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LINAC INVESTS E36m IN NEW SHOPPING COMPLEX

image COMPLEX: Linac Investments Group Managing Director Lincoln Motsa showing the E36 million shopping complex. (Pic: Simon Shabangu)

LINAC Investments has invested over E36 million in its new shopping complex which is situated at Ngwane Park in Manzini.

LINAC Investments has invested over E36 million in its new shopping complex which is situated at Ngwane Park in Manzini.

The shopping centre has been named; ‘South Gate Shopping Centre’ in line with its strategic location at the country’s hub.

Linac Investments Managing Director Lincoln Motsa said the shopping complex at Ngwane Park will be OK Foods flagship store in the country. 

He was speaking during a press conference held at the company’s offices at SaveMor in Matsapha yesterday. 

He said the shopping complex will also have a Total filling station and would have a 24 hour shop. 

Motsa said there will also be Automated Teller Machines (ATM) for most of the commercial banks. 

“Negotiations with the banks have been concluded and all except for one of the big commercial banks will set up their ATMs at the complex,” he said.

“This is to ensure customers have a full bouquet of services open to them at the shopping centre,” he added. He said the shopping centre will create almost 210 jobs for the economy of Swaziland once it is fully finished.

“The Linac family group of stores already employs about 266 employees, this is testament of the groups commitment to job creation in the country,” he said.

Motsa said with regards to other stores in the shopping complex, there has been a lot of interest from retail owners.

“There has been a lot of demand from business owners looking to rent space in the complex such that the complex is almost fully booked,” he said.

Motsa said due to the demand from potential tenants, they had to add more space within the complex to accommodate the appetite from potential tenants.

He said they hope the building will be completed by April. 

 

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