HARARE – In a significant commercial property transaction, Sam Levy’s Village, Zimbabwe’s premier shopping centre, is being offered for sale for a staggering US$120 million.
Located in the upscale Borrowdale suburb of Harare, the shopping complex has been a landmark destination for shoppers and shrewd business people alike since its construction in 1990 by the late Sam Rahamin Levy, a renowned Jewish businessman.
After 34 years of family ownership, the Levy family has decided to put the iconic property on the market.
Leading independent real estate group, Pam Golding Properties, are spearheading the selling of the property.
“Pam Golding Properties are honoured to have the opportunity to present what the population of Zimbabwe safeguard as their most prestigious shopping complex in the entire country, none other than SAM LEVY’S VILLAGE.
“Spread across 30 acres of prime land in the leafy suburb of Borrowdale, Harare, this once in a lifetime opportunity to own a remarkable investment portfolio is now available to the astute investor with a unique vision and we are here to help with the acquisition process.
“Sam Levy’s Village, Zimbabwe’s premium shopping and dining destination, has continued to deliver the highest standards when it comes to service delivery over the last & decades, when it comes to security, ambiance second to none thanks to its open air feel, a wide range of retail outlets and friendly people who work in the retail spaces,” Pam Golding Properties said in a marketing flier.
Investigative journalist Hopewell Chin’ono said the family will accept US$95 million cash, but the payment must be made offshore.
He further stated that the centre lost its appeal due to frequent power outages, leading tenants to use of generators, which creates a noisy atmosphere unlike other premier shopping malls.
“His family is selling the shopping complex after owning it for 34 years. Insiders in real estate say the family will accept US$95 million cash, but it must be paid offshore.
“The shopping complex has lost its shine due to electricity shortages, as many of its tenants now use generators due to the incessant power cuts.
“Unlike many premier shopping malls worldwide, you would be welcomed by the noise of generators,” Chin’ono said.
I know they don’t want to sell. Just showing off
I think ZeSA to blame and economy down fall but otherwise if electricity and economy working more shops and rental would have been thriving no need to sale ,I hope it won’t be white elephant if brought by Government colonies
Hero basa rekutenga Vaya vanemari
US$120 million is quite a lot aaaaah it can’t be worth r2.4 billion
Kuda Magreen what are you saying?
Trivedy MukuzeTrivedy Mukuze I’m saying $US120 million is close to R 2.4 billion its too over priced
Kuda Magreen its true Commission approved the sales of Table Bay Mall in Cape Town and the Mall of the South in Johannesburg.
Hyprop said that it would acquire 100% of the commercial letting enterprise and the solar panel installation at Table Bay Mall for R1.625 billion.
Reddy Gutie you see now too too overpriced chete zvinhu zvese zvemuZim it’s exaggerated that’s why gvt buys a computer server for $1.2 million asi actual price is $4000 kkkkkk ma1
Kuda Magreen taura hako
Kuda Magreen oh okay you’re talking about Rands
Kuda Magreen it’s beyond your level of bussiness .leave it to those in the same level
Davison Mudombo that’s not the point warasika …point is its overpriced and that building is more than 30 years no justification for that ridiculous price tag
Kuda Magreen it is worth more than that 😁 it’s a village with a local DJ playing soft music from a disgnated room.everyone listens to the same staff
They make over 3 million a year
Kuda Magreen haisi building ikutengeswa. kkkk
Eddie Conrad Langston if your numbers don’t lie that means it will take 40years to benefit from the ROI(return on investment) I m neither a math guru nor an economist but ummm leaves a lot to be desired….🤔
Why are the owners selling it🤔? Mirai muone ikatengwa naMuseyemwa 😂😂
Panganai Kasenza do you think Kuna Museyamwa vane $120
Emmanuel Matembudze MaTsotsi ezanu Mari iyoyo vanayo.Ma senzi pamari yavakaba.Plus don’t forget kut first wat wat will jus give it to the Arab or Chinese zvoyendwa.
Emmanuel Matembudze 😂
Panganai Kasenza hakuna museyamwa vane 120 million yekutambisa
Emmanuel Matembudze vakawanda vanayo hayina kuwandisa iyo kune asina yakawanda
Is this item still available?
Can i buy it now
Soon inenge yakunzi chivhayo village
If I buy it, I will cover the entire roof with solar.
Elvis Kay buy please
Why can’t use solar system
Location pliz tiuye ku viewing
Omega Mutiro Borowdale
Even if you buy it at dat prize you might fail to raise the money you invested in 50 years
Mbuso Khumalo it’s a lie will its a prime business is too much its old borrowdale not new money area here the rents there but ple still pay how much is Pablo paying zimoco bon marchè spar ecobank liquid Edgar’s minimum of 20 000 a month if not 50 000 multiple by 12 months by 50 years do the maths
We are destined to the grave, all big sharks are pulling out of the country including Stanchart and Lafarge.
Malvin Kudzika what if you can own you can be a big shark as well
Malvin Kudzika true .!
Malvin Kudzika Let them go and see if you are going to die
Ini ndoda east gate
Sonny Zeró thanks for dreaming big
If kuchitengeswa ma property like these are we improving or going down
Peter SeeraPeter Seera we are going down…its bad for our international image
Prescription for rigging
Zvakaoma US $ dollar is being mis used in zimbabwe ndosaka ma investors vasinga pindi muzim ,
Tinashe Tinofamangwana very true bcz look $2 haicha tenge chingwa
ndinzwireiwo kut kuma ZIG imarii
Significant commercial property transcation
It won’t sell
Ndatoitenga yayangu
Chivhayo na baba vake can buy
Russell Maratu not sure
Victor Tsabondo Zadula lol
munobvuma here ma zig akasangana nema bond
Kana tsambara ane mari ngaatenge iyo
Jeck Chikanga akasatenga irombe
Jeck Chikanga kkkkkk taura hako
Norah Masawi huya mwana wamai vangu tiite half half,this is a lifetime investment
Sandra Ramusi kkkkk thanks dear wagona let’s discuss pa lunch tione
Ko Chivhayo arikupi, ngachitenga tione