Key Takeaways

  • Strategic Asset Sale: Atterbury has agreed to sell Pan Africa Shopping Centre in Alexandra to Vukile Property Fund after completing significant improvements to optimize the property for tenants, customers, and partners.
  • Comprehensive Revamp Completed: The centre was fully renewed inside and out, featuring new anchor tenant Boxer and expanded stores for major South African brands including Clicks, Ackermans, Fashion World, Pep Home, Boxer Liquor, Roman’s Pizza, plus larger Truworths and Studio 88 stores.
  • Enhanced Customer Experience: Key improvements include a new outdoor food court seating area complete with a fun play area for families, creating a more attractive and family-friendly shopping environment.
  • Continued Partnership for Growth: Despite the sale, Atterbury will maintain its association with the asset through a partnership with Vukile to develop Phase 2 of Pan Africa Shopping Centre, indicating ongoing expansion plans.
  • Strong Handover Position: The centre is being transferred to its new owners in an optimized condition with improved tenant mix and amenities, positioning it well for future success in the Alexandra community.

The Atterbury team bids a fond farewell to Pan Africa Shopping Centre in Alexandra, an iconic asset that we have agreed to sell to Vukile Property Fund.

At Atterbury, we are passionate about creating places that are optimised for our tenants, customers and partners. We are proud of the improvements made to this centre while it has been part of our portfolio and entrust Pan Africa to its new owners in a strong position for its customers, community and the future.

We will be handing over the centre fully renewed and revamped, inside and out. Pan Africa’s most recent improvements include a new anchor tenant, Boxer, and new shops from favourite South African brands Clicks, Ackermans, Fashion World, Pep Home, Boxer Liquor and Roman’s Pizza, as well as substantially bigger Truworths and Studio 88 stores. A highlight of the refreshed centre is its beautiful new outdoor food court seating, complete with a fun play area.

Pan Africa Shopping Centre has a bright future, and we are delighted to continue our association with this asset and Vukile to develop Phase 2 of Pan Africa Shopping Centre. Watch this space!