Sandton City's rooftop transformation set to redefine African retail
The property business line in the Insurance and Asset Management (IAM) business unit of the Standard Bank Group, Liberty Two Degrees (L2D), a precinct focused retail-centred portfolio, aims to continue to position its malls as hubs that offer more than just the traditional shopping experience.
To embrace the evolving needs of customers, L2D intends to create vibrant community hubs and lifestyle destinations, and is thus expanding the offering at Sandton City, as part of its strategic rooftop masterplan.
In line with the L2D Interactive Spaces strategic building block, that aims to provide vibrant and diverse spaces and experiences within the malls, L2D's vision for Sandton City will ultimately unlock the rooftop to future development opportunities and a thriving potential for leisure, sport and dining in the heart of Africa's richest square mile.
Through the strategic redevelopment of Sandton City's rooftop area, L2D's long-term master plan is designed to align with the evolving lifestyle needs of its increasingly diverse and experience-driven customer base.
Melinda Isaacs, developments executive at L2D comments, 'The development of the Sandton City rooftop holds a pivotal opportunity in the mall's evolution.
"We are not only introducing new lifestyle elements but reimagining how customers engage with our retail spaces, ensuring our malls are relevant and responsive to future-facing consumer behaviours. Through this opportunity, we aim to create multifaceted hubs that support societal needs.
"In addition to creating interactive spaces, the aim of the rooftop activation is to create safe spaces through the provision of a safe urban space where visitors can increase their dwell times. This will also ensure that we continue to attract a broader demographic to the centre.'
Rooftop lifestyle upgrade
The initial implementation of Sandton City's rooftop initiative began with the installation of Net Set Padel, a premium padel centre located at entrance 8 with the indoor courts officially opened in March 2025. With sweeping 360-degree views across the Sandton skyline, the rooftop facility features four indoor and four padel outdoor courts built to international standards.
L2D's vision for Sandton City's new rooftop activation is to ultimately feature a curated mix of recreation, entertainment, and convenience-led amenities to encourage longer dwell times and attract a broader market segment.
'This phased transformation forms part of Sandton City's broader 20-year spatial plan to remain at the forefront of international retail trends, while adapting to changing consumer expectations,' adds Isaacs.
Elevated urban experience
By converting underutilised rooftop space into a multifunctional destination, L2D is positioning Sandton City as an integrated urban node where retail, sport, dining and digital convenience intersect.
Sandton City already houses over 375 world-class brands and experiences. With this rooftop transformation underway, the centre is set to further entrench its position as South Africa's leading hub of retail, entertainment, and curated lifestyle.
All rights reserved. © 2022. Bizcommunity.com Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
16 hours ago
- Zawya
Cassa Depositi e Prestiti and SACE provide EUR250 Million to Africa Finance Corporation
Africa Finance Corporation (AFC) ( the continent's leading infrastructure solutions provider, has secured a landmark EUR 250 million 10-year term loan facility from Cassa Depositi e Prestiti (CDP) the Italian Financial Institution for Development Cooperation. The transaction is backed by a guarantee from SACE, the Italian insurance and financial group fully owned by the Italian Ministry of Economy and Finance, covering up to 80% of the facility amount. The financing builds on engagement at the Mattei Plan-Global Gateway summit, attended by Italian Prime Minister Giorgia Meloni, European Commission President Ursula Von der Leyen, CDP, SACE and AFC, where the parties confirmed their intent to collaborate. The facility is structured to cultivate Italian supply chain opportunities in infrastructure and renewable energy generation, including the supply of components for the Lobito Railway Corridor - a commercial railway line that will run through Angola and extend to the borders of Zambia and the Democratic Republic of Congo. This long-term facility deepens AFC's strategic partnership with both CDP and SACE, while reinforcing its mandate to mobilise high-quality, long-tenor capital in support of delivering sustainable infrastructure across Africa. "Cassa Depositi e Prestiti confirms its role as a strategic partner in supporting infrastructure projects with a high social and economic impact in Africa. With this financing - said Dario Scannapieco, Chief Executive Officer of CDP - we are strengthening business and technological relations between Italy and Africa, enhancing talent and innovation. We are convinced that investing in strategic projects not only creates new opportunities for our companies but also helps to build lasting and shared ties capable of fostering growth and well-being for local communities." 'We are proud to contribute to the involvement of Italian companies in the transport and logistics sector to realise a significant strategic project like the Lobito Railway Corridor within the Mattei Plan,' said Alessandra Ricci, CEO of SACE. 'This collaboration reaffirms SACE's commitment to promoting new connections for Italian companies seeking to diversify their exports and embrace new growth opportunities.' ' Our partnership with CDP, further strengthened by SACE's guarantee, exemplifies the power of blended finance in unlocking capital for infrastructure development in Africa,' said Banji Fehintola, Executive Board Member and Head, Financial Services, AFC. ' The Lobito Corridor is a transformational project that will open new trade routes for resources, support regional industrialisation, accelerate job creation and strengthen Africa's position in global value chains, while delivering long-term, inclusive growth. ' Distributed by APO Group on behalf of Africa Finance Corporation (AFC). SACE Media gallery: Media Enquiries: Communications Africa Finance Corporation Email: communications@ SACE Press Office ufficiostampa@ CDP Media Relations Tel: +39 06 42213990 Website: Follow CDP on: LinkedIn: X: Facebook: Instagram: YouTube: About Lobito Corridor Rail Project: The railway line will be approximately 830 km long and will connect Chingola in Zambia to Luacano in Angola with the aim of facilitating the transportation of agricultural products, minerals and consumer goods. The greatest opportunities for the Italian supply chain in the region lie in sectors such as energy, renewables, transportation and logistics. About CDP: Cassa Depositi e Prestiti is the National Promotional Institute which has been supporting the Italian economy since 1850. The main goal of CDP is to accelerate the industrial and infrastructural development of Italy to boost its economic and social growth. CDP focuses its activities on sustainable development at local level, supporting the innovation and growth of Italian enterprises, also in the international arena. It partners local authorities, in a financing and advisory capacity, to create infrastructures and improve services of public value. CDP also participates actively in international cooperation initiatives to realize projects in developing countries and emerging markets. Cassa Depositi e Prestiti is entirely financed by private capital, through the issuing of Postal Savings Bonds and Postal Savings Passbooks, and through issues on national and international financial markets. About SACE: SACE is the insurance and financial group controlled by the Ministry of Economy and Finance, specialising in supporting the growth of Italian companies through a wide range of solutions to facilitate export and innovation, including financial guarantees, factoring, risk management and protection, advisory services and business matching. With a network of 11 offices in Italy and 13 worldwide in target countries for Made in Italy products, SACE serves over 60,000 companies, supporting their growth in Italy and globally, with a portfolio of insured operations and guaranteed investments totalling EU 267 billion across approximately 200 foreign markets. About AFC: AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC's approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure development needs and drive sustainable economic growth. Eighteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in core infrastructure sectors. AFC has 45 member countries and has invested over US$15 billion since its inception.
The National
16 hours ago
- The National
Money & Me: ‘Raising Dh2 million in funding for my start-up is a milestone'
For Jennifer Cohan Solal, buying a home in Dubai and raising funds for her UAE-based retail start-up are major financial milestones. The French citizen, 37, who lives on Dubai's Palm Jumeirah with her husband and two children, is chief executive and co-founder of Hushday, a premium flash sales platform. The company offers limited-time flash sales from luxury and premium brands in a members-only space for the digital-first generation. In April, it raised more than Dh2 million ($550,000) in pre-seed funding. Launched just this year, Hushday offers members access to sales across fashion, beauty, accessories, electronics, home and leisure products. The company is already considering plans to grow beyond the UAE and expand operations into Saudi Arabia, Qatar and Kuwait. 'We're not here to patch a post-Covid inventory issue. We're here to open a new, scalable path for growth for brands who want to reach a younger, price-sensitive, digital audience,' says Ms Solal, who has lived in Dubai for more than two years. 'We found our paradise here as entrepreneurs. There's something very inspiring about the UAE's pace, vision and ambition. It's the best choice we've ever made.' Before moving to the Emirates, Ms Solal worked in fashion and e-commerce sectors for more than 12 years and studied marketing at a French business school. Did wealth feature in your childhood? What did you learn from it? I grew up in a fairly privileged environment. Both my parents were doctors, but nothing was handed to them. They arrived in France from Algeria with nothing, and built their lives through hard work and education. That influenced me the most, seeing first-hand how much it takes to succeed and how deeply independence and resilience are rooted in our family culture. So even though we never lacked anything, my parents always told me to be careful and thoughtful about money, and above all, to rely on myself. That mix of stability and drive has shaped every decision I've made. How did you first earn? My first job was with a start-up when I was 18. I launched a luxury concierge service company in Paris by procuration for a woman who had an amazing idea, but no time to execute it. So, I did everything from A to Z for her and gained more recognition and experience than money. I enjoyed the feeling of autonomy, the sense that if I wanted something, I had the power to go out and make it happen. My first real job was with The Other Store, and my job was to create and manage e-commerce websites for brands. I was 20 years old and got paid €1,000 ($1,154) a month. Any early financial jolts? The biggest financial setback was when I left the corporate world to launch my first start-up, L'Ultime, in Paris. I call it the first digital native vertical brand in pastry. Although the brand gained strong visibility in France, the media attention was incredible and the revenue looked exciting, I quickly learnt the difference between revenue and profit and between brand hype and sustainable growth. So, it was humbling, but also an incredible experience. I met a lot of inspiring people and understood the deeper mechanics of running a business. It made me a stronger and responsible entrepreneur. How do you grow your wealth? I'm in reinvestment mode, so I pour most of my capital into building a long-term vision for Hushday. I have also invested in Dubai real estate. My husband and I purchased a villa on Palm Jumeirah two years ago. We also have property investments in France. Are you a spender or a saver? I'm more of a spender now, but spend consciously. I invest in my business, in quality experiences with my family and in our lifestyle. But I aspire to become more of a saver in the years to come because I want to build a legacy and create a financial foundation that brings freedom, not stress. Have you been wise with money? Yes, I've always been careful with money. I don't take reckless risks such as big spending sprees or flashy purchases, apart from the occasional luxuries I need during sales or beautiful family trips. I've never lived beyond my means. I was raised to be intentional with money and that has stayed with me. Even now as I build my company, I make sure that every dirham I spend serves a purpose and receives a return on investment. What has been your best investment? My best investment was on my own education and self-development, in my children's education and in Dubai. We love this city and feel aligned with its energy and ambition. We are committed to creating something meaningful here for our family and the ecosystem. Any cherished purchases? Yes, everything in our home is a cherished purchase. All items, from the furniture to the decorations, have been chosen with intention. I spent a lot of time and energy to build our home. I love the feeling when people walk in and say it doesn't feel like a house, but a home. Every morning, my husband and I almost cry when we wake up and see the sun and sea in front of us. How do you feel about money? Money is just a consequence, it's not a goal. It gives you freedom, but it doesn't define success. For me, what matters most is creating an impact, leaving a mark and building something lasting. Being the richest person in the cemetery never interested me. I want to do something that lives beyond me and make my children and family proud. Any financial advice for your younger self? Start saving earlier, not out of fear, but to gain freedom. Understand that money buys you time, leverage and peace of mind. Use it to invest in skills, ideas and people who elevate you. Never confuse visibility with value. Also understand that growth is quiet, but compounding is magic. Any key financial milestones? Raising our first round of funding for Hushday was huge, not just because of the capital but the confidence it signalled from people who believe in our vision. Another milestone was buying our home in Dubai before we moved here from Paris. It was a statement of trust in ourselves, in our family and in the life we're choosing to build here. What luxuries are important to you? Spending quality time with family and friends, discovering new places and getting lost in different cultures. When we will eventually be free from work, my husband and I plan to do a world tour. So, it's not always about price, but about the richness of experience and emotions. What are your financial goals? Financial independence is non-negotiable. But right now, my main focus is on creating value and building Hushday into the future leader of premium private sales in the Gulf region. I want to create strong returns for investors and build a brand that resonates across borders.
Zawya
17 hours ago
- Zawya
From Discovery to Delivery: Building a Legal Framework for Namibia's Midstream Infrastructure (by Rachel Mushabati)
By Rachel Mushabati, Senior Associate Attorney&Country Head – CLG Namibia ( Namibia's recent offshore oil discoveries mark a pivotal moment in the country's energy sector. With major players such as Shell, TotalEnergies, QatarEnergy, and Galp uncovering significant reserves, Namibia is poised to become a key oil producer. However, while exploration and production activities have gained momentum, the midstream sector; involving transportation, storage, and refining of petroleum, remains underdeveloped. A strong legal framework for midstream infrastructure is essential to ensure that Namibia maximizes economic benefits, attracts investment, and builds a sustainable energy industry. CLG Legal and Business Advisory, with its extensive advisory experience across Africa, is uniquely positioned to support this transition. CLG has advised on midstream regulatory frameworks, infrastructure structuring, and investment promotion strategies in various jurisdictions, and brings this expertise to the Namibian context. Understanding Midstream Infrastructure and Its Importance Midstream infrastructure serves as the critical link between oil extraction and the end consumer. This includes pipelines, refineries, storage facilities, and specialized port infrastructure that facilitate the transportation of crude oil and natural gas. Without adequate midstream infrastructure, Namibia risks becoming an exporter of raw crude without capturing additional value through processing and distribution. A robust midstream sector can boost job creation, industrial development, and energy security, making it a strategic national priority. Market studies from other African producers have shown that well-developed midstream infrastructure can contribute up to 30% more in local value addition compared to direct crude exports.[1] In Ghana, for instance, domestic refining and pipeline infrastructure contributed significantly to its GDP growth in the petroleum sector between 2016–2022. Namibia has the opportunity to tap into similar economic potential.[2] Existing Legal Framework and Gaps Namibia's petroleum sector is primarily governed by the Petroleum (Exploration and Production) Act 2 of 1991 and the Petroleum Products and Energy Act 13 of 1990. These laws focus largely on upstream activities and the regulation of downstream petroleum products. However, there is no dedicated midstream regulatory framework. The absence of clear midstream regulations means there is little guidance on ownership structures, investment incentives, and operational guidelines for pipelines, storage, and refining facilities. For example, Nigeria's midstream sector prior to the Petroleum Industry Act (2021) faced significant bottlenecks due to the absence of a clear regulatory framework, particularly regarding third-party access and tariff setting for pipeline infrastructure. These issues led to investor reluctance and underinvestment, which were only addressed after the establishment of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (Nigeria Petroleum Industry Act, 2021). Lessons from Other Oil-Producing Countries Namibia can draw inspiration from countries that have successfully developed midstream infrastructure through effective regulation. Norway, for example, has established a robust midstream legal framework that ensures state participation in pipelines and refineries while promoting private investment.[3] Ghana has a dedicated Petroleum Midstream Regulatory Authority that oversees infrastructure development and ensures compliance with environmental and safety standards. Similarly, Nigeria's Petroleum Industry Act (2021) introduced the Nigerian Midstream and Downstream Petroleum Regulatory Authority, which provides clear guidelines on pipeline ownership and operations. The Role of Key Stakeholders in Strengthening Namibia's Legal Framework To unlock the full potential of the midstream sector, coordinated action is required among various stakeholders: Government Ministries and Regulators: Responsible for drafting legislation, setting environmental and safety standards, and issuing licenses. Private Sector and Investors: Bring in capital and technical expertise, while also needing legal certainty to invest confidently. State-Owned Entities: Can serve as infrastructure operators and strategic partners in public-private partnerships. Civil Society and Communities: Essential for ensuring environmental accountability and social license to operate. Legal Advisory Firms: Provide technical assistance in drafting laws, structuring transactions, and navigating policy reform. Strengthening Namibia's Midstream Legal Framework To address the existing gaps, Namibia must develop a comprehensive legal framework that clearly defines the governance of midstream activities. A dedicated Midstream Act would be a crucial first step, providing legal certainty on pipeline infrastructure, refineries, storage, and transportation. Encouraging public-private partnerships can drive midstream development while ensuring local participation. Establishing an independent regulatory authority will help enhance transparency, streamline approvals, and enforce compliance. Additionally, Namibia should implement policies that prioritize local employment and skills transfer, ensuring that midstream investors contribute to national workforce development. Environmental and safety standards must also be strengthened to mitigate risks associated with pipeline integrity, spill prevention, and emergency response. To further attract investors, tax breaks, duty exemptions, and streamlined licensing processes should be introduced to make Namibia a more competitive destination for midstream infrastructure development. Conclusion For Namibia to fully capitalize on its oil discoveries, it must establish a strong midstream legal framework that facilitates the efficient transportation, storage, and processing of petroleum resources. Without this, the country risks losing significant economic value and remaining dependent on crude exports. By adopting best practices from other oil-producing nations and implementing strategic legal reforms, Namibia can create a thriving midstream sector that benefits both investors and citizens alike. CLG stands ready to support this transformation, leveraging its pan-African expertise in midstream regulation, infrastructure development, and legal advisory. Our team has been instrumental in shaping midstream legal regimes across West and Central Africa, and we are committed to helping Namibia build a regulatory foundation that supports sustainable growth and long-term prosperity. [1] Ruben, R., Kuijpers, R.,&Dijkxhoorn, Y. (2022). Mobilizing the Midstream for Supporting Smallholder Intensification. Land, 11 (12), 2319. [2] Oxford Business Group. 'Ghana's energy production targets and exploration attract investment'. Retrieved from [3] Norwegian Petroleum Directorate (2021). 'Midstream Regulatory Framework and Investment Guidelines'. Distributed by APO Group on behalf of CLG.
