GIPF invests in Reho shopping centre
The Government Institutions Pension Fund (GIPF) invested member contributions of over N$90 million in the Rehoboth shopping centre.The investment of this 92,000m² shopping centre was done through Old Mutual as the fund manager and the Rehoboth Community Trust as the Special Purpose Vehicles.
In a media statement, the GIPF said it is proud to have impacted the community of over 29 000 inhabitants with pre- and post-job creation, increasing the value of the properties in surrounding areas of the mall and creating a one-stop shopping experience for the community.
According to Edwin Tjiramba, General Manager: Marketing and Stakeholder Engagement, the GIPF prides itself in empowering experts in the industry such as Fund Managers and Special Purpose Vehicles to invest in projects nationwide that not only impact GIPF members but the entire country. “From over N$5.3 billion invested in Namibia through Unlisted Investments as of 31 March 2022, the GIPF has injected over N$177 million into the Hardap region through projects ranging from solar energy to housing and retail property,” he said.
“The Rehoboth Shopping Centre is unique in the sense that it provides an impeccable shopping experience for the community and also boasts a solar installation on the rooftop of 3,455 solar panels which roughly produces 3 000 kilowatts daily,” Tjiramba added.
The shopping centre’s anchor tenant is Shoprite and it also boasts several financial facilities and a variety of retail shops such as Bears furniture, PEP, Dunns and fast-food outlets like Hungry Lion.