Grit Assets - Zambia

Country overview


Population (million)


GDP (USDbn, 2015)


Real GDP growth rate (2016 ave target)

1 358

GDP / Capita (USD, 2015)


CPI (2016 ave target)


Moody’s credit rating

Zambia property portfolio.

Property details

Mukuba Mall (50% ownership)

Location: Kitwe, Zambia
Anchor Tenant: Shoprite, Game, Pick n Pay
Sector: Retail
Land Title: Leasehold
GLA: 28 236 m²
Parking Bays: 670
Occupancy: 97%
Valuation (as at June 2018): US$38.5 million*
Transfer Date: End of December 2016

Kafubu Mall (50% ownership)

Location: Ndola, Zambia
Anchor Tenant: Shoprite
Sector: Retail
Land Title: Leasehold
GLA: 11 923 m²
Parking Bays: 180
Occupancy: 99%
Valuation (as at June 2018): US$13 million*
Transfer Date: End December 2016

Cosmopolitan Mall  (50% ownership)

Location: Lusaka, Zambia
Anchor Tenant: Shoprite, Game
Sector: Retail
Land Title: Leasehold
GLA: 25 675 m²
Parking Bays: 1 300
Occupancy: 98%
Valuation (as at June 2018): US$40.5 million*
Transfer Date: End June 2017

*Valuation figure of asset for our share

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