»
Aug 13, 2007:
LISTED property loan stock company Hyprop Investment’s new Stoneridge Shopping Centre in Greenstone Park, Modderfontein, is on track for completion by October next year.
Hyprop MD Pieter Prinsloo says that indications are at this stage that the centre will have high occupancy levels when it opens. Greenstone Park is a “new residential area” that is “growing very fast with a lot of new housing being built. Soon we will see offices being developed in the area,” he says.
The first phase of construction began in October last year. The 50000m² centre, estimated to cost R544m, is 90% owned by Hyprop.
