By Our Reporter
Metroplex Shopping Mall in Naalya is set for redevelopment. This after it was sold off to Gateway Delta, a Mauritian real estate development company.
This was announced by Marc Du Toit, the Head of Retail at Knight Frank Uganda who were charged with management of the mall and also brokered the purchase deal.
“Knight Frank Uganda is pleased to announce the sale of Metroplex Shopping Mall to Gateway Delta. Gateway Delta have purchased Metroplex Shopping Mall as a redevelopment opportunity.” Marc Du Toit told media during a press briefing held at Golden Tulip hotel on Tuesday.
According to Pumi Lukhele, the Development Manager at Gateway Delta, negotiations for the acquisition of the mall have already been finalized and approximately US$20 million earmarked for the project.
“We are currently finalizing the acquisition of Metroplex Shopping Mall and local consultants have already been appointed to commence with the redevelopment process.” Pumi Lukhele revealed. “The interior of the mall itself will receive a major revamp, including realignment of the mall for improved visibility.”
The mall will be revamped into a shopping and entertainment hub hosting diverse leisure and entertainment offerings, grocery stores, cafés and restaurants and a diverse array of fashion stores among others.
French based supermarket, Carrefour, who recently announced their entry into Uganda has already booked to become the anchor tenant. Other international retailers including Woolworths, Bata, Aga Khan, and Pep among others are also said to have shown interest in opening outlets at the mall.
The mall is expected to officially open in April 2020.
