The project, named Gatewall Shopping mall, is a brainchild of MPICO which is one of Malawi’s top property market companies.
In an interview with Capital fm, Managing Director of the arguably giant property market player, Peter Du Plesis confirmed they are now working on final touches.
“The mall is 80 percent complete and 78 percent late as far as tenants are concerned, at this point we are planning on opening trade on the 27th of November,” said Du Plasis.
Situated close to the affluent Area 47 location, the facility is expected to house some of the biggest retail shops and institutions in the capital city.
Initially, the complex was expected to open in September, but has been shifted to November to accommodate more tenants.
“We had to get certain about new big tenants who would get in , they were delayed in terms of their designs and that meant we had to do specific work to accommodate them,’’ Du Plasis said.
He added that they have decided to allow unofficial occupation that the tenants can come to work on their preferred structures from September.
Another delay factor is that one of their biggest tenants Shoprite would like to link their opening at Gateway to the opening of other branches in Nigeria and another country in early November.
The 447 million Rand (approximately 17.4 Billion Malawi Kwacha) mall is expected to accommodate residents of locations such as Area 9, 15, 49, 25 and 18.