Africa-Press – Namibia. THE Government Institutions Pension Fund (GIPF) has invested N$90 million in a shopping centre at Rehoboth.
In a media statement on Monday, GIPF spokesperson Edwin Tjiramba said the investment in the 92 000 square metre shopping centre was done through Old Mutual as the fund manager, and the Rehoboth Community Trust as the special purpose vehicles.
“The GIPF is proud to have impacted the community of over 29 000 inhabitants with pre and post job creation, increasing value of the properties in surrounding areas of the mall and creating a one-stop-shop experience for the community,” Tjiramba said.
He said the GIPF prides itself in empowering experts in the industry, such as fund managers and special purpose vehicles, to invest in projects nationwide that not only impact GIPF members but the entire country.
“From over N$5,3 billion invested in Namibia through unlisted investments as of 31 March 2022, GIPF has injected over N$177 million into the Hardap region, through projects ranging from solar energy, housing and retail property,” he said.
The shopping centre comprises retail shops such as Shoprite, Bears, PEP, Dunns and Hungry Lion, as well as and several financial facilities.
It also has 3 455 solar panels, which produce roughly 3 000 kilowatts of electrical energy daily.
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