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110 Leslie Avenue,
Fourways, 2091

Monday-Friday: 9am - 5pm

ACOST Office
Contact Details
A: 110 Leslie Avenue, Fourways, 2091
Monday-Friday: 9am - 5pm

East Point Mall Redevelopment

Client

SA Corporate Real Estate Fund

Project Duration
  • Years: 2013 – 2017.
Project Value
  • ZAR 480 million.
Project Description

The redevelopment and improvements of the previously known East Rand Galleria Shopping Centre, situated in Boksburg. The redevelopment included the downsizing of the existing Pick n Pay “Hyper” of approximately 22 000 sq meters (largest in the country) to 14 000 sq. meters with a new “look-and-feel” store design. The rest of the centre was reconfigured to attract a more modern tenant mix and included a new food court section.

The external works included the reconfiguration of the mall entrances and associated parking areas. The development was successfully completed in 2017.

Services Provided
  • Preparing order of magnitude capital cost estimates
  • Attending pre-contract design and programme meetings
  • Preparing detail capital cost estimates
  • Preparing and updating cash flows for the financial business case model
  • Preparing indicative bills of quantities for internal evaluation purposes
  • Contractual correspondence
  • Formulating and implementing procedures for the RFP contractual arrangements
  • Reporting and evaluation of tenders received. Tender reports and financial recommendations.
  • Contract administration, evaluating variations, and interim payment certification of the works
  • Tenant requirements and offers to lease commercial terms (approximately 220 tenants)
  • Loss of income analysis and financial reporting to fund
  • Monthly cost reports and cash flow projections
  • Final account reconciliation and remeasures.