Zimbabwe’s premier shopping centre, Samy Levy’s Village, is up for sale for US$120 million.
Situated in Harare’s Borrowdale suburb, Samy Levy’s Village was built by Jewish businessman, the late Sam Rahamin Levy, in 1990.
According to Zim Eye, The shopping complex has lost its shine due to electricity shortages, as many of its tenants now use generators due to the incessant power cuts.
Journalist Hopewell Chin’ono had this to say :
Zimbabwe’s premier shopping centre, Samy Levy’s Village, is up for sale for US$120 million.
Situated in Harare’s Borrowdale suburb, Samy Levy’s Village was built by Jewish businessman, the late Sam Rahamin Levy, in 1990.
His family is selling the shopping complex after owning it for 34 years.
Insiders in real estate say the family will accept US$95 million cash, but it must be paid offshore.
The shopping complex has lost its shine due to electricity shortages, as many of its tenants now use generators due to the incessant power cuts.
Unlike many premier shopping malls worldwide, you would be welcomed by the noise of generators!
These are signs of business and economic failures hitting the country as there is less expenditure from the general public and the white minority has also left the country
