Kitwe, Zambia

Mukuba Mall is an early stage super convenience centre, developed in 2015. Prior to the commissioning of the centre, residents of Kitwe had to travel to Ndola (60km from Kitwe) or Lusaka (378 km from Kitwe) for formal retail shopping.

The strip mall is self-contained with back-up power generators and potable water to ensure uninterrupted trading.

Kitwe is the second largest city in terms of size and population in Zambia and one of the most developed commercial and industrial areas in the nation, alongside Ndola and Lusaka. It has a complex of mines on its north-western and western edges.

Property Details

Sector Icon - Retail

Mukuba Mall

Retail Sector 
75% Ownership
Location: Kitwe, Zambia
Anchor Tenant: Shoprite, & Pick n Pay
Acquisition Price: US$31.5 million
Valuation1 (as at 31 Dec 2020): US$48.1 million
Acquisition Date: Tuesday, 01 December 2015
WALE – GLA: 3.46
WALE – Income: 3.52
Land Title: Leasehold
GLA1: 28 236 m²
EPRA Vacancy: 6.83%
Parking Bays: 1 102
EPRA NIY: 7.28%

Value presented proportional to ownership interest held, 100% GLA reported

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