Property developer and investor Atterbury has completed the first-phase development of its $20m Pemba Shopping in Mozambique’s port city of Pemba, the capital city of the Cabo Delgado province. Atterbury has shifted its focus from developing in SA to developing in the rest of Africa and abroad. Stanlib property analyst Lawrence Koikoi said the property sector’s expansion offshore was driven by a lack of opportunities in SA because of a low-growth environment. Pemba Shopping, an 8,000m² centre, is a joint venture between Atterbury and TradeHold Africa. The shopping centre was officially opened to the public on June 29. It is one of three shopping centres that Atterbury is delivering in Africa in 2017. It developed the 18,500m² Kumasi City Mall for its owners, Delico Kumasi, which opened in Ghana in April. In partnership with Tradehold, Atterbury is also developing the 27,000m² Dunes Mall in Walvis Bay, Namibia, scheduled to open in October. Pemba Shopping is anchored by a 3,500m² Sho...
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