Africa-Press – Eswatini. In a groundbreaking move that promises to elevate community living of Malkerns and the greater area to new heights, the Select Group, the owners of Malkerns Square has announced the launch of Phase 2 of its development plan.
This ambitious expansion includes a state-of-the-art retail space and the introduction of approximately 300 apartments, which will be available for purchase for ownership or rental.
Creating
The Group, known for its commitment to creating vibrant and sustainable communities, is set to transform the retail landscape with its larger and more diversified retail offering.
The new space is designed to cater to a wide range of preferences and needs, from boutique stores to flagship brands, offering an unparalleled shopping experience for residents and visitors alike.
The Group envisions the retail space as a central hub that fosters community engagement and creates a lively atmosphere for all. With over E300 million already invested in the current development, this additional retail space is expected to become a major economic driver, attracting businesses and shoppers from across the region.
In a bid to provide accessible housing solutions, Malkerns Square is introducing approximately 300 apartments as part of Phase 2.
What sets this development apart is the innovative approach to homeownership, the apartments will be available for rent and for purchase on a rent-to-own basis. This model allows individuals and families to gradually transition from renting to owning, providing a unique structure to homeownership.
Undertaking such a comprehensive expansion comes at a significant cost, and the Group is not shying away from the investment required to make Phase 2 a reality.
In addition to the E300 million already invested, the company is committing an additional E700 million to bring this ambitious project to fruition. Lyle Hutton, the Estate Manager said that “the substantial investment reflects the confidence in the project’s success and its dedication to creating a community that stands the test of time”.
As the Group embarks on this transformative journey, the Phase 2 development promises to redefine the standards for community living, offering a unique blend of modern retail experiences, innovative housing solutions, and a commitment to sustainability.
The company invites residents and stakeholders to join hands in shaping the future of Malkerns Square and the community it serves.
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