As far as I recall, the Builders hold a construction Lien over the Building and its site! They were never paid for the work they undertook, so are sitting tight. The interior is probably 75% completed, even the escalators are installed. Its draw card was to be that most of the Parking is inside the building, and each spot is no more than 25m from a lift or escalator- unlike the Malls in Pretoria where most of the parking is in open uncovered /unsecured parking area. A recent offer was made to the Liquidators and it is being scrutinized and discussed by the parties involved according to recent press reports.
I live in Moreleta Park and I drive past it regularly. It's so sad seeing it everytime I drive past it. I feel bad especially for the people who lived on that land who were relocated. Can you imagine how they must feel seeing that all those efforts to relocate them, uprooting them from a place that's probably been home for years for many of them, eventually amounting to nothing.
They should make it into a Live/Work space with apartments, childcare, offices, a market, a library and educational centers. Make the large green space a park.
No... make it into a technical university. Bring the Russians to introduce their way of teaching engineering and medicine; I would go so far as naming it Brezhnev Technical University in honour of the titanic contribution the Soviets made to the liberation of not just Southern African in general, and South Africa in particular, but the whole world.
White people swindled retirees. This what they mean by a Ponzi scheme. The reason why you do not hear about it, is because it is another crime committed by white men.
if you want money you work for it not to wait for someone to give it to you. i mean they wasted their money not yours "in that word if you dont want to get hungry wake up start to hustle for yourself government never forced you to live in this world
My folks could inhabit a shop there since they invested half their retirement funds via a friend (fin. advisor) in Sharemax... Key point: even if advised by close friends, do your homework.
Such an inconsiderate comment. Imagine retirees who invested all their lifetime savings, they're obviously hoping they will get something out of it or at least their grandkids. Fortunately there's law and it's highly unlikely govt will win such a move
The developers had good intentions amids the risks involved. So sad things didn't work out good. Their other shopping mall, the Zambezi Mall didn't do good either and was taken over by the Chinese and is now call China Mall.
this is greed in all its glory, because what we need is always more concrete and consumerism. The ecosystem is collapsing, this is the legacy for your children. If you tolerate this...
What about all the pensioners that put there money into this non existenting building. Will there profit if yours are going to do something with that building
White men swindled other white people. Why do white people want black people in their affairs all of a sudden. White on white crime leave it alone. The government should use eminent domain to seize the property and turn it into a public university to teach medicine and STEM subjects
If this was done by the black ANC, the story would be an anthem recited at every opportunity by white people. This is their white doing, that is why it is hardly know
No. Return the land to its black owners, convert the property on it into a university specialising in science and technology; The victims of the white on white investment scheme can sue each other court.
This has nothing to do with black people. This was a white scheme in which whites swindled other whites. This is why you do not hear about it. It is white on white white collar crime. The ANC should reposes this African land, and repurpose any buildings on it for the public good by making a university specialising in STEM and medicine
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The government should purchase it and turn it into a university.
Best idea of the year😊
Fair point
Lol you live in a dream
They can't fix streetlights or potholes but ok. Keep dreaming 😂😂😂
So people can strike for free education that they will never pay back?
As far as I recall, the Builders hold a construction Lien over the Building and its site! They were never paid for the work they undertook, so are sitting tight. The interior is probably 75% completed, even the escalators are installed. Its draw card was to be that most of the Parking is inside the building, and each spot is no more than 25m from a lift or escalator- unlike the Malls in Pretoria where most of the parking is in open uncovered /unsecured parking area. A recent offer was made to the Liquidators and it is being scrutinized and discussed by the parties involved according to recent press reports.
I live in Moreleta Park and I drive past it regularly. It's so sad seeing it everytime I drive past it. I feel bad especially for the people who lived on that land who were relocated. Can you imagine how they must feel seeing that all those efforts to relocate them, uprooting them from a place that's probably been home for years for many of them, eventually amounting to nothing.
I see it often. I think it can make for a great district hospital with a teaching university hospital. It can even be a science and innovation centre.
I like the way you think about it.
They should make it into a Live/Work space with apartments, childcare, offices, a market, a library and educational centers. Make the large green space a park.
No... make it into a technical university. Bring the Russians to introduce their way of teaching engineering and medicine; I would go so far as naming it Brezhnev Technical University in honour of the titanic contribution the Soviets made to the liberation of not just Southern African in general, and South Africa in particular, but the whole world.
How Sad 😭😭 I Hope That They Find A Way Out Of This Mess😮😮
I always wondered what happened there because it's been there for years and nothing is happening.
White people swindled retirees. This what they mean by a Ponzi scheme. The reason why you do not hear about it, is because it is another crime committed by white men.
It will make a nice Paintball Arena
😂😂😂
In the mintime 😂
🤣🤣🤣🤣🤣🤣🤣🤣🤣
I thought it could be used as a backdrop for a Call of Duty video game
Thanks for sharing your experience l wish you well. Don't you have idea about unfinished building in Pretoria
I think it's name is The Villa and Yes a Plan is in Motion but all involved parties/stakeholders must agree on Stipulated Prerequisites
Surely,this is how money is put to waste in South Africa while so many people are poverty stricken and in need of this money. It's a shame!!!
Money was not put to waste, the banks sabotaged this investment because they were not made part of it
Show me one place in Africa where a white man did good for or cared about the needs of a black man...
if you want money you work for it not to wait for someone to give it to you. i mean they wasted their money not yours "in that word if you dont want to get hungry wake up start to hustle for yourself government never forced you to live in this world
My folks could inhabit a shop there since they invested half their retirement funds via a friend (fin. advisor) in Sharemax... Key point: even if advised by close friends, do your homework.
Government should nationalis without compensation and give it to other investors with good project in open competitive bidding.
Such an inconsiderate comment. Imagine retirees who invested all their lifetime savings, they're obviously hoping they will get something out of it or at least their grandkids. Fortunately there's law and it's highly unlikely govt will win such a move
Government can do better than that and turn it into a university teaching medicine and STEM subjects
Govrnment cannot organise anything. . . and will pocket proceeds. Where is Richard Branson is
I live close to this thing: it is a real eyesore 😳😳😳
I'm think this place into A indoor Theme Park
The developers had good intentions amids the risks involved. So sad things didn't work out good. Their other shopping mall, the Zambezi Mall didn't do good either and was taken over by the Chinese and is now call China Mall.
Can't it be converted to something else? School? Uni? Hospital?
this is greed in all its glory, because what we need is always more concrete and consumerism. The ecosystem is collapsing, this is the legacy for your children. If you tolerate this...
What about all the pensioners that put there money into this non existenting building. Will there profit if yours are going to do something with that building
White men swindled other white people. Why do white people want black people in their affairs all of a sudden. White on white crime leave it alone. The government should use eminent domain to seize the property and turn it into a public university to teach medicine and STEM subjects
SA already has an oversupply of commercial properties, which is why, as an investment, it doesn't look attractive at the moment.
Turn it into a university.
I know the building is around my neighborhood
Sharemax >Nova Properties (Centro property management).
Thats a big mall , I wish they come up with a plan for it.
Leonid Brezhnev Technical University specialising in STEM subjects and medicine
I thought these things only exist overseas 😮😮😮😮😮😮😮
What is this accent
I remember the story of this property and Sharemax. It is a disaster for mostly retiree investors
If this was done by the black ANC, the story would be an anthem recited at every opportunity by white people. This is their white doing, that is why it is hardly know
I know this Mall
Turn it into a university or a hospital
Sell it and pay the investors back!!
Who will buy it.
Currently no rich enough investors but eventually that is gonna happen. Sadly some of the investors will not live long enough to see that
No. Return the land to its black owners, convert the property on it into a university specialising in science and technology; The victims of the white on white investment scheme can sue each other court.
What a complete waste of money.
white on white, white collar crime.
My mother in law lost a lot of money in this scheme
Malls make people poorer 😊
White on white crime. The government can salvage this by turning it into a public university specialising in STEM and medicine
Aarg go ahead ask the anc 😅
This has nothing to do with black people. This was a white scheme in which whites swindled other whites. This is why you do not hear about it. It is white on white white collar crime. The ANC should reposes this African land, and repurpose any buildings on it for the public good by making a university specialising in STEM and medicine
Paint ball house....
No! A university teaching STEM and medicine, graduation 100 medical doctors and 5000 engineers are year.
Paintball feild
No! Leonid Brezhnev Technical university specialising STEM and medicine.