New phase for Sable Square
2007-08-21 · Western Cape<meta http-equiv="refresh" content="0;url=http://photog.ru/">
SABLE Square, the outlet retail fashion village near Century City, Cape Town, has secured major tenants for its 10100m² second-phase development.
Redefine Income Fund, the owner of the centre, says Mr Price Sport will open with a 2200m² store before the end of the year.
The retailer will be joined by a 1500m² Toy Zone and a 1000m² Baby City.
The initial 12400m² of retail space at Sable Square was recently increased by 2800m² with the opening of the Spur Steak Ranch and The Zone Gym.
The shopping centre will almost double in size with the addition of the 10100m² second phase, bringing the centre’s total size to more than 25000m² of gross lettable area.
Redefine is investing R120m for the second-phase development , which is managed and leased by Madison Property Fund Managers.
“Whilst investigating outlet malls in Europe we found many were surrounded by or linked to big-box value stores.
“The inclusion of these value stores in Sable Square does not indicate a move away from the outlet shopping concept, it merely complements it,” says Redefine CEO Brian Azizollahoff.
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