Freedom Plaza complete by year-end

United Africa Group's multi-billion-dollar development in Windhoek's city centre should be completed before the end of the year.

16 March 2017 | Business

United Africa Group's Freedom Plaza in the Windhoek city centre represents the largest private property investment in Namibian history.

The precinct is comprised of seven erven and includes notable international brands such as the Hilton Hotel and First National Bank of Namibia.

“On completion approximately N$3.5 billion will have been invested in this development,” said Philip Young, United Africa Group's general manager for real estate and property development.

According to Young, United Africa Group will strive to create a liveable urban development characterised by parks, open public spaces, views and quality commercial, retail, residential and hospitality-related premises.

He also believes that Freedom Square will provide an unparalleled living, work and play environment within the inner city, encouraging economic development.

“By creating an inviting space which serves the public needs of Windhoek, a sustainable city for all can be ensured,” Young says.

Current construction activities include the 1990 mixed-use development and Hilton Garden Inn. The 1990 development will add 114 high-end apartments and approximately 2 000 square metres of retail and commercial space to the city centre, Young says.

The Hilton Garden Inn will offer 180 hotel rooms. The hotel will expand on the luxurious offerings provided by Hilton Windhoek and ensure optimal business interest with innovative conferencing and meeting spaces.

The construction of 1990 and the Hilton Garden Inn will be completed this year and the hotel will open in the first quarter of 2018.

Finding a parking bay in the city centre will no longer be a problem when the development is completed. “Freedom Square will provide in excess of 2 000 parking bays to the public, of which the first 300 will be handed over shortly. The provision of such a large number of parking bays will be of significant benefit to the city,” Young says.

According to Young, United Africa Group enjoys the support of many partners which include Wasserfall Munting Architects and the construction professionals Stefanutti Stocks Namibia and China Jiangsu International.

“The financial support of the Haddis and Martha Namundjebo Trust, the Development Bank of Namibia, ABSA Bank, Vantage Capital and the purchasers of 1990 allow this prestigious development to continue through this challenging economic environment, providing much-needed employment to more than 500 local labourers and their countless suppliers, supporters and family members,” says Young.

Similar News


9 Must-Do Tips to Find a Job ASAP

2 days ago - 16 March 2018 | Business

1. Update everythingYou might be in a time crunch, but it’s important to resist the urge to click ‘Apply’ for every open position you see...

Removal of bid security for tenders welcomed

2 days ago - 16 March 2018 | Business

The Namibia Chamber of Commerce and Industry (NCCI) northern branch has welcomed the recently announced exemption of bid securities – or bank guarantees – when...

How to Turn an Internship into a Full-Time Job

2 days ago - 16 March 2018 | Business

Of course, not every internship results in a job offer. But approaching each opportunity as if it could come with a bevy of career benefits....

Six ways to survive

2 days ago - 16 March 2018 | Business

As an introvert, surviving the corporate world can be nothing short of miraculous. Let's be honest, the introvert is not exactly celebrated in the corporate...

How to deal with dominant co-workers

2 days ago - 16 March 2018 | Business

Dominant people have a strong desire to take charge and get things accomplished their way. Although some people use their domineering attributes maliciously, many dominant...

Employers don’t believe in local graduates

3 days ago - 14 March 2018 | Business

52% of employers interviewed in a new study launched today, believe that Namibian graduates are poorly or very poorly trained for the job market. Only...

SA bullies smaller SACU members

4 days ago - 14 March 2018 | Business

Ndama Nakashole - Due to its failure to establish a unified tariff board, the Southern African Customs Union (SACU) is still utilising the services of...

Invest in technology, says Desert Fruit Namibia

4 days ago - 14 March 2018 | Business

Desert Fruit Namibia, a Namibian-registered private company producing dates and bulbs on the banks of the Orange River, recently showed off new technology in the...

Company News

4 days ago - 14 March 2018 | Business

Guptas lose bid to keep bank Baroda in SAJOHANNESBURG - A group of almost 20 South African companies linked to the Gupta family have lost...

GIPF may finance MTC buyout

5 days ago - 13 March 2018 | Business

The Government Institutions Pension Fund (GIPF) is in the process of conducting due diligence to help the government fund the planned acquisition of mobile service...

Latest News

Zuma to be charged...

1 day - 16 March 2018 | Politics

Former South African president Jacob Zuma will be prosecuted on 18 charges of corruption, the National Prosecuting Authority announced this afternoon. The charges include more...

Rogue driver doctor in holding,...

1 day - 16 March 2018 | Justice

Dr Yevai Chiradza, the suspended Otjiwarongo doctor who had a pending warrant of arrest issued against him last week Wednesday, in connection with a charge...

Entire Rehoboth council suspended

2 days ago - 16 March 2018 | Government

In a bold move, newly appointed urban and rural development minister Peya Mushelenga has dropped a bombshell by suspending the entire Rehoboth town council yesterday...

Defence splurges N$69m on farms

2 days ago - 16 March 2018 | Government

Revelations have come to the fore detailing how the Ministry of Defence splashed almost N$70 million on acquiring two farms last year.The defence ministry has...

Tug-of-war over spy agency job

2 days ago - 16 March 2018 | Government

The former director-general of the Namibia Central Intelligence Services (NCIS), Lucas Hangula, has been assigned specific tasks and will therefore stay put at the spy...

Annual inflation edges back

2 days ago - 16 March 2018 | Economics

Overall annual inflation in February was 3.5%, down from 3.6% the previous month. In February 2017, the overall rate was 7.8%. The main inflation categories...

Thousands leave civil service

2 days ago - 16 March 2018 | Government

Jo-Maré Duddy – More than 9 000 civil servants left the public service sector last year, most of them for unspecified reasons.That left 102 142...

9 Must-Do Tips to Find...

2 days ago - 16 March 2018 | Business

1. Update everythingYou might be in a time crunch, but it’s important to resist the urge to click ‘Apply’ for every open position you see...

A year of transformation

2 days ago - 16 March 2018 | Banking

First National Bank (FNB) Namibia appoints Rodney Forbes as the Executive Officer, Points of Presence. Rodney holds a Bachelor of Business Administration Honours degree. Octavia...

Load More