Watch: WestProp partnering Exemplar in upcoming Mall of Zimbabwe Project
Business Reporter
PROPERTY market game changer , WestProp Holdings Limited (WestProp) has roped in globally acclaimed property developer Exemplar in a partnership to construct the debut worth the Mall of Zimbabwe project.
The project is set to be rolled out in the second quarter of 2025 in the leafy suburb of Harare North and will become one of several multi-million US$ projects being implemented by WestProp .
Currently , The Hill Luxury Golf Estate (office and residential), Pomona City (residential), Millennium Heights (residential), Pokugara Residential Estate and Millennium Heights Office Park are some of the projects underway.
Speaking at the ZimReal Property Investment Forum’s (ZimReal) annual conference Wednesday , WestProp chief executive Ken Sharpe revealed the project’s details.
“We anticipate completing the lease by Q1 [first quarter] next year and groundbreaking will likely take place in Q2,” he said .
The mall is set to be one of the largest in the country and will be constructed by Exemplar, a renowned South African company, specialising in mall development.
Sharpe said he was seeking to bring in international brands such as Louis Vuitton, Zara and Gucci to the mall, which would help the firm to stand.
“We want these brands to be coming in and we want to have an offering that is unique. We want to have something that no one has seen before,” he said.
Exemplar chief executive Jason McCormick hailed the partnership and underscored that he would be working on the financial logistics to determine return on investment and construction costs, allowing it to finalise tenant placements and investor commitments.
“For any good investment, you need to know what your retainers can be and ourselves, that is what we will be doing in the next six-eight months.
“That’s what we will be doing, building that financial set-up so that we will be aware of what it will cost us and probably 80% of the tenants will know exactly where they will be,” he said.
