From humble retail beginnings FPG Group/Foodprop was established in 1989 as a wholly owned subsidiary to the Foodworld Group which was then the biggest independent retail chain in the Western Cape and consisted of 13 retail supermarkets and 4 wholesale outlets that was started by L.A Parker, I.S Abdurahman and I.A Parker in 1986.
Foodprop was created in order to build a property owning entity for sourcing new sites for its retail division and to build a diverse property portfolio to include the industrial and office sectors. The first property that it acquired and still owns today was a small 5 tenanted retail property in a Suburb in the Cape Flats called Bishop Lavis where Foodworld was the anchor tenant at the time.
Over the years the portfolio has grown consistently through the development and acquisition of selected properties offering long-term sustainable growth prospects. In 2005 the Foodworld Stores chain was sold to Shoprite Checkers and all the Foodworld outlets were rebranded as Shoprite outlets. In 2006 the group completed its biggest single property development worth R300 Million called “The Claremont”, which consisted of 322 apartments and a ground floor retail component. The development was sold 70% off plan and went on to spur all the other residential developments on Claremont main road, that is visible today.
In 2011 the group acquired the highly sought after KFC franchise license to open stores in the Western Cape, going somewhat back to its initial roots. It then opened its first store in Bishop Lavis and is currently busy developing its third store.
In 2013 the move to a property core with allied businesses warranted a name change that more accurately reflects the broader focus. The new name chosen was FPG Group with new corporate identity, effective June 2013. The Group has also been structured into clearly defined divisions, from the full spectrum of property services,to Fast Foods (KFC outlets) to Service Station Convenience Centre (Shell) and a Distribution business(which distributes Tobacco products and Snacks to Forecourts). Also in 2013 FPG Group made its first overseas acquisition with the purchase of a retail property in Rugby in the United Kingdom. The property is the first foray into what we envision to be a long-term strategy.
Today FPG Properties has grown to include more than 34 properties primarily focused on the retail sector with limited exposure in the office, industrial and residential sectors. The portfolio comprises a gross lettable area of more than 105,475m² with over 70% of this space being occupied by national tenants.
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