Shoprite Checkers is selling the award-winning Drakenstein Centre (Drakenstein Sentrum) in Paarl, Western Cape, to FPG Holdings.
Shoprite Checkers is selling the award-winning Drakenstein Centre in Paarl, Western Cape, to FPG Holdings.
The firm completed and handed over the shopping centre to its owners, Shoprite Checkers, in October 2021. The shopping mall positions itself as offering a boutique retail offering, including fashion and footwear, health and beauty, home and décor, and food and beverages. It created 182 new jobs and elevated the customer experience by introducing in-store services, a strong emphasis on fresh food, and greater convenience.
The South African Council of Shopping Centre’s Annual Retail Design and Development Awards recognised the centre’s great design.It also achieved recognition as a finalist in the 2022 Steel Awards, presented by the Southern African Institute of Steel Construction .The Competition Commission has recently approved a deal in which Shoprite Checkers plans to sell the Drakenstein Centre to FPG Holdings.
FPG Holdings invests in rentable office, retail, and industrial properties in the Western Cape, Northern Cape, Gauteng, and North West.
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