By KENNEDY MUPESENI
ROMA Park, an industrial park being developed in Lusaka, has recorded a 100 per cent sale of residential plots generating around US$19.5million from the 300 plots sold.
Despite the success in selling the residential plots, the park is still grappling with the sale of commercial and industrial plots.
Sales and marketing manager Muzingo Banda said all the residential plots at the industrial park had been sold out due to the locality of the park.
“We have received overwhelming response from residential plots compared to industrial and commercial ones, with almost all the area demarcated for residential being taken away,” Ms Banda said.
She said in an interview in Lusaka yesterday that soon housing structures such as apartments and flats would be constructed at the park as most of the companies and individuals who bought the plots had already moved on site.
Ms Banda said to attract more investors the park was working with the Zambia Development Agency (ZDA) to make investors appreciate the benefits and incentives associated with investing in such areas.
Roma Park is a 104-hectare (257-acre) multi-million-dollar mixed-use residential and commercial development, offering a new blueprint for economic, social and infrastructure growth in the suburbs of Lusaka.
The park would encompass mixed-income residential and commercial properties, including retail, warehousing, industrial, office and educational space.
Situated close to road and rail links, and the Lusaka central business district and international airport, Roma Park created a residential and corporate address of international standards, offering long-term investment value.
Roma Park was a venture between CDP Properties and Renaissance Partners.
The project which commenced in 2009 had seen more than K120 million invested with a creation of around 300 jobs so far.
The project, when completed, would service a total of 280 acres of land and attracted an estimated $150 million of investment and generate 2,000 jobs.
Photo- Credit ROMAPARK.CO.ZM