Property Flash


February 2 2024

The Colony Arms shopping centre which is now called The Woods, is up for sale. This shopping centre which has operated in Craighall, Sandton for decades, was revamped in 2022 and 2023 after Laudecento acquired it acquired it from JSE-listed group Emira Property Fund. It was redeveloped by Cadastral Capital.

The Woods lies just next to Hyde Park, an affluent suburb famous for its international visitors and wealthy residents. SA’s current President, Cyril Ramaphosa, lives in the suburb.

The Woods includes tenants such as neighbourhood pub Colony Arms, Checkers, Baby City and restaurant Mother in Las\w. Galetti Corporate Real Estate is tasked with selling the shopping centre through a sealed bid process. The centre has a 160kWh solar system and promises a projected annual net income of R18.35m for its new owner. It is located at 345 Jan Smuts Avenue.

Guy Dowding, joint managing director of Galetti Auction says the group is welcoming competitive bids up until February 29 2024.

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