Namibia: Construction Starts On the Old Mutual Keetmanshoop Retail Centre

His Excellency, President Hifikepunye Pohamba, on 26 October laid the foundation for the N$92 million Keetmanshoop Retail Centre, which is being developed by financial services giant Old Mutual.

The Centre boasts a total of 10,000 m2 of gross lettable space, of which 95% will be for retail and the remaining 5% for office space. Old Mutual's own offices in the southern town will be relocated to the Centre when it opens towards the end of 2013. Already, 87% of the lettable space has been taken up by tenants whilst negotiations with more potential tenants to take up the remaining retail space, are at an advance stage. Confirmed retail tenants include, amongst others, Shoprite, OK Furnishers, Hungry Lion, Shoprite Liquor, Edgars Active, Jet, Legit, CAN, Foschini, Markham, Exact! and Mr. Price.

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