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