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Overview of development: www.thevillalife.net  Income 12,5% p.a. + capital growth

Direct ownership from $10 000 and up.                                                                                      

 

The Villa Development is set to provide Pretoria with its upmarket Flagship super regional

shopping mall, providing Pretoria with what Sandton caters for Johannesburg and the V&A

waterfront for Cape Town.

The Development is located within close proximity to the new and old money suburbs in Pretoria

as well as being within easy access to the main Arterial highways serving Pretoria (N1 from

Johannesburg and R 21 from Oliver Tambo international airport).

The Development is located in the East of Pretoria where the housing development (new

money) has expanded to and will continue to expand.

The development will house a retail component/Office component/Hotel, creating a new node in

Pretoria.

The exterior/Interior of the mall will be of a contemporary design with emphasis placed on the

finishing of the luxury area/Aspirational shopping area/Entertainment area and Cinema area

where the common areas of these sections will echo the ethos and aesthetic design of the retail

brands therein.

There is to be approximately 5400 parking bays in the mall

This is in excess of the requirement in South Africa to have 6 parking bays per 100 m2 of retail

gross lease area.

Checkers Hyper who is the grocer anchor estimates to draw 500 000 feet per month to the

grocer anchor on level 1

The movie anchor, who is on level 5 estimates 62 500 feet per month.

The upper income fashion, situated on level 5 we expect to draw 10 000 feet per month as pure

destination shoppers only coming to the luxury stores.

The balance of the shoppers are expected to come for a combination of food and clothing and

entertainment shopping.

2688 parking bays are located on the basement and semi basement levels, there are vertical

circulations from these basement areas to allow access to the mall at the positions indicated on

the plan.

Level 1, has 601 parking bays on grade (Mezzanine level 2 which is just parking is included in

this), of this 180 bays (the smaller on grade parking area) are located there whilst the majority

(421 bays) is located in the bigger on grade parking area (Grey areas are parking).

Level 3, has 539 parking bays on grade (mezzanine level 4, which is just parking is included in

this), of this 300 bays (the smaller on grade parking area) are located there, whilst the majority

(359 bays)is located in the bigger on grade parking area (Grey areas are parking).

Level 5, has 587 parking bays on grade (mezzanine level 6, which is parking is included in this),

of this 180 bays (the smaller on grade parking area) are located there, whilst the majority (407

bays) is located in the bigger on grade parking area (grey areas are parking)

Level 7 is roof parking which has various access points into the mall

Level 8 is 90 parking bays, a portion of the building has another level to accommodate more

parking.

Level -1 to -4 are 2.7 m basement and semi basement levels, depending on the gradient of the

site.

The grocer anchor is on level 1 (Checkers hyper), level 1 will be middle income shopping,

grocer anchor, young peoples restaurants and service related shopping.

The main fashion anchors will be double storey between level 3 and level 5 (Edgars, New

departmental store in South Africa and international fashion chain store)

Level 5 will also have the movie anchor

Level 3 is projected as a middle to middle upper fashion area with brands such as Jo Borkett,

Marlboro,Westport, Luca, Café Cotton, Branded, Robert Daniels, Thomas and Benno, Zoom,

Queenspark, Landrover gear, etc.. for the aspirational shopper

Level 5 is the middle upper to upper plus (or luxury area), with proposed tenants such as

yourselves, however also having the fashion anchors and movies and restaurants to bring feet

It is important to understand that level 1,3, 5 are all 5.5 metres. Level 2 and 4 and 6 are

mezzanine parkings on grade on each of these levels at a height of 2.75 m, ie half the retail

floor height. The floor plans will evidence this further.

Therefore level 1 (Grocer anchor level) will have 601 parkings on that level (refer floor plans)

Level 3, (middle to upper fashion) will have 539 parkings on that level (refer floor plans)

Level 5, (middle to upper plus fashion) will have 587 parkings on that level (refer floor plans)

Statistics:TYPE

GROSS LEASE

AREA

GROSS BUILDING

AREA

Parking bays

Villa Retail (phase 1) 88 693 m2 354 000 m2 5400 bays

Villa Hotel 6 000 m2 6 750 m2 120 rooms, 170

bays

Villa Offices 10 000 m2 13 600 m2 400 bays

Villa Retail phase 2 30 000 m2 61200 m2 1 800 bays

Building contractors:

 

 

GD Irons

The mall is currently 60%, it is important to note that we have been very selective in the tenants

that we accept to ensure that the tenant mix and level of tenant is of the highest standard and

complimentary to the mall. It is also pertinent to note that we have secured the premium

anchors in every category of shopping:

Grocer: Checkers Hyper

Fashion big Box: Edgars and New department store

Cinema: Ster Kinekor

Fast food: Famous Brands group (Steers, Debonairs, Wimpy etc)

Home: House and Home

Fine Dining: Name to be announced

Entertainment: Cubana

Luxury Fashion: Louis Vuitton, Burberry, Ermenegildo Zegna

Document A:

This document shows the main shopping centres in Pretoria (30 000 m2 GLA and above that

are middle Income shopping centres) as well as the location of the old money in Pretoria and

New money (Was cut out a bit in the picture) as well as where downtown Pretoria (City centre)

is.

The other shopping complexes are:

Brooklyn: 30 000 m2 GLA

Menlyn Park: 110 000 m2 GLA

Woodlands: 40 000 m2 GLA

Brooklyn:

Brooklyn is a convenience centre with a majority of the major national anchors in South Africa –

Woolworths, Edgars, Truworths. Brooklyn has a few independent boutique clothing shops and

some jewelers. Brooklyn has cinemas also.

Menlyn Park:

Menlyn Park is currently the biggest shopping centre in Pretoria and houses most of the

national anchor brands in South Africa, Woolworths, Edgars, Foscini, Stuttafords, Game,

Checkers. The highest level of fashion in Menlyn is Levi, Diesel, Polo and some other local

clothing brands and jewelers. Menlyn serves the middle income mass market in Pretoria

currently. Menlyn has Cinemas also.

Woodlands:

Woodlands currently serves the middle income shopper in the new East of Pretoria, however it

is not big enough to cater for enough Variety to draw the middle income shoppers from Menlyn.

Villa:

The Villa will be a super regional mall with all the major national anchor tenants, Edgars,

Checkers Hyper (Grocer anchor – the same as in Sandton, Eastgate, Gateway), Hub and an

international chain that cannot be named at this stage. The Villa will have the largest movie

chain in South Africa housing flagship movies – Ster Kinekor – The same as Gateway.

The Villa will house entertainment restaurants in the same area to attract the young affluent

upper class consumer for entertainment – Cubana (Largest store in Country going here),

Rhapsodys, News Café, Doppio Zero.

The Villa will house a middle to high income fashion area for brands such as Jo Borkett, Robert

Daniels, Marlboro, Thomas & Benno, Café Cotton, Luca, Westport, office by Jo Borkett,

The Villa will house an upmarket luxury shopping area with the following tenants actively

expressing strong positive interest, Louis Vuitton, Burberry, Ermenegildo Zegna, Max Mara,

Shimansky, Chervo, Damiani, Gerard Durel.

These Brands are mainly currently only represented in Sandton (Johannesburg)/V&A

Waterfront (Cape Town) and some in Gateway (Durban). A lot of these brands have not come

to Pretoria as there has not been a development located correctly for this (With ease of access

to Old and new money), of sufficient size, and with a luxury area dedicated to house all of

these brands as is evidenced in Premier developments internationally.

These luxury brands within the same area and positioned as indicated on the floor plans on the

central access point in the mall, we believe will make this area the most successful luxury

shopping area in South Africa.

In Addition one must also take into account the close proximity of Valet parking for the luxury

customer as well as the internal common area finishing’s that we as landlord will provide to

ensure that the common passages in this luxury area echo the design and finish of the

individual stores and clearly distinguish this from the rest of the mall.

The luxury area will have natural light from skylights as well as a very big common area of

1000 m2 which will be landscaped and finished to further create the effect of unique luxury.

The diameters of each grid is 8.5m, and therefore the passages have sufficient space to allow

for easy flow of traffic.

Each vertical circulation will allow natural light to filter through the building, further enhancing

the effect of light and spaciousness.

We have appointed a landscape architect to ensure that the building internally and externally

will have sufficient greenery to create an exceptional shopping experience.

The location of the Louis Vuitton store is central to the luxury area and allows the collection of

traffic in the mall from 4 points and is the on the direct visual from the link to the other side of

the development where the luxury area will continue into the 5 Star hotel lobby.

The Villa development is a flagship retail project for South Africa that we believe will take retail

shopping to the next level in South Africa. As such we are pleased with the response from

retailers and in particular from the luxury brands.

As can be seen from the general overview the relevant distances to in Pretoria is as follows:

As the crow flies Driving distance

Brooklyn to Villa 9km 15 km

Brooklyn to Menlyn 5 km 10 km

Menlyn to Villa 7 km 12 km

Menlyn to Woodlands 5km 8 km

Woodlands to Villa 5km 6 km

New Money to Villa 3 km 4 km

Old Money to Villa 2.5 km 3.5 km

N1 Highway (Johannesburg) to Villa 2 km 3 km

R 21 highway (Airport) to Villa 2.5 km 3.5 km

It must also be noted that in South Africa the downtown areas are not like the USA or Europe

where it is prime real estate, in South Africa the luxury is decentralized to the suburbs.

In Pretoria the residential development has moved Eastwards and will continue to move

Eastwards (New Money).

There are another 16 000 houses already planned further out on the Delmas road link from old

money) passed the Villa centre for future expansion.

The Development has already created a stir of excitement for Pretoria and consumers are

eagerly awaiting the Launch of the development together with the International fashion brands

that has been long overdue for Pretoria as is evidenced in the demographics previously sent.

Document B:

Document B just lays out the site, currently there are no residential houses left standing and we

are already 10 m into the ground with ground works.

Document C & E:

The old money in Pretoria has direct access from the major arterial road out of the old money

(Waterkloof) to the Villa. The distance is 3.5 km and therefore is convenient for the luxury

shopper.

There will be two main ways (quickest routes to get to luxury area) for the old money, they will

either divert into the new road being constructed to divert traffic off the main delmas road or off

the Delmas road and into the centre.

From there the Consumer will enter via speed ramps into the on grade parking and onto the

luxury shopping area where they will be able to use the dedicated valet parking for there

convenience.

Document D& F:

The new Money in Pretoria will be able to have direct access to the site by the major arterial

road, De Villebois Mareuil as indicated in documents attached.

The new money will be 4km travel distance by car from the Villa shopping centre and they will

be able to turn into the centre as indicated in the document attached and once again use

speed ramps to on grade valet parking.

The development has parking underground, on grade and roof parking and the parking ratio is

7 cars per 100 m2 of GLA which is more then the industry norm of 6 per 100 m2 to allow extra

parking and accessibility to the mall.

This development is set to be a flagship development for Pretoria.

 

Tenant Update:

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