Richmond Park Development Well Underway

Richmond Park is set to be one of the largest property developments in Cape Town, with 300 000m² of gross bulk lettable area on an 84ha site with a 99-year lease.

Set to become the dominant business site on the N7 with easy access, The project is well under construction and is expected to develop rapidly. Richmond Park will provide businesses with a well located, top-quality commercial park with retail, light industrial, offices, logistics and warehousing development.

Part of the new development is the Richmond Corner Retail Centre, a 7000m² shopping centre planned to open in March 2019. It is expected to house 23 retail stores including Pick n Pay, Clicks and Planet Fitness.

Over the next five to 10 years, during construction, The new business development is expected to create around 15,000 jobs.

Interesting to note the land is owned by the Richmond Park Community who were forcibly removed from the land between 1972 and 1984. The land was transferred back to the community in 2014 with 401 families representing 5,300 people spanning five generations. The Richmond Park Community leased the land to the Richmond Park Development Company and has a 25% shareholding in the development company.

For more information visit the website.