"Not everybody is comfortable with the idea that politics is a guilty addiction. But it is. They are addicts, and they are guilty and they do lie and cheat and steal — like all junkies. And when they get in a frenzy, they will sacrifice anything and anybody to feed their cruel and stupid habit, and there is no cure for it."
~ Hunter S. Thompson
The Golden Acre Shopping Centre in Cape Town has finally SOLD for a price tag of R781 000 000💸
This was a really complicated deal, and it has taken months for the property to finally transfer. In February this year, the Competition Commission approved the deal.
The price includes the building next door, located at 11 Adderley Street. The shopping centre itself has a total of 55 730m2 of retail and office space.
The new owner (Putirex (Pty) Ltd) is quite far down the line with their plans to redevelop the 110m-high Golden Acre Tower and upgrade the retail area. The concrete tower was initially built by Sanlam in 1979.
Golden Acre is home to around 100 retailers, some of which include Ackermans, Markham, Foschini, Sportscene, Totalsports, Shoprite, McDonald’s, Wimpy, KFC, Steers, and Hungry Lion.
Do you have any special memories associated with this building? I would love to hear them in the comments.
I am surprised and embarrassed to be a part of the first American generation to leave the country in far worse shape than it was when we first came into it.
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Tomorrow! We hope to see many of you for some networking and TikTok-ing 🤳🏽 🎬👯♀️
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