Growthpoint Properties is undertaking an expansion of the Walmer Park Shopping Centre in Gqeberha, with the first phase of the project having commenced in March 2026. This significant redevelopment represents a R75 million investment by Growthpoint Properties. The final phase of this expansion is projected to conclude in November 2026. As part of the initial revamp, new retailers Burnt Studios and Old School opened in July 2026, according to Growthpoint Properties. Both brands are exclusively available at Walmer Park in Gqeberha. This expansion is set to bring several new stores to the Eastern Cape market, enhancing the retail offering for residents and visitors alike.
Growthpoint stated that these investments align with the company's broader retail portfolio strategy. The strategy prioritises capital allocation to dominant shopping centres that exhibit strong trading metrics and have proven potential for reinvestment, particularly those located in key coastal metropolitan areas. The company's commitment to these centres shows its focus on maintaining and enhancing high-performing assets within its portfolio. This strategic approach ensures that investments are directed towards properties that offer long-term growth and stability.
New Stores and Phases
The expansion of Walmer Park Shopping Centre will introduce several new stores to the Eastern Cape market. Among these additions will be the first Yuppiechef physical location in the region. This new store will debut in the final phase of the development, marking Yuppiechef's initial entry into the Eastern Cape. The final phase of the expansion is also set to introduce the international beauty brand ARC, offering a new luxury retail experience to shoppers. Additionally, a redesigned iStore will be part of this final phase, providing an updated and enhanced experience for technology enthusiasts.
The initial phase of the expansion has already brought new retail options to the centre. Burnt Studios and Old School, two new outlets, opened their doors in July 2026 as part of this first stage. These openings contribute to the centre's evolving retail offering, providing customers with additional choices. The introduction of these brands reflects the ongoing development strategy for Walmer Park Shopping Centre, which aims to diversify and modernise its tenant mix. Further enhancing the centre's appeal, stores such as Bootlegger Coffee, FARO, and Slops and Clogs previously opened in August 2026. Looking ahead, the opening of Mr DIY is anticipated in October 2026 as part of the second and final phase of the expansion, adding a popular home improvement retailer to the centre's diverse offerings.
Centre Context and History
Walmer Park Shopping Centre, which is owned and operated by Growthpoint Properties, currently encompasses approximately 43,000 square metres of floor space. The centre houses around 120 stores, providing a full shopping destination for the community. Growthpoint Properties stated that the redevelopment represents the eighth upgrade in the centre's 38-year history, demonstrating a continuous commitment to its modernisation and relevance. This long history of investment notes Growthpoint's dedication to ensuring Walmer Park remains a leading retail hub in the region.
Growthpoint Properties has undertaken six major retail redevelopments across its portfolio, showcasing its expertise in enhancing and expanding commercial properties. A spokesperson for Growthpoint Properties confirmed the recent additions, stating, "Burnt Studios and Old School, both of which are available exclusively at Walmer Park in Gqeberha, opened in July 2026 as part of the first phase of the mall revamp." The company further elaborated on its investment strategy, noting, "These investments reflect Growthpoint’s broader retail portfolio strategy of prioritising capital allocation to dominant centres with strong trading metrics and proven reinvestment potential, with a particular focus on key coastal metros." This strategic focus ensures that capital is deployed effectively to maximize returns and enhance the shopping experience. The Walmer Park expansion is a testament to this ongoing strategy, reinforcing the centre's position as a key asset within Growthpoint's portfolio.
Strategic Vision and Sustainability
Growthpoint Properties has allocated a R75 million investment towards the expansion of Walmer Park Shopping Centre. The company stated this capital expenditure shows its commitment to enhancing its retail assets and ensuring their long-term viability. This substantial investment is part of a broader strategic vision to maintain Walmer Park's status as a premier shopping destination in Gqeberha. The expansion is designed not only to introduce new retail options but also to improve the overall functionality and aesthetic appeal of the centre, catering to evolving consumer preferences.
The redevelopment project at Walmer Park incorporates several sustainability initiatives. These include the installation of energy-efficient lighting throughout the centre, which will significantly reduce electricity consumption. Additionally, a rooftop solar installation is being implemented to reduce the centre's reliance on conventional energy sources, contributing to a smaller carbon footprint. The project also features a filtered borehole water supply system, aiming to decrease municipal water consumption and enhance water security for the property, a critical consideration in many regions. Growthpoint Properties has previously indicated that such investments align with its strategy to focus on dominant shopping centres that demonstrate strong trading performance and potential for reinvestment, particularly in key coastal metropolitan areas. The integration of these sustainable technologies is part of a broader approach to modernise and future-proof the retail space while addressing environmental considerations and operational efficiencies. These initiatives reflect Growthpoint's commitment to responsible property management and its dedication to creating environmentally sound commercial spaces.
Industry and Tenant Perspectives
Growthpoint Properties, a JSE-listed real estate investment trust (REIT), is continuing its expansion efforts at Walmer Park. As a REIT, Growthpoint focuses on generating income through property investments, and strategic expansions like this are key to its growth and profitability. The final phase of the redevelopment will introduce international beauty brand ARC and a redesigned iStore, adding to the centre's diverse tenant mix. Previously, stores such as Bootlegger Coffee, FARO, and Slops and Clogs opened in August 2026, further enriching the retail landscape. The opening of Mr DIY is anticipated in October 2026 as part of the second and final phase of the expansion, bringing a popular retail brand to the centre. These investments align with Growthpoint's broader retail portfolio strategy, which prioritises capital allocation to dominant centres with strong trading metrics and proven reinvestment potential, particularly in key coastal metropolitan areas. This approach is consistent with other projects within Growthpoint's portfolio, including the R270 million upgrade and expansion of the Paarl Mall, demonstrating a cohesive strategy across its retail assets. The continuous introduction of new and diverse tenants ensures that Walmer Park remains competitive and attractive to a wide range of shoppers, reinforcing its position as a leading retail destination in the Eastern Cape.
