Grit Assets - Zambia

Country overview

15.2

Population (million)

26.6

GDP (USDbn, 2015)

2.7%

Real GDP growth rate (2016 ave forecast)

1 358

GDP / Capita (USD, 2015)

19.63%

CPI (2016 ave forecast)

B3

Moody’s credit rating

Zambia property portfolio.

Property details

Mukuba Mall (50% ownership)

Location:

Anchor Tenant:

Sector:

Land Title:

GLA:

Parking Bays:

Vacancy:

Valuation (as at June 2017):

Transfer Date:

Kitwe, Zambia

Shoprite, Game, Pick n Pay

Retail

Leasehold

28 230 m²

670

0.9%

US$69.8 million*

End of December 2016

Kafubu Mall (50% ownership)

Location:

Anchor Tenant:

Sector:

Land Title:

GLA:

Parking Bays:

Vacancy:

Valuation (as at June 2017):

Transfer Date:

Ndola, Zambia

Shoprite

Retail

Leasehold

12 140 m²

180

2.4%

US$23.5 million*

End December 2016

Cosmopolitan Mall  (50% ownership)

Location:

Anchor Tenant:

Sector:

Land Title:

GLA:

Parking Bays:

Vacancy:

Valuation (as at June 2017):

Transfer Date:

Lusaka, Zambia

Shoprite, Game

Retail

Leasehold

26 512 m²

1 300

1.3%

US$74.9 million*

End June 2017

* Valuation figure for 100% of the asset

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