REDEVELOPMENT PROJECT 2021
Early in 2021, amidst the COVID-19 Pandemic, TFG (The Foschini Group) and Orion Real Estate, started negotiations to open another four TFG brands at Promenade Shopping Centre, to complement the already successful Exact and Relay Jeans brands. After successful negotiations, an agreement was reached and Board approvals were obtained to open Markham, Totalsports, American Swiss and The FIX at Promenade Shopping Centre.
Construction commenced in early May 2021 and the project entailed the relocation of existing Tenants and adding an additional 852 sq.m to Promenade Shopping Centre’s GLA (Gross Lettable Area). Four beautiful Stores were created in prime locations to complement the already successful Tenant Mix of Promenade Shopping Centre. American Swiss and The FIX were the first to open their doors for trading in September 2021, Markham and Totalsports followed in December 2021.
All four new Stores are exceeding their trading expectations and continue the long-standing relationship between TFG and Orion Group. Further discussions and planning for our Phase 2 development are underway.
