New developments on the Shoprite property landscape
With a strong presence across Africa, the Shoprite Group is well positioned to continue its expansion into new, as well as under-serviced existing markets. As part of its growth strategy, our Property Division focuses on securing new trading opportunities to accommodate the Group’s ever-expanding retail offering. This task involves identifying and securing new premises through leases, as well as acquiring land for development should the property industry be unable to do so.
Our property portfolio
Our existing property portfolio comprises both owned and head-leased properties. These include vacant land, retail shopping centres, stand-alone supermarket buildings, distribution centres and offices. Most of the Group’s long-term head-leased properties are of a historical nature and resulted from the past acquisition of Checkers in 1991 and OK Bazaars in 1997.
Laying the foundation for ongoing growth
Our strategic approach to securing new trading opportunities comprises an effective combination of market research, property development and long-term leasing and management expertise.
Before committing to a new property, we use extensive demographic projections to track trends and shifts in consumer patterns. The development and re-development of properties are supervised in-house through every stage, from planning and design, right through to construction and leasing.
A team of in-house designers and draughtsmen is responsible for producing internal store layouts for all brands that stay abreast of international store design trends and that are individually tailored to meet site-specific requirements and criteria relevant to each trading opportunity and market. This ensures all stores are optimised for effective stock management and the use of trading space.
The division is also responsible for the management and administration of the Group’s existing lease and property portfolio. This includes the handling of all lease negotiations, whether with external landlords or the subletting of shops.
Property partnerships built on success
We are always exploring new opportunities to expand our footprint in South Africa and beyond. Property owners who partner with the Group profit from long-term leases with optimal returns on their investment.
Should you require leasing opportunities, have vacant land for sale or retail premises to let, we’d like to partner with you.