The UIP has received an official update from the Oceans Development on their construction situation, which is summarised herein: Oceans development construction on the mall and residential site has been halted due to the ‘complications’ resulting in the developer having to re-negotiate. These negotiations are close to being finalized and construction will commence shortly. The building programme of this R4,3bn – 250 000 square metre development are now synchronized to ensure the effective opening of the Oceans.
The UIP will post more updates as they become available to us.
