Pembury Lifestyle Group, the JSE\u2019s third listed schools group, has entered into an agreement to acquire a property in Mnandi, Centurion.<\/p>\n
The group said that the proposed acquisition is in line with its stated intention of acquiring three properties during 2017, to enable the opening of at least three new campuses in 2018.<\/p>\n
The company has already secured the first two schools for 2018, namely PLG Greenhills Academy, based in Randfontein and PLG Carlswald Academy, based in Midrand.<\/p>\n
“This is the third property acquisition as planned for 2017,” it said.<\/p>\n
PLG Midview Academy will open in January 2018 and will comprise three additional schools being a Pre Primary School, a Primary School and a High School, Pembury said.<\/p>\n
Various improvements to the property will commence in August 2017 in preparation for the 2018 intake of pupils. The property is suited for expansion to 2,000 pupils and boarding for 400 pupils over next 4 years.<\/p>\n
“There is a notable lack of schooling in this area, with many families transporting their children long distances to find suitable schooling,” Pembury said.<\/p>\n
With the addition of the PLG Midview Academy, PLG Carlswald Academy and PLG Randfontein, the PLG schools division will grow in 2018 from 7 to 10 campuses and 19 to 28 schools, with a future potential capacity of 11,000 students.<\/p>\n