Shanduka has a 52% stake in the Diepkloof Retail Development.

In 2004 the City of Johannesburg Property Company invited developers to submit proposals for the development of a site at Diepkloof Ext. 3, Soweto. The site was formally the Mandelaville Informal settlement, and had subsequently been cleared to facilitate its developments.

In July 2004 a joint venture between McCormick Property Development (MPD), and Millenium Consolidated Investments (MCI – now Shanduka) won the bid for the development of a regional shopping centre at this site.

The other two sites adjacent to the site in question were awarded for the development of an upmarket, high-density residential cluster development, and a large hospice.

Construction is expected to commence in October 2012.