Spar purchases Kgale Shopping Centre from Kirbys

Thursday, May 25, 2023 | 5180 Views |

Hive of activity: Kgale Shopping complex PIC: PHATSIMO KAPENG

Tsetseng Retail Group, the operator of Spar stores around the country, has moved to purchase the Kgale Shopping Complex, where the supermarket chain is an anchor tenant.

The Competition and Consumer Authority is assessing Tsetseng’s bid to purchase the shopping complex and as yet, no value for the proposed transaction has been publicly disclosed.

According to the Authority, Tsetseng’s shareholders are Kevin Peter Gerard Lawless as well as Ride Investments and Fega Holdings. Ride Investments in turn controls Derek Brink Holdings and Rita Brink Holdings (Pty) Ltd.

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Spar purchases Kgale Shopping Centre from Kirbys

Tsetseng Retail Group, the operator of Spar stores around the country, has moved to purchase the Kgale Shopping Complex, where the supermarket chain is an anchor tenant.