Eris Property Group develops R117m Tsumeb Mall in Namibia

Posted On Tuesday, 27 August 2013 10:16 Published by Commercial Property News
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Eris Property Group is developing 15 000m² Tsumeb Mall in Namibia scheduled to open in May 2014.

Tsumeb Mall in NamibiaTsumeb (Otjiherero name: Okavisume) pronounced "Soo-meb" meaning "place of moss", is the largest town in the Oshikoto region of northern Namibia. Tsumeb is the home of the world famous Tsumeb mine, and the largest nickel-iron meteorite in the world, called Hoba.

The ground breaking ceremony was held this week with Alfeus Benjamin (CEO – Tsumeb Municipality); Pieter Reyneke (Reydev Holdings (Pty) Ltd); Mayor Ndangi Shetekela; Niël Freislinch (Eris Property Group) and Nico Heunis (Forca) turning the soil.

Jointly developed by Eris Property Group in partnership with Reydev Holdings (Pty) Ltd, Tsumeb Mall will provide a fresh retail and lifestyle experience, aimed at adding vibrancy to the region, which is described as the "gateway to the north" of Namibia. It will serve not only residents in Tsumeb as the retail facility will have direct access from the M75, which is the main road through Tsumeb leading to Angola and the Etosha National Park.

Construction has started on this N$117,5 million development and is scheduled to open in May 2014. The 9 700m² development has a 95% national tenant mix and is anchored by a 2 100m² Pick 'n Pay, the fashion component will consist of a 660m² Woolworths, 580m² Truworths, 665m² Mr Price, 660m² Jet and a 410m² Ackermans.

Tsumeb Mall will be the largest retail facility in Tsumeb as well the surrounding catchment area. A phase 2 is planned for the centre and letting has already commenced.Should this be successfully leased the facility will increase to be approximately 15 000m².

The single level shopping mall will be covered.Selected areas will be semi-covered to embrace the culture of protecting the native indigenous trees that are synonymous with the region.

Approximately 600 people will directly or indirectly be employed during the construction phase and there will be 200 permanent jobs created when the centre opens.

Tsumeb Mall is set to become a major attraction for tourists to the region as the mall is located 100km from the popular Etosha National Park and most visitors overnight in Tsumeb before entering the park.

Eris Property Group's Development Division focuses on development or re-development of commercial property for owner occupiers or clients. ERIS also undertakes developments as principal for its own account.

Future projects include development of shopping centres in the following cities; Vryburg, Phutaditjaba, East London and Potchefstroom.

For leasing opportunities contact Samantha Nelon 011 775 1000 / Niël Freislich or Michelle Small on 012 365 0760.

Last modified on Monday, 14 April 2014 15:27

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