SHOWING LISTING 1 OF 1
 
GET EMAIL
ALERTS

Old Rembrandt Mall

Contract
Price R121,000,000
Size 19,000m²

le Joubert Property

CONVERSION OF ORIGINAL BAT FACTORY INTO A CONTEMPORARY SHOPPING MALL
The Rembrandt Tobacco Corporation established in 1948 by the late Dr Anton Rupert, obtained the land along the Berg River and a modern cigarette and tobacco manufacturing plant was established over the decades. This plant was ahead of its time and the first manufacturing machines of long filter cigarettes were installed at the Rembrandt Group factory in Paarl in 1952, making it the most state-of-the-art manufacturing plant in the world at that time. The plant has been relocated to Heidelberg in Gauteng.

The old British American Tobacco factory had been vacant for several years before developer Dawie Joubert bought the property at auction in 2011. Since then plans have been drawn up and the building altered to make way for a 42-shop shopping centre situated in busy Lady Grey Street.

Old Rembrandt will create a contemporary, vibrant one-stop retail experience, anchored by Pick n Pay. Altogether 42 shops are planned and focus will be on meeting the apparel and fashion needs of the community with stores that include Tekkie Town, Pep, Rebel Fashion, Trends and Shoeline. The centre will also have a food court to satisfy local appetites and offer a relaxed seating area.

SERVICES AND OUTCOME
Key Projects were appointed as Project Managers, Principal Agent and Tenant Coordinators.

The project was challenged by a low percentage of tenant commitment at the outset of design and construction. The impact led to a high volume of change requiring a robust change control system and cost control. A success of the project was balancing the strong relationships between the key players with a robust contractual basis.

Completed in March 2015.

 
  • 1
 

Get Email Alerts

Sign-up and receive Property Email Alerts of Commercial New Developments in Paarl South, Paarl.

I accept your privacy terms. Privacy Policy
We will communicate real estate related marketing information and related services. We respect your privacy. See our Privacy Policy

Disclaimer: While every effort will be made to ensure that the information contained within the Key Projects website is accurate and up to date, Key Projects makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

R
R

Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

You currently have no favourites.
Click on the favourite icon for a property to add it to your favourites.