Rundu N$165 Million Mall to Open in 2015

THE Rundu Mall that is being developed by property developer, Safland is expected to open in April 2015.

Safland said yesterday that overall contribution to retail sales of the mall is estimated at N$ 280 million per annum and N$ 1,6 billion over five years while Foreign Direct Investment (FDI) is estimated at N$120 million and the development value at N$ 165 million, Mirinda van der Merwe Safland’s leasing director said.

Construction of this new mall began in February this year and the centre is being built in two phases with phase one comprising our anchor tenant Shoprite and another 5 000 square meters being taken up by Clicks, Pep Home, Checkers Liquor, Hungry Lion, KFC, Street House, Ackermans, Style and Beaver Canoe.

Van der Merwe said the focus by Developer Safcoll, a fund managed by Safland International, is to try and accommodate new tenants that are not yet present in Rundu instead of duplicating shops and creating unnecessary competition.

“It is always our aim to build a g brand around our malls and to ensure tenant and shopper satisfaction on all levels. This includes new shops which offer shoppers a variety,” she said.

Van der Merwe said that phase one will open on 30 April 2015, while phase two is envisaged to be finalised by May 2015 with an additional 9 000 square meters.

“This means the end product will cover an area of 14 000 square meters making it the biggest shopping centre in northern Namibia. Initially we also had a look at another stand on the outskirts of Rundu but decided to build centrally, thereby keeping the mall within the CBD of Rundu, thus strengthening the business district instead of creating more competition. We followed the same principle in Otjiwarongo and Ondangwa and this has been a winning recipe for the towns, the population and Namibia as a whole,” she said.

Safland is also building the Grove Mall of Namibia in Windhoek, set to open in September this year.

In Rundu, 300 people are employed during the construction and once the mall is operational approximately 250 people will be employed.

Source : The Namibian