Madokero Mall
World Class Roads Connecting Cities
Development Manager – Terrace Africa (A well-established Regional Mall Developer with several projects in Southern Africa).
- There are 7 other contractors including Exodus and Company that are involved in other construction roles.
- Project is constructed on 5.88 ha of land.
- It is divided into two phases namely Phase 1 and Phase 2.
- Estimated completion date - November 2022
KEY MILESTONES
- Bulk Earthworks - COMPLETE
- Ring beams and columns - COMPLETE
- Steel fixing for anchor shop underway.
- Sheeting installation for the anchor shop to commence June 28, 2022.
- Shop fronts installations, wall tiling, HVAC installations and floor tiling for the anchor shop to commence in mid - August 2022
MADOKERO MALL LEASING
PHASE 1A – ANCHOR TENANT
• Anchor store – TM PICK N PAY
• Total store area – 2200m2
• Separate Liquor store
• To Open its Doors by December to the public
LINE TENANTS
• Food courts
• Banks
• Locksmith / Security store
• Pharmacy – Booties
• Econet/Netone
• Dry Cleaner/ Laundry
• TV Sales and Home – Confirmed
• Cellphone/Accessories
• Baby store/clothing
PHASE 1A-RETURN MATRICS
• Gross lettable area – 5338 square metres.
• Estimated Capex – US$8.7mln.
• Estimated Rental Yield-6.3% + CAPITAL GAINS
PHASE 1B
• Services will include a service station, futsal court, a fitness facility and a hardware store.
• Preliminary 3D designs are now in place.
• Full construction drawings to be concluded in June 2022.
• Bulk earthworks for this Phase 1B are projected to commence in August 2022
• Estimated floor area – 2847 square metres
• Capex approx. USD 5.9million
• Estimated Rental Yield-6.4% + CAPITAL GAINS
PHASE 2
• To develop a Medical Centre and Residential Villas.
• The design and scoping for these are currently under way.
