Atterbury announced today, 25 February 2016, that the development of a new ZAR650 million mall in the key Namibian port city of Walvis Bay.
Atterbury is the joint developer and co-owner of the newly named Dunes Mall, previously called the Erongo Mall development.
Bulk earthworks on the mall began in November 2015 and its doors are set to open to the public late next year.
“We are delighted to launch this development that will be the only one of its kind and size in Walvis Bay. Dunes Mall will be the largest mall in the city and the second largest in Namibia, after Atterbury’s The Grove Mall of Namibia. Our investment continues Atterbury’s African expansion and our commitment to the continent,” comments Louis van der Watt, Atterbury Chief Executive Officer.
Atterbury is one of the leading developer of retail property in Africa a
At 30,000sqm, the new Dunes Mall development in Walvis Bay is larger than originally envisioned.
Cobus van Heerden, Atterbury’s Director of Retail notes that Dunes Mall is excellently positioned to meet both retailer and consumer demand in this popular and important city. It benefits from a prime location at a major road intersection close to the city’s airport and the iconic tourism area of Swakopmund. Dunes Mall is designed to take best advantage of its superb site.
In addition, the prime site chosen by Atterbury for Dunes Mall also forms part of a development node that serves a rapidly growing market and offers future expansion possibility.
Van Heerden says: “Dunes Mall is expected to be a catalyst for even more development and investment in the area. It will be a boost for the local economy in Walvis Bay and its surrounding region. On completion it will create around 700 sustainable jobs. Importantly, it will give the people who live nearby a first-class and all-inclusive shopping experience, conveniently located right on their doorsteps.”
Dunes Mall will be anchored by leading retail brand Shoprite, while negotiations with two other major anchors are at an advanced stage.
In addition it will feature an appealing selection of stores, services, fast food outlets, restaurants and entertainment.