Growthpoint Properties has launched a R270 million(≈US$17.2) redevelopment and expansion of Paarl Mall in South Africa’s Western Cape, reinforcing its strategy of investing in high-performing retail assets to drive long-term value and portfolio resilience.
The property group said the project forms part of its active asset management approach, which prioritises modernising and expanding core shopping centres with strong trading fundamentals. Paarl Mall has consistently delivered solid performance, supported by stable footfall, strong tenant demand and its role as a dominant retail destination in the Paarl and wider Cape Winelands region.
The redevelopment will increase the mall’s gross lettable area and introduce additional retail space designed to attract new anchor tenants, national brands and enhanced food and lifestyle offerings. Growthpoint said the expansion is structured to improve shopper flow, convenience and overall experience, while strengthening the mall’s competitive position in a growing regional market.
Upgrades will also include improved access points, reconfigured internal layouts and modernised finishes to align the centre with evolving consumer expectations and retailer requirements.
Growthpoint noted that the project is expected to support local economic activity during construction and beyond, creating jobs and increasing commercial activity in the area. Paarl Mall serves a fast-growing residential and agricultural hub, with demand driven by population growth, tourism and increased investment in the Western Cape.
The company said investing in assets such as Paarl Mall allows it to balance risk and returns while maintaining a portfolio aligned with long-term urban and regional development trends.
The expansion comes as South African retail landlords adapt to changing consumer behaviour, with greater emphasis on convenience, experiential retail and food-led offerings. Growthpoint said well-located, dominant malls with strong tenant mixes remain resilient, even amid broader economic pressures.
Construction is already underway, with completion expected to further enhance Paarl Mall’s status as a key retail and social hub in the region.
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