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RIVERSIDE PARK - HOW IT BEGAN AND WHERE IT'S DESTINED
Press Release • Craig Lewis • 25 May 2011
Riverside Park, Mpumalanga’s premier regional node, conceived and planned by property developers, HL Hall and Sons Properties (Pty) Ltd in the early nineties, has grown into a vibrant mixed use node, just north of the capital city of Nelspruit. Situated alongside the magnificent Lowveld Botanical Gardens, the precinct has grown into an exciting mixed use urban development with the whole range of retail, office, leisure, residential and motor developments already having been developed.
Wide boulevards, extensive landscaping and pavements characterise this pedestrian friendly precinct, which is anchored by the Mpumalanga Provincial Government’s complex and a number of regional developments such as the Riverside Mall, one of Old Mutual Properties flagship regional malls, The Grove and Standard Bank regional head office.
Situated on the one of the busiest arterial roads in the country, the Nelspruit White River R40 corridor, it was inevitable that the Riverside Park precinct would attract the major motor dealerships in the region. With all the major dealerships represented in the precinct, the addition of VW, Audi, Nissan, Honda and Suzuki which are planned to be developed over the next 24 months, makes Riverside the home for the motor sector in the region.
The first casino in Mpumalanga, Emnotweni Casino and two hotels, Emnotweni Sun and Stay Easy cater for both the tourists and business travelers.
The Grove shopping centre provides a further 35,000m² of destination and convenience retail to complement the Riverside Mall, making the Riverside node the premier retail destination in the region attracting shoppers from the wider region including Swaziland and Mozambique with it’s variety of retail experiences and pleasant shopping environment. With a Makro super store opening in November 2011 the retail frenzy continues.
Riverside Park not only offers work, shopping and leisure experiences, but also integrates residential living as part of the mixed use experience. Carefully planned and situated alongside the Botanical Gardens, the various housing developments offer modern units in secure complexes with breathtaking views and all with the convenience of being part of the precinct. To date over 200 housing opportunities have been created and taken up by the market.
The green field opportunity afforded to Halls Properties, the township developers, allowed them to carefully plan the regional node with a combination of well thought out precinct plans and appropriate urban design controls. This has resulted in a well integrated and functioning urban node. This planning framework continues to be implemented and managed through the Riverside Park Precinct Association a registered section 21 Company that has established a City Improvement District (CID) in Riverside Park to manage the public spaces in the precinct in partnership with Mbombela Local Municipality.
Halls Properties purpose is to create great urban landscapes and make a difference to the community.
The master planning together with urban design controls and management have resulted in an attractive yet functional mixed use node that does the Capital City of Nelspruit proud and continues to contribute towards Nelspruit’s strong economic growth.
At Halls Properties we believe the recent challenges in the global property industry present great opportunities for those who have learned the lessons of the past but whose eyes remain firmly focused on the future. We have a assembled a team with a depth of expertise and experience that is unmatched in the Lowveld.
If you’re serious about investing in your future – as a business, family or individual – we’d recommend you explore our website and talk to us about sharing in the many opportunities offered by Halls in the Lowveld property market.
LOWVELD TO GET ECONOMIC BOOST WITH R250-MILLION NEW MAKRO STORE
SA retail giant shows confidence in Riverside Park, Nelspruit by adding Makro to the local mix
Press Release • Craig Lewis • 17 November 2010
The new 6.5 hectare site in Riverside Park has already been cleared in an area adjoining the new N4 bypass road, diagonally north west of The Grove and just west of the R40 thoroughfare connecting Nelspruit and White River.
Massmart currently operates 14 Makro stores in large metropolitan centres across South Africa, selling food, liquor and general merchandise to retail and wholesale customers. Its big-box warehouse format operates on a high-volume, low-margin approach to sales of quality branded merchandise.
Massmart already has other significant commercial interests in Nelspruit with its Game, Dion Wired and Builders Warehouse stores. The strategic decision to add a Makro to the local mix was taken after a thorough review of opportunities and growth prospects in the Lowveld retail and wholesale market.
In terms of the Riverside Park deal, Halls Properties has sold the land to Johannesburg-based developers Eris Property Group, who will develop the site to Massmart specifications. The developed property will be retained in the Eris Property Fund as an investment... Eris counts Rand Merchant Bank, Royal Bafokeng Holdings and Tiso Group among its major shareholders, and will be using a number of Lowveld contractors to help with the construction of the huge 16 500m2 Makro store over the next 12 months. R & L Architects, one of the architectural firms behind the acclaimed Mbombela 2010 Stadium will also be responsible for the design of the new Makro store in Riverside. Halls will be responsible for the provision of supporting infrastructure and services such as roads, water, sewer and electricity to the site within precinct.
“This deal consolidates Riverside Park as the premier retail node in the region, and we’re delighted that a leading South African retail group has once again shown confidence in the growth prospects for the Lowveld,” says James Aling, managing director of Halls Properties, the visionaries and developers of the Riverside Park precinct.
Riverside Park, a formally constituted City Improvement Distinct (“CID”) is fully operational and administered by the Riverside Park Precinct Association (RPPA) ensuring a well marketed, maintained and secure node. The new warehouse development will comply with the Urban Design Framework for Riverside Park and will enjoy excellent access and visibility.
The deal once again proves that the Lowveld’s leading companies can compete on the national stage and successfully partner with their larger Gauteng-based counterparts.
“We are extremely excited at the prospect for this new development in Riverside Park, and delighted to be working together with the professional team at Halls. This is not our first development in the Lowveld, but certainly the largest investment in the area to date. Given the growth opportunities that the region offers, we have a strategic intent to expand our investment portfolio in the Lowveld ” says Barend de Loor, director at Eris Property Group.