Main shareholder of premium mixed-use development Melrose Arch has plans to nearly triple the precinct’s size over five to eight years AMDEC, the main shareholder of premium mixed-use development Melrose Arch, has plans to nearly triple the precinct’s size over five to eight years.Amdec’s expansion plans will see Melrose Arch growing to 600,000m² from its existing 225,000m². The developer plans to add a mix of high-end shopping, residential and office space.It has 375,000m² of land suitable for development that is being used for its expansion.Melrose Arch is worth R8bn and will be valued at about R20bn at completion, on current projections.The majority of the expansion will be used to boost the office component but residential will also be included.Various developers are building properties in what they have selected as business nodes, to cater for the growing number of professionals in Gauteng. These include Hatfield and Rosebank."We believe that Melrose Arch can become the main de...
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