Commercial Property News South Africa

Philippi shopping centre extension ready for December season

The Philippi Shopping Centre's extensions and redevelopment should be ready for festive season trading in early December 2013. The Cape Town-based centre adds 1450m² to its footprint and includes new retailers such as Ackermans and Shoprite Liquor.
Philippi shopping centre extension ready for December season

"With Shoprite as the anchor tenant and another 20 tenants, the extension offers exciting opportunities, not only to consumers in this underserviced area, but also to retailers looking to expand into this growing area," says Sean Paul, MD of Spire Property Management that manages the centre on behalf of Fortress Income Fund.

Philippi is growing and retail development is a necessary element for successful urban renewal, especially in underserviced areas.

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