Redevelopment Project 2021
Early in 2021, amidst the COVID-19 Pandemic, TFG (The Foschini Group) and Orion Real Estate Ltd, started negotiations to open another four TFG brands at Promenade Shopping Centre, to compliment the already successful Exact and Relay Jeans brands. After successful negotiations, an agreement was reached and Board approvals 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 852m2 to Promenade Shopping Centre’s GLA (Gross Lettable Area). Four beautiful Stores were created in prime locations to compliment 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 continues the long-standing relationship between TFG and Orion Group. Further discussions and planning for our Phase 2 development is underway.