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Kumasi Residents Embrace New Mall
 
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21-Apr-2017  
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Kumasi City Mall, the US$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 9:00am to excited and enthusiastic residents of Kumasi, eager to see the various line of shops and experience the one-stop shopping destination for the first time.

The 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 the 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.
 
 
 
Source: citifmonline.com
 
 

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