Business News of Tuesday, 11 April 2017

Source: todaygh.com

Kumasi City Mall opens April 20

A picture of an overview of the much-awaited Kumasi mall A picture of an overview of the much-awaited Kumasi mall

Countdown to the much-awaited opening of Kumasi’s first modern shopping mall – the Kumasi City Mall – began last week Thursday, with a facility tour for Kumasi-based media practitioners and a call on the people of Kumasi to take full advantage of the opportunities brought by an A-grade retail shopping facility.

Over one hundred journalists and practitioners from the electronic and print media in Kumasi were conducted around the sprawling edifice of the shopping mall and briefed on how it will operate when it finally opens to the public on the morning of Thursday, April 20, 2017.

Asantehene, Otumfuo Osei Tutu II, who originally cut the sod for the commencement of the project on June 6, 2014 will subsequently perform the formal commissioning of the US$ 95 million KCM on May 10, 2017.

Kumasi’s first modern shopping mall 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 letable space of 18,500 square metres and potential for further expansion of up to 10,000 square metres.

Chairman of the Board of Kumasi City Mall, Mr. Kofi Sekyere, told the journalists that the developer, Delico Property Investments Ghana Limited, is assiduously pursuing an agenda of setting an entirely new standard in comparative one-stop destination shopping in Ghana and said he very happy that in the span of just four years, the company’s footprints are boldly visible.

Kumasi City Mall, also known informally as ‘KCM,’ is the third straight development by Delico Property Investments Limited, coming after West Hills Mall (2014) and the Achimota Retail Centre (2015), both in Accra. ‘Aside of the obvious benefits such as the generation of employment for thousands in the metropolis, the residents of Kumasi and its wider catchment area can now be able to access both their basic necessities, as well as luxuries, from underneath one roof – a convenience factor which has eluded this great city for ages.

KCM also provides the bubbly Ashanti regional capital with a modern location for business transactions, social interactions and entertainment. Then over time, as far as food is concerned, this mall will provide a ready market access for fresh produce and help improve local farming techniques and quality control.

Apart from the convenience which a world class mall introduces into the shopping life of the people of Kumasi, Mr. Sekyere said he was particularly excited about the potential impact of the multi-million dollar investment on Kumasi’s local economy, lifestyle and business in general.

“Both the construction and trading stages of this project have generated considerable employment avenues for the youth in Kumasi. What is most desirable now is for the local business community to position itself strategically enough to take full advantage of the myriad of opportunities brought by the Mall,” Mr. Sekyere said.

Mr. Roux Gerber, Development Manager for the project who conducted the journalist around said apart from the Mall’s balanced tenant mix, unique design principles were incorporated in the architecture and its aesthetic designs to give the facility an ability to deliver on the aspirations, lifestyle and social demands of the average Kumasi shopper and patron.

“Of all the malls in Ghana, KCM is unique in many ways and one of its rare qualities is that, it does not only have a massive parking, it has the biggest basement parking in Ghana,” disclosed Mr. Gerber.

Kumasi city Mall is enclosed at the two extreme ends which house the two main anchor tenants – retail giants Shoprite and Game – but has a semi-enclosed midsection where the food court is located.