Real Estate Investor Magazine South Africa December 14/ January 15 | Page 15

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viability of projects and the affordability of rentals for
tenants who occupy its developments.
The company’s most exciting projects in the
pipeline are the two mixed-use mega-projects in
Mozambique and Angola. These have been described
by senior industry players as, “The two best commercial
developments in sub-Saharan Africa at the moment.”
Phase 1 of the Mall of Mozambique is a 60,000m2
gross lettable area (GLA) and is situated within the
‘Cidadela da Matola’ in Matola, just outside Maputo.
This iconic project, which is already under construction,
includes a 28,000m2 government office precinct.
This precinct will house the head offices for the City
of Matola and the Province of Maputo. It will also
include two hotels, a 6,000m2 casino, 12 commercial
office blocks, three residential tower blocks, the
largest private hospital in Mozambique and a highperformance sports centre, annexed to the gymnasium.
The ‘Mundial Shopping’ (or ‘World of Shopping’)
is a 55,000m2 GLA mall situated in Luanda, Angola.
This is planned to grow to over 120,000m2. Like the
Matola development, this mall forms the cornerstone
of a larger commercial precinct of over 400,000m2
GLA that includes a hotel, a value centre, multiple
commercial office blocks, a motor city and a private
school development.
“As both of these developments are in Portuguesespeaking countries with different legal and taxation
systems, the challenges of coming to grips with not
only the language barrier, but these differences too has
been an interesting one – but given the nature of the
developments, certainly one that has been worthwhile,”
Jason says.
www.reimag.co.za

REIMAG
.co.za

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December 14 / January 15 SA Real Estate Investor

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