The US$10 million Twin Palms Shopping Mall in Lusaka’s Salama Park area has opened its doors to the public.
Speaking during the opening of the mall on August 14th which adds up to the growing number of shopping malls around the capital, Knight Frank Zambia Managing Director Tim Ware says development is the result of two years of development which has seen an investment of US$10 million into the Zambian economy, benefiting local contractors, workers and ultimately, the communities they come from.
Mr Ware says about 200 jobs were created during the two-year construction phase of the mall and that it is expected that more jobs will be created as tenants begin to conduct their business at the mall.
He pointed out that the development is not just an investment in a shopping mall but also in the wellbeing of the community and its people.
Mr Ware notes that over the last few years, Zambia’s real estate sector has experienced considerable growth on the back of investments and steady economic growth.
He says this can be seen through a rise in the number of developments and infrastructure projects happening countrywide.
Twin Palms Shopping Mall has twenty six (26) stores with Shoprite as its anchor tenant.
Phase two of the development is already underway, which will add another 4,000 square metres to the existing 7, 500.
The mall is a development of PMTP Zambia who are also the developers of Salama Park.
( Thursday 14th August 2014 )