N$120 million investment for Okahandja
An important development is on the rise in the Garden town of Namibia. Construction of the Okahandja Shopping Centre started in February this year. Located on the corner of the B1 and M187 (Gross Barmen Road), the two – phase development project will host popular South African retail outlets as well as local companies.
The development is expected to contribute significantly towards employment creation in the town.
With retail tenants such as Shoprite, Edgars Active, Legit, Jetmart, Pep, Dunns, Bears, Hungry Lion, Spur and many others, the Okahandja Shopping Centre will be a welcome asset to the small town’s shopping landscape. Financial institutions such as First National Bank (FNB) and Nedbank will also occupy space at the centre.
Phase one comprises approximately 9600m2 retail space and phase two comprises approximately 8700m2. With a total investment of N$ 120 million, the Okahandja Shopping Centre is one of the largest private investments (of its kind) to date to be made in the town.
“We can appreciate that approximately 300 jobs will be created indirectly as a result of this development, and will create excellent economically viable opportunities for the town to grow and prosper further. We have secured a good tenant mix. This Shopping Centre will drastically alter the retail culture and lifestyle within the town,” said Garth Mouton, Project Manager for Namib Housing.
The developer, Namib Housing is not new to the construction industry, the wholly Namibian owned company has been operational in the Namibian housing market for over 22 years.
Mouton said the Okahandja Shopping Centre is well on its way to meet its expected completion date in April 2014. “This is an investment to the town that can only aid in attracting further investment opportunities,” he added.