Ricochet News

R500 Million in Construction Projects in Pipeline at Baywest

Jan 15, 2015
R500 Million in Construction Projects in Pipeline at Baywest

Development around the Baywest Mall will kick off later this year “with R500 million worth of construction projects in the pipeline”.

Baywest MD Gavin Blows says the projects include office blocks and motor showrooms.

Blows says that also included in Phase 1 of the giant project is 100 000 square metres of office and commercial tenants space and about 20 000 housing opportunities, while a private hospital and school are also planned.

He says that the timing of Phase 2 will depend on “market demand for the offerings,” adding that this phase could be rolled out “within four to six years’ time”.

Phase 2 will see the creation of an additional 20 000 housing opportunities, a light industrial park and “value retail developments”.

Blows says that it is planned to roll out the entire Baywest City Project “over 10 to 15 years”.

He says that “everything is on track” for the grand opening of the Baywest Mall in mid-April “barring any interruptions, such as the labour unrest, which was experienced throughout the construction industry last year”.

Statistically, the impact of the Baywest Project on jobs in the construction sector, coupled with ongoing construction work in the Coega Industrial Development Zone (IDZ), will be known when the next Quarterly Labour Force Survey figures are released by Statistics South Africa.

The figures are scheduled for release on February 10.

In terms of construction jobs, the Baywest Project is ahead of target with an independent Audit showing that since mid-2013 almost 4 300 people have been employed against an initial forecast of 3 000.

The Coega Development Corporation announced at the end of last year that several construction projects, collectively worth R4 billion were on track in the Coega IDZ and would reach completion before the second quarter of the 2015/16 financial year.

The CDC said that at that point approximately 2 400people were employed in the IDZ and at the Port of Ngqura. - MetroMinutes.