"Nelson Mandela Square has been trading in its current format for almost 20 years and plays an important role within the broader Sandton complex," said Alex Phakathi, Liberty Property Portfolio Fund Manager, Stanlib Direct Property Investment, asset managers for the Liberty Group's property portfolio. "This facelift will ensure the tenant mix and aesthetics align to that of the recently refurbished and expanded Sandton City."
Amelia Beattie, Chief Investment Officer Stanlib Direct Property Investment, said, "The plan is to completely modernise and improve the aesthetics throughout the centre. This, together with new retail brands and dining options on a rejuvenated piazza area, will ensure a sustainable future for Nelson Mandela Square in a competitive market place."
"Another key motivator for the development is to address the visibility issues between the two floors of the mall area. We have plans to bring in a new anchor tenant with a double height store front, and space that spans over two levels."
