Companies / Property SHOPPING CENTRE Brightwater Commons shopping centre gets trendy redevelopment BL PREMIUM

The Brightwater Commons shopping centre, which has struggled to catch on since it was originally built as the Randburg Waterfront just more than 20 years ago, is once again being redeveloped as its new owners have a go at making a success of it. A consortium has now acquired the site and will be building a multi-use development which it will launch in phases in 2019. Ferndale on Republic, a new 53,000m² mixed-use development, will transform Randburg’s shopping landscape, says Pieter Lombaard, CEO of the Moolman Group, which is part of the consortium. The group is responsible for development and leasing for the mixed-use space which will serve 36,000 households in a 3.5km radius. It owns the site and assets which will be built on it, in partnership with the PHG Group and Tekkie Town founder Braam van Huyssteen. Randburg is no longer able to accommodate an entertainment offering as it cannot compete with the likes of Cresta Shopping Centre and Clearwater Mall to the west, Sandton City...