Latest Commercial Property News

December 12, 2017 - by Zak Shah

Mall in Mozambique is Set to Be on Track

$20m Pemba shopping centre invested by Atterbury is set to be on target as the first phase is now complete, the investing company focuses on South Africa first but plans to cover the rest of Africa shortly after.

South Africa is said to be suffering from a low-growth environment however this new shopping mall could potentially bring more investment in the future. The 8,000m2 centre is looking good for its opening day on June 29th next year.

They are also potentially looking to at a fuel station which will make the centre even more attractive, the centre will feature 20 stores including a food court, they have enforced very tight security for this area 24 hours a day alongside 250 parking bays.

“The city of Pemba has enormous economic potential and we are proud to invest in its future with this key development. Doing business in Mozambique, and in Pemba specifically, has been an immensely positive experience,” Cobus van Heerden, of Atterbury Property Development, said.