Property developer and investor Atterbury, focused to develop Africa.
Lack of opportunities in South Africa because of a low growth environment, has cause Atterbury to shift its focus to Mozambique and have currently completed the first phase of the US$20m Pemba Shopping mall in Mozambique’s port city of Pemba, the capital city.
Pemba Shopping, an 8,000m² centre, is a joint venture between Atterbury and TradeHold Africa. It is one of three shopping centres that Atterbury is delivering in Africa. It developed the 18,500m² Kumasi City Mall for its owners, Delico Kumasi, which opened in Ghana.
In partnership with Tradehold, Atterbury is also developing the 27,000m² Dunes Mall in Walvis Bay, Namibia.
Pemba Shopping is anchored by a 3,500m² Shoprite supermarket, the first of its kind in the city. In addition, it features more than 4,000m² of retail space in about 20 stores, incorporating a food court to be opened in the near future.
The potential of a filling station will add even more convenience to the centre. Designed by architects Aevitas Group, the mall has 250 parking bays, security and guaranteed 24/7 power.
Cobus van Heerden, of Atterbury Property Development, said,“the city of Pemba has enormous economic potential and we are proud to invest in its future with this key development. Doing business in Mozambique, and in Pemba specifically, has been an immensely positive experience,”
Atterbury Asset Management will manage Pemba Shopping, which is more than 60% let.