Mozambique: Matola expects to issue four thousand DUATs
20,000 square metres of shopping for Matola, Mozambique in 2017
8:38 CAT | 15 Feb 2016
www.novare-matola.com
By the end of 2017, Matola will have 20,000m2 of retail space with the launch of the Novare Matola project.
The first phase, recently approved by the EISA, will have a gross leasable area of 19,500 square meters. The new shopping mall, called “Novare Matola” is scheduled to open in the last quarter of 2017, and will be located in EN4, close to the Mozal.
According to promoter Novare Equity Partners, a manager of private equity funds focused on the development of commercial real estate in sub-Saharan Africa, the new shopping centre has undergone a major expansion since the idea was first floated, increasing in size due to the strong demand from tenants and the 6000m2 anchor store from hypermarket chain Premier SuperSpar.
Novare Matola’s location was due to the growth observed in Matola, the capital’s largest suburb and the second most populated area of the country. “With its modern port, the region is regarded as the largest industrial area in the country, with a population of about one million people,” representing a huge pool of potential consumers, the development website declares.
Source: O País
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