Published: 10 December 2013

Augur Investments chairman Ken Sharpe says construction of the $100 million Mall of Zimbabwe in the up market suburb of Borrowdale in Harare will commence next year as all relevant licenses and logistics are now in place.

Sharpe said the group had obtained the various clearances and primary construction of roads was currently underway.

The 68 000 square metre-mall will encompass office parks, cluster homes, a school and medical facilities with overall turnover estimated at 8 percent of the country's gross domestic product.

Mr Sharpe said McCormick Property Development their partners in the project have more than 30 years' experience in constructing shopping malls, having constructed at least 48 malls around Africa.

Among the tenants who have taken space at the envisaged mall are South African retail giants Shoprite, Edgars, Truworths, Game and Mr Price.

The Zimbabwe Mall, which Mr Sharpe said is going to be the second largest in Africa, would create thousands of jobs for Zimbabweans as well as contribute 8 percent to the country's Gross Domestic Product.

Augur Investments got the land following a barter deal with the Government of Zimbabwe following the company's financing, designing and construction of the Joshua Nkomo Express Highway leading from the city to the Harare International Airport.
- herald

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