This shopping centre is located in Florida, Roodepoort, Gauteng.  The building is managed by Hermans & Roman on behalf of Sharemax. 

Market research was carried out to determine which potential national tenants would further complement the centre.  

Some renovation has already been completed in the centre. The gents- and ladies toilets have already been upgraded at a cost of R350 000, and the office block has been painted at a cost of R360 000. 

The lifts will finally be replaced within a few months. The main entrances will be changed in the coming months, the whole centre will be retiled and repainted inside and out.  A palisade has already been erected around the centre to improve security. 

An architect is currently drawing up plans for the further upgrading of Flora centre, so that they may be submitted to the City Council for approval.

Nando’s has already let us know that they want a drive through facility on Flora’s site, and this will render further growth.  Spur restaurants has notified the building manager that they would like to open a restaurant at the main entrance of the centre.  Planet Fitness wants to open a 2 400 m² gymnasium in the centre.

Pick ‘n Pay want to upgrade their store around mid 2010. This will mean a positive injection for the centre because it confirms their confidence in the buying power at the centre.  Their lease is also valid for the next five years, with another two options to extend by an additional five years each.

Flora centre is going to undergo a complete metamorphosis which will mean that more value will be unlocked for the shareholders, and this will improve the growth potential for the investors.