CATEGORIES: Africa

MTN, CCECC and Madison Capital will be moving into Roma Park in Lusaka

Advertise your real estate/construction event on Estate Intel

MTN, China Civil Engineering Construction Corporation (CCECC) and Madison Capital will be moving into Roma Park, a 120 ha. mixed-use urban development by Rendeavour located in Lusaka, Zambia. MTN’s new head office will take up 4,500sqm of land in the park as they plan to move away from their HQ in Rhodespark, while CCECC’s new head office for Zambia is set for completion in April 2018. [4]  Madison Capital will also lease 2,200sqm of A-grade warehouse and 3,100sqm of office space in the park.

Located 6km from Zambia’s Central Business District and 20km from the International airport, Roma Park combines urban living, retail, commercial and light industrial opportunities and is owned by Rendeavour and the CPD Investments Group. It consists of 368 residential and 42 commercial plots, 10km of tarmac roads and fibre optic connectivity.

The project received backing from the Government and Zambian Development Agency (ZDA) as well as Multi-Facility Economic Zone (MFEZ) status, where the government will grant special incentives including 0% tax on profits, dividends and import duty.

Key amenities in the area include the Lusaka town Center and the Mandahill Shopping nearby. The site of the project on Zambezi Road, was initially set out for agricultural purposes. However CPD Properties acquired the farm land in 2009 with a vision to build a first of its kind mixed-use estate. CPD later entered into a partnership in 2010 with Rendeavour to execute the project that is now Roma Park..

According to Rendeavour’s CEO Stephen Jennings in Q&A session with NewCities.org, Roma Park is already about 90% complete  and has successfully sold over 250 plots in the residential area since residential sales launched in 2011.

Rendeavour is one of Africa’s largest urban land developers with projects across major cities. Projects in Rendevour’s pipeline include Tatu City in Kenya and Appolonia in Ghana among others. These are however, much larger relative to Roma Park, and are currently being built in phases over the next 20 years.

Advertise your real estate/construction event on Estate Intel