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Zek Group to contruct $33m worth shopping mall in Dar
By HAMISI ALLY
THE EAST AFRICAN
Posted Saturday, December 27 2008 at 11:22
ZEK Group International, a Tanzanian property development firm, will construct a $33 million shopping complex in Dar es Salaam.
The Dar es Salaam Village project, to be completed next June, will be the second largest shopping mall in the country after the Mlimani Shopping Complex owned by the University of Dar es Salaam and an investor from Botswana and will have 37,000 square metres of shopping space.
Kenya-based giant retailer Nakumatt Holdings Ltd will occupy 10,000 square metres and will be the main occupant of the complex.
Zadock Koola, chairman of ZEK Group, told The EastAfrican the mall will be constructed in three phases.
The first phase, consisting of the mall, will accommodate the Nakumatt store, and the second phase estimated to cost $17 million, will have mixed retail space and a hotel, while the third phase will have residential houses.
The project developer said while the project was still in the first phase of construction, with about 80 per cent of the space already booked by tenants from both within and outside Tanzania.
The Minister for Lands, Housing and Human Settlement Capt John Chiligati said the government has set aside over $18 million for the construction and improvement of the road network around the up-coming complex to eliminate traffic congestion and as a sign of government goodwill towards the investment. He added, A mistake was made when the government allowed informal settlements to take root on the road reserve; measures will be taken to taken to rectify this.
ZEK Group International was founded over 20 years ago in Tanzania with operations in several African countries and has interests in real estate, communications, advertising, public relations and other media.
By HAMISI ALLY
THE EAST AFRICAN
Posted Saturday, December 27 2008 at 11:22
ZEK Group International, a Tanzanian property development firm, will construct a $33 million shopping complex in Dar es Salaam.
The Dar es Salaam Village project, to be completed next June, will be the second largest shopping mall in the country after the Mlimani Shopping Complex owned by the University of Dar es Salaam and an investor from Botswana and will have 37,000 square metres of shopping space.
Kenya-based giant retailer Nakumatt Holdings Ltd will occupy 10,000 square metres and will be the main occupant of the complex.
Zadock Koola, chairman of ZEK Group, told The EastAfrican the mall will be constructed in three phases.
The first phase, consisting of the mall, will accommodate the Nakumatt store, and the second phase estimated to cost $17 million, will have mixed retail space and a hotel, while the third phase will have residential houses.
The project developer said while the project was still in the first phase of construction, with about 80 per cent of the space already booked by tenants from both within and outside Tanzania.
The Minister for Lands, Housing and Human Settlement Capt John Chiligati said the government has set aside over $18 million for the construction and improvement of the road network around the up-coming complex to eliminate traffic congestion and as a sign of government goodwill towards the investment. He added, A mistake was made when the government allowed informal settlements to take root on the road reserve; measures will be taken to taken to rectify this.
ZEK Group International was founded over 20 years ago in Tanzania with operations in several African countries and has interests in real estate, communications, advertising, public relations and other media.