into a 44 000m² Retail Precinct, in order to offer consumers a one stop shopping destination, that will include many National and Franchise tenants, across a wide range of product and service categories. The zoning and all the required consents for the first three phases (of the total envisaged 4 Phase retail precinct) are in place, in order to proceed with this Development. No time delays are anticipated in respect of Town Planning and R55 Tra c Impact Assessments. Kempton Park Several Demographic12 and Retail Studies have been carried out over the past 8 years, in order to confirm that the Sandton 3 R51 relevant catchment area is su ciently developed, to warrant the proposed expansion. These studies collectively M11 Daveyton R24 Randburg confirm, the current viability and the need for the re-development and extension of, the existing centre. 12 M16 12 CATCHMENT AREA Boksburg R51 Several major new Residential Developments are proposed on the portions of formerly vacant land (including 17 Johannesburg PARKDENE JUNCTION Parkdene Ext 7 Township), immediately adjacent to and surrounding, the existing centre: M70 Germiston 17 Springs 3 • Servicing of the land on which these developments are to be built, has been completed and the approval for such R554 17 R59 Brakpan M43 developments granted, in order to facilitate the development of said major new Residential Developments. 12 M35 R82 1 Alberton R554 R51 • Construction of these major new Residential Developments will commence shortly, as is dealt with in detail in the R550 demographic studies and is clearly visible from the preparatory works currently being carried out on the ground. R550 3 • These major new Residential Developments, to be built on inter alia Parkdene Extension 7 Township, are in addition R550 to, and to the immediate north of, the Residential Developments that have already been developed over the past 8 R59 years, to the north of Cinderella Dam. R557 We are confident that this development is viable, executable, well researched and packaged to commence, as soon as R557 we have commitments from the National Retail Tenants. 3 PARKDENE JUNCTION LEASING BROCHURE 2020 03 MICRO LOCATION The cornerstone of every thriving neighbourhood Tambo Memorial Hospital is a good school and the Urbika Urban Lifestyle Development partnered with one of South Africa’s most respected independent school networks, Curro, to bring world-class education to the neighbourhood. Curro Parkdene opened its doors directly Parkdene Junction adjacent to Urbika, making it a safe and easy three minute walk away. The school includes a crèche, primary and high school, catering for children from three years to Grade 8, with Grades 9 to 12 to be phased in. The school adds significantly to the Educational Facilities available in the surrounding area. Ville D’Fleur Residential Estate Sunward Park Hospital PARKDENE JUNCTION LEASING BROCHURE 2020 04 MACRO 1. East Rand Mall LOCATION Retail Centres in the area R29 R23 R29 R29 R21 Distances: R23 R29 R29 1. East Rand Mall: 7.3 km 2. Sunward Park Centre: 4.8 km 3. Kingfisher Corner: 4.4 km 4. Sunward Lifestyle Centre: 4.7 km Parkdene Junction R23 5. Mall @ Carnival: 8.5 km 5. Mall @ Carnival R23 3. Kingfisher Corner 17 4. Sunward Lifestyle Centre 2. Sunward Park Centre 17 R21 R554 PARKDENE JUNCTION LEASING BROCHURE 2020 05 AVERAGE DRIVING TIMES Parkdene Junction 5km Radius 10km Radius Drive Times to Parkdene Junction (Minutes) 35 30 30 28 25 20 20 % 15 12 10 5 5 5 0 <5 6-10 11-15 16-20 21-30 31-60 Information extracted from Urban Studies - October 2017 Average: 15 minutes Median: 10 minutes PARKDENE JUNCTION LEASING BROCHURE 2020 06 ARTIST IMPRESSIONS Architectural renderings are artist impressions only and are subject to change PARKDENE JUNCTION LEASING BROCHURE 2020 07 PHASE 2 RETAIL PRECINCT PARKDENE JUNCTION LEASING BROCHURE 2020 08 RETAILLEASING PRECINCT RONDEBULT ROAD McGAGHY STREET PROPOSED FUTURE PHASES 1 - 3 PARKDENE JUNCTION LEASING BROCHURE 2020 09 LEASING ENQUIRIES Meryl Bessesar meryl@finlayml.co.za 083 784 6618 | 087 057 0487 Lekita Pretorius lekita@finlayml.co.za 079 280 9013 | 087 057 0487 RETAIL PROPERTY SPECIALISTS in a liation with