Owner of Menlyn Park Shopping Centre, Pareto Limited, alongside Divercity Property Group, have broken ground on the R850 million residential redevelopment of Menlyn Office Park to deliver 1 200 new apartments.

The project includes developing 460 new residential apartments through office-to-residential conversions of the existing three- and four-storey buildings alongside 740 new apartments to be delivered across four newly constructed buildings, planned at heights of up to 10 storeys.

The new apartments will sit within the lush, green, tree-rich environment of the park, and benefit from extensive neighbourhood amenities all linked within walking distance, including more than 400 stores, services and restaurants at Menlyn Park Shopping Centre.

Divercity and Pareto will co-design the residential precinct and co-own it on a 50/50 basis upon completion with Divercity providing residential property management services through its subsidiary Ithemba Property Management.

The conversions and new builds will progress simultaneously, with the first units scheduled for delivery in 2027.