|.||Product/Service||Hotel accommodation and retail supermarket|
|.||Shareholding||ZCCM-IH 49%, SIMS Capital Limited 25.5%, Urban Brands Asset Management Limited 25.5%|
|.||Sector||Real Estate, Property Market|
At a total investment cost of USD6 million in Leopards Square, Rembrandt Properties, a partnership between ZCCM-IH, Sims Capital, and Urban Brands Asset Management, is an elegant 60 room budget hotel development. The facility will be managed by the Urban Hotel Group (UHG), while the food store incorporated on the ground floor will be run by the Food Lovers Market (FLM) a niche international supermarket retailer. The approximately 5, 000 square meters project is situated at the corner of Leopards Hill Road and Lake Roads in Woodlands, an aﬄuent neighbourhood in Lusaka. The project is scheduled for completion and will be operational by early 2020.
Key Company Highlights
Estimated total investment is USD 480 million;
Total investment cost of USD6 million in Leopards Square which will have a 60-room elegant and economy budget traveller hotel and a food store.
The development is anchored by two reputable and synergistic tenants – The Urban Hotel Group (UHG) which will operate the Urban Hotel, and the Food Lovers Market (FLM) a niche international supermarket retailer.
The approximately 5, 000 square meters project is situated at the corner of Leopards Hill and Lake Roads in Woodlands, an affluent neighbourhood in Lusaka.
Scheduled to be finished and operational by early 2020.