HARARE Sunshine Holdings, an investment arm of the City Council, has commenced construction of a $3 million shopping mall in Mbare, along Simon Mazorodze road. The construction project is a joint venture between a Lebanese group and Harare City Council. Some civil works have started at the site, measuring 45 000 square meters.
A Lebanese group, El-Nour United Engineering for Construction and Commerce has been contracted to build the mall to be named Harare Bazaar.
The mall will house banks, supermarkets and other businesses, according to sources at the site. It will be implemented in two phases with the first stage expected to be completed by year-end. The mall is targeting consumers from the lower end market of the western suburbs.
Property analysts say the complex is set to provide alternatives for some retailers failing to take up retail space at Old Mutual’s High Glen Shopping Mall due to high rentals. Harare Bazaar will be serving the same target market of the High Glen Shopping Mall.
The shopping complex is set to cater for the lower end of the market which has become the beacon for the upcoming Zimbabwean economy.
The source at the site said the plan of the mall would be similar to that of the Gulf complex in the Harare CBD.
“The market will include clothing shops and hardware among other businesses mainly to cater for the low and medium end of the market as well as averting travelling hassles. People are definitely going to benefit because there would be easy access to a wide range of commodities,” said the source who requested anonymity.
City of Harare spokesperson Mr Leslie Gwindi confirmed yesterday but could not shed more details by the time of going to print.