Novare Great North Mall project, Zambia
Name of the Project
Novare Great North Mall project.
Location
Lusaka, Zambia.
Client
Novare Africa Property Fund II.
Project Description
The proposed mall will be an enclosed commercial precinct with an overall lettable area of 26 000 m2.
The project will be a one-storey enclosed commercial precinct, comprising retail outlets ranging between 70 m2 and 850 m2, two major food and dry goods anchor retailers of 3 500 m2 each, and a building supplies area of about 4 500 m2.
The project will also include an extensive car park, with landscaped gardens.
Jobs to Be Created
Not stated.
Value
The project is estimated at $27-million.
Duration
The mall is due to open in the first quarter of 2018.
Latest Developments
The International Monetary Fund proposes to invest $4.5-million under an A loan for its own account and a syndication of $4.5-million from a parallel lender.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Novare Africa Property Fund II, tel +27 11 447 9605, fax +27 11 447 9405 or email lulamile@novare.com.
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