Press Office

CANAL WALK SHOPPING CENTRE ATTRACTS LEADING INTERNATIONAL RETAIL BRANDS

07 July 2006

Canal Walk Shopping Centre, the super-regional shopping mall centrally located in Cape Town, continues to attract leading international retail brands and will become the location of the first-ever stand-alone South African Puma store.

Set to open in August, Puma will showcase the brand’s global outlook across 172m2 at Canal Walk where it will join Pringle of Scotland, which recently opened its 175m2 boutique store in Canal Walk. Sissy Boy (70m2), Lee Cooper (90m2) and Aftershock (103m2) will all soon be included in the growing number of preeminent international fashion brands which hold strategic leases at this iconic centre.

Owned by listed property company Hyprop Investments Limited (80%) and Ellerine Bros (Pty) Ltd (20%), during 2005 over 20 million shoppers visited Canal Walk, increasing by a substantial 7% from the previous year.

The success of Canal Walk Shopping Centre has also attracted leading international brands and local retailers to the mall including Adidas, La Senza, Tommy Hilfiger, Nike, Lacoste, Jeep, Levisons – which offers glamorous brands such as Hugo Boss and Mont Blanc – Metrosexual and Rockport.

“The continued enhancement of our brand retail offering is in line with the centre’s strategy to present a shopping experience comparable with the best in the world,” say Canal Walk CEO, Wayne Abegglen.

Canal Walk now has nearly 90 branded fashion, footwear and accessory outlets and boutiques, representing the most sought after local and international brands and comprising a quarter of the centre’s 400 stores.

The arrival of the new retailers further enhances and refines Canal Walk’s tenant mix and effectively fills the centre to capacity.

This accomplishment is one in a succession of positive and exciting achievements that has been realised in the past months, including the launch of the Canal Walk Foundation which is a proactive social initiative supporting projects that contribute to socio-economic development and empowerment in areas such as education, health, job creation and the sponsorship of arts development programmes.

Positive trends are also revealed in the sale of Canal Walk’s gift vouchers, a strong indicator of the perception and desirability of a shopping centre’s brand amongst consumers, which increased by an extensive 42% in 2005.

Canal Walk’s superlative position in the burgeoning node of Century City, the location of many of Cape Town’s leading businesses and already home to nearly 4,000 residents, is expected to contribute considerably to the continued growth in the centre’s visitors and turnover. “Canal Walk Shopping Centre is well positioned for future growth, making it a highly desirable location for the world’s leading fashion brands such as Puma,” notes Abegglen.