[ 2017-04-21 ]

Kumasi residents welcome $95 million mall
Kumasi City Mall, the $95 million dollar retail
facility, opened and commenced trading today,
making the Ashanti regional capital the second
city in Ghana with the complement of an A-grade
shopping and recreational centre.

The sprawling edifice, bedecked with intricate
architectural designs, opened its gates at 9:00 am
to excited and enthusiastic residents of Kumasi
eager to see the various line shops and experience
one-stop destination shopping for the first time.


KCM is located at Asokwa, on the confluence of
Lake Road, Yaa Asantewa Road, and Hudson Street
and sits on a total land area of 15.4 acres, with
a lettable space of 18,500 square metres and
potential for further expansion of up to 10,000
square metres.

The Kumasi City Mall project took 24 months to
complete, after the Asantehene, Otumfuo Osei Tutu
II, had cut the sod for commencement on June 6,
2014. The King is scheduled to officially
commission the facility on May 10, 2017.

The mall is a development owned by Delico Kumasi
Limited, a subsidiary of Delico Property
Investments Ghana Limited, the group which owns
the Achimota Retail Centre and is the majority
shareholder of West Hills Mall.

Delico Property Investments Ghana Limited is
itself a wholly owned subsidiary of Delico
Property Developments Limited, Mauritius - a joint
venture between AttAfrica Limited, Mauritius and
Nasek Investments Limited (Nasek), a Ghanaian
controlled entity in Mauritius.

AttAfrica is the majority shareholder in Accra
Mall and is a leading retail property investor in
Africa with investments in Zambia and Mozambique
and its shareholders own several shopping malls
across South Africa.

KCM is a semi-closed shopping facility, which,
according to the developer, has been specially
designed to reflect the local environment and
lifestyle in Kumasi, adopting highly innovative
and cutting-edge technology in real estate
development in the construction process.


The columns and ceilings of the edifice are
intricately designed to portray an artistic view
of the trees and forest elements which
characterize the vegetation of the Ashanti
Region.

The Kumasi City Mall has a total car parking
capacity of well over 1,000 bays on-grade
including what is now reported to be the
country’s biggest undercover (basement)
parking.Another unique feature is its cinema -
Watch and Dine, which is both a cinema theatre as
well as a cosy restaurant.

KCM is anchored by two well known retail operators
in Ghana, namely Shoprite and Game and
accommodates a long chain of line shops offering a
variety of goods and services in the various
retail categories. These include grocery and
foodstuffs, lifestyle, beauty and wellness,
electronics and telecommunications, budget and
designer fashion and clothing.

Other categories are pharmaceuticals, gifts and
high-value jewellery, restaurants and eateries
banking & financial Services, entertainment,
children’s games and recreation.

The mall has quite an impressive tenant mix
comprising a strong presence of local Ghanaian
brands in the manufacturing, fashion and the
restaurant categories and a chain of popular
international brands.

The opening event itself was one of a kind with no
formal speeches but was laced with incessant
traditional music and cultural dances and displays
by the Kumasi Centre for National Culture and
other performing groups.

This festive ambiance is expected to continue for
the next three weeks until the mall is officially
commissioned by the Asantehene Otumfuo Osei Tutu
II on May 10.

The excitement was so high that visitors were
completely oblivious to the fact that a number of
the tenant shops, including giant food and grocery
store Shoprite, were still busy setting up and
putting finishing touches to their shops.

Speaking to journalists, Mr. Kofi Sekyere,
Chairman of Kumasi City Mall, said he was happy
that finally Kumasi and the Ashanti region have
their own first-class mall and looked forward to
its impact on Kumasi’s local economy, lifestyle
and business in general.

He said Kumasi City Mall is unique in many ways
but repeated his call for the business community
of Kumasi to look beyond the convenience offered
by Kumasi City Mall and strive to position
themselves to take full advantage of the business
opportunities that the mall generates.

Both its construction and business phases of the
project contribute to the country’s economic
growth by increasing gross domestic product
considerably.

Also, the construction phase of the project
generated jobs for about 1000 professional and
artisanal workers, while following its opening for
business, at least 500 new job avenues have opened
for people in Kumasi.

“Kumasi City Mall is an experiential shopping
mall which belongs to everybody in and around
Kumasi. The goods, services and entertainment
facilities they offer give the people of Kumasi
variety of choice,” said Isaac Kyei-Mensah, a
Board Director of the mall.

Source - Myjoyonline.com

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