CANAL WALK OUTPERFORMS SA'S SUPER-REGIONAL SHOPPING CENTRE BENCHMARKS
Canal Walk shopping centre remains one of the most sought-after business locations – for both retail and offices - in South Africa.
Gavin Wood CEO of Canal Walk explains that the high tenant retention is a strong sign of business confidence in Canal Walk. “There is upbeat demand for new and extra space at Canal Walk. While our positive trading performance drives retail demand, businesses choose offices at Canal Walk to be centrally located, secure and benefit from unparalleled access to retail, banking and parking.”
Cotton On, which opened at Canal Walk less than a year ago, has already moved to larger premises to right-size its store for the mall’s shopper market. The much loved Australian clothing brand opened its first 1000m² Super Store in Cape Town on 9 November 2012. Its existing 250m² store will be converted into a Factorie brand store to compliment the flagship Cotton On and Typo stores in the mall. Renowned for its fashion essentials and affordable prices, the brand has been welcomed with open arms in South Africa and is firmly cementing itself in the hearts of fashionistas across the country.
Canal Walk has also attracted a superstar line-up of new retailers this year. New shops include Superga, Steve Madden, Fielli, Typo, Entrepo, H.O.M, Hugo Boss, Boardriders and XOXO.
Canal Walk Shopping Centre is Africa's leading super-regional retail mall, it is the jewel in the crown of JSE listed property heavyweight Hyprop Investments Limited’s portfolio (80%) which it co-owns with Ellerine Bros (Pty) Ltd (20%). It is located in Century City, a 250ha city in the making, midway between the Cape Town and Bellville CBD's.
Its dominant presence attracts diverse shoppers from an extensive portion of the Western Cape, and further afield, with its comprehensive retail and leisure options of 400 shops, services and restaurants. Blue-chip companies occupy office space in the two eight-storey prime office directly above the mall, with spectacular views of Table Mountain and Robben Island and easy access from the N1.
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