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30

CONSTRUCTION WORLD

JUNE

2016

SIGNIFICANT PORT ELIZABETH INVESTMENT PROPOSAL

PROJECTS AND CONTRACTS

Emfuleni will contribute its

land in return for an equity

stake. Parktown Capital are

leading the development and

tenanting, with Sun Interna-

tional ensuring that the mix and

design are complementary to its

existing business, which should

drive footfall and business to

the entire precinct. Set on a 13,3

hectare site within The Board-

walk precinct – envisioned in

its final form to be a mixed-use

lifestyle node situated together

with the natural landmark of

Hobie Beach – The Boardwalk

Mall’s components have been designed to meet the needs of PE’s residents

and visitors.

Emfuleni is making application to the Eastern Cape Gambling and Betting

Board to amend its casino licence for an additional 20 years beyond its

current expiry date of October 2025 in return for this investment. In 2000,

Sun International and Emfuleni originally invested over R500-million to

build the Boardwalk and a further R1-billion to extend its licence thereafter.

Designed to complement The Boardwalk’s other leisure offerings and

serve the needs of surrounding communities, the project will provide local

residents and visitors with a range of retail offerings, activities and attrac-

tions. This will be an essential new component of the broader Boardwalk

precinct, identified and earmarked by the Nelson Mandela Bay Metro as an

important growth node that will accelerate the Metro’s economic growth,

job creation and increased returns to the Province.

The project is designed to deliver on the Eastern Cape Provincial

Government’s objectives in terms of job creation and black economic

empowerment. As many as 8 500 new jobs are envisaged to be created

during a two year construction period and 1 500 jobs during operations.

The new development is planned to include:

• A 35 000 m² mall, offering restaurants, high-end convenience, and

niche retail with eateries and entertainment. It will be arranged

around a revised water feature and the new Sun Park that will be

used to support and host special events and entertainment

• A 2 570 m² multi-purpose events venue

• A 2 000 m² Magic Company including a Laser Tag facility and

bowling alley

• 1 832 m² of movie theatres

• 4 000 m² of corporate offices

• 3 000 parking bays

The Boardwalk Mall will be appropriately and sensitively themed to fit within

the urban fabric of The Boardwalk as a whole in terms of both its visual

impact as well as the anticipated impact from the expected influx of visitors.

The Boardwalk Consortiumalso proposes to provide amore effective and

relevant entertainment icon for the City: the vibrant new Sun Park. The Sun

Park will occupy an area of about half a rugby field, around and incorporating

the revised fountain water feature. It is designed to be a community-centred

entertainment zone to stage and host a wide range of activities from sports

events to staged concerts, open-air cinema, wine-tastings and corporate

launches/tourism exhibitions. The venue will also form part of Sun Inter-

national’s national concert/show circuit.

The range of restaurants and bars at The Boardwalk Mall will represent

a vibrant mix to suit all tastes and all ages, and are spread around the

perimeter of the shopping centre. Both fine dining and popular local brands

will be offered.

Retail planned for the Boardwalk Mall will showcase both local and

imported goods. Shops will be positioned close to all major public entrances

and will appeal to a broad cross-section of residents. Quick service food

and beverage offerings will be located close to the proposed Sun Park

with easy access to the dedicated children’s play area, the crèche, and the

Magic Company.

Said Bongi Siwisa, chairman of Emfuleni Resorts,“The Boardwalk Consor-

tium believes this development fulfils all the requirements for a considered,

well-planned addition to this critical node, and that from the day it opens it

will become a popular regional destination attraction for Nelson Mandela

Bay. An investment of this size – the largest ever in tourism and hospitality

in Port Elizabeth, amply demonstrates our belief and confidence in the long

term potential of the Metro and the Province.”

Emfuleni Resorts recently outlined its proposal

to develop a R1,3-billion mixed use development

on currently under-utilised land in the Boardwalk

Precinct in Port Elizabeth. The Boardwalk Mall

would include a retail mall, a multi-purpose events

venue, entertainment offerings and corporate

offices. Emfuleni, together with partners Parktown

Capital, believe that the current site offers

exceptional opportunities for all.

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