Page 25 - SAR141018_Forterra AR 2013

FORTERRA
ANNUAL REPORT 2013 23
overall positioning, tenant mix
and launch of The Place, with
particular consideration given to
changing opportunities in market
conditions, following changes in
the management leadership in
October 2013.
When completed, The Place will
be a revitalised office and retail
mixed use development with
the retai l portion positioned
as a contemporary fami ly
oriented premier mall that offers
qual ity shopping, dining and
entertainment experiences.
With respect to the individual
components of The Place the
following is to be noted:
The Place Phase 1
The refurbishment work is
sustainably completed and
discussions with tenants for their
fit-out works have commenced
since February 2014.
The Place Phase 2
Food street – Demolition work was
substantially completed during the
year and facade renovation works
have commenced since February
2014.
New bridge – Base slab is under
construction as scheduled and the
structure topping out is expected
to be done by end April 2014.
The Place Phase 1 – Common Circulation Area
The Place Phase 3 – A Happy Day at the Topping Out Ceremony