THE Construction of the US$200 million shopping mall in Kitwe which is expected to be the largest in Zambia will finally take off in the next two months.
This is according to a statement jointly issued by HBW GROUP chairman Tony Vasillopoulos and TGP properties chairman Phesto Musonda.
The statement said the project will commence on the Kitwe – Chingola Road.
Mr Vasillopoulos said HBW, the appointed main contractor was expected to move on site within the next 60 days and the project was expected to be completed by October 2014.
Phase one of the project will be a super regional mall for the Copperbelt at 40,000 square metre anchored by Shoprite and Game Stores.
The development would include a hotel, conference centre, office park and a large fuel port facility.
It is expected that 2,000 of both permanent and temporal jobs would be created with substantial downstream benefits for the entire region.
“Moreover, Copperbelt City Mall will be a catalyst for further development creating additional jobs, services and related economic activities,” Mr Vasillopoulos said.
TGP Properties Limited is a joint venture between HBW Group of South Africa and Phoenix Materials of Zambia.
The HBW Group has been investing in Zambia since 2006 by way of the complete re-development of the super regional and iconic Manda Hill in Lusaka.
It said it has intention to list an African Property Fund on the Johannesburg Securities Exchange (JSE) and the Lusaka Stock Exchange (LuSE).
This will afford the investing public in Zambia the opportunity to invest in both Manda Hill and Copperbelt City Mall upon completion in 2014.