A solid foundation for Springs Mall

Construction on the R950 million Springs Mall at Blue Crane Eco Park development is well under way, according to main contractors Giuricich Bros, with the 46 000m² regional shopping centre right on schedule to open before Easter 2017.

The landmark mall in Springs, east of Johannesburg, is a joint-venture between the Giuricich Bros Group; Blue Crane Eco Mall (Pty) Ltd; Flanagan & Gerard Property Development & Investment; and Vukile Property Fund, a JSE-listed retail focused SA REIT (real estate investment trust).

“This new development is creating a valuable asset for Springs and its surrounding community. It will also serve to strengthen our portfolio in the retail sector,” says Gerard Giuricich, a director at Giuricich Bros Construction.

Giuricich is an independent and family owned construction firm which has increased its presence in the retail development sector by securing the building contracts for Springs Mall and the major expansion of the well-established Vaal Mall in Vanderbijlpark.

A pivotal component  of the broader Blue Crane Eco Park development, Springs Mall will form the anchor of the development, with further commercial and retail development expected on the 10ha of land surrounding the mall.

Springs Mall is already 85 percent let, with anchor tenants signed up including Pick n Pay, Checkers, Woolworths and Edgars, and other major national retailers including the Foschini Group, Truworths, Mr Price, HiFi Corporation, Clicks, DisChem and Incredible Connection set to join the mix. The mall will also include family entertainment and restaurants.

“As a retail development of almost R1 billion, with over 150 stores, the mall is a major investment in Springs. Once completed, Springs Mall is going to be a regional shopping destination, opening up many new opportunities for the surrounding community,” says Giuricich.

Fellow director Nicky Giuricich believes the company’s involvement as the main contractor in construction of Springs Mall puts it in good stead for the future, by increasing its expertise in larger scale retail developments.

Giuricich is one of the oldest family-controlled companies in the South African construction industry, and has been involved with several landmark construction projects across South Africa. These include the redevelopment of the Oyster Box Hotel in Umhlanga Rocks; building more than 75 McDonalds restaurants when it first entered the country in 1994; the 20 West Street Capital Hotel building in Sandton; dozens of motor dealerships, and being involved as joint contractors in the original development of shopping centres such as Fourways Mall and Southgate. The new WWF office in Johannesburg is one of the group’s latest construction projects.

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