PROJECT

Projects

Summary of Investment Information

Project Number

38397

Company Name

WOODSIDE MALL ZAMBIA LIMITED

Date SPI Disclosed

Feb 27, 2017

Country

Zambia

Region

Africa

Projected Board Date

Mar 31, 2017

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Aug 21, 2025

Department

Regional Industry - MAS Africa

Industry

Tourism, Retail and Property

Previous Events

Approved : May 30, 2017
Signed : May 31, 2017
Invested : Feb 21, 2018

Sector

Construction and Real Estate

Project Description

Financing to support Novare Africa Property Fund II (“NAPF” or the “Sponsor”) in) the US$27.0 million greenfield development of Great North Mall (the Project), a single-level, 9,844 sqm GLA covered shopping mall in Great North Area, Lusaka, Zambia. The Project will be implemented through a local SPV and will be anchored by an established South African supermarket chain.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation