Hyprop welcomes the first Starbucks in sub-Saharan Africa
Global coffee conglomerate, Starbucks entered the South African market today with its first flagship store, located in Hyprop’s head office building, on the corner of Cradock and Tyrwhitt Avenues, next to Hyprop’s Rosebank Mall. Hyprop’s tenant Taste Holdings, signed an exclusive licensing agreement with Starbucks to roll-out the brand nationwide.
Hyprop CEO Pieter Prinsloo says: “We are proud to welcome the very first Starbucks in sub-Saharan Africa and look forward to growing our involvement with the brand further. Hyprop’s investment proposition is to invest in shopping centre properties which dominate their catchment areas in terms of size and quality, thereby attracting new concept and flagship stores, resulting in our properties being the preferred location for international brands such as Starbucks”.