The planned project has stalled since 2009. It was billed to be the second largest shopping mall in the country after the Mlimani Shopping Complex owned jointly by the University of Dar es Salaam and Turnstar Holdings of Botswana.
Speaking over the phone with ‘Property Watch’, Zadock Koola, Chairman of ZEK Group said the project will now take off following successful securing financing.
“We are finalizing a financing deal and everything will soon take off. We hope to complete the project after one year and six month,” Koola said.
In 2009, ZEK Group International, a Tanzanian property development firm undertaking the project dubbed Dar Village comprising of shopping malls, office space, hotel and residential apartments worth $33m. But the project stalled due to financing according to Koola.
Koola added: “This is a private project, there is no public stake in it, we own it by ourselves, so where is the problem? We can continue with the project anytime when we get the funds”.
Koola said all necessary regulatory requirements including having an Environmental Impact Assessment have been completed.
The project which attracted big names including Nakumatt supermarket chain of Kenya which had booked 10,000 square metres of space by 2010, also faced controversy because an upmarket roadside pub, Rose Garden refused to give way for parking space.
The developer said while the project is still in the first phase of construction, about 80 per cent of the space was already booked by tenants from both within and outside Tanzania prior to 2010.
Deputy Minister for Lands, Housing and Human Settlements Development Angellina Mabula told ‘Property Watch’ in a telephone interview last week that the government has already ordered district councils to forward to the ministry all plots that have not been developed.
“I did not see this case of Dar es Salaam Village project as you said in my office after delaying developing their plot, maybe it’s not a problem to the Kinondoni Municipality, because if it was, the case should have been referred to the Ministry for further action,” she said.
She added: “We have asked all district councils, with reasons to forward all plots that are not developed to the Ministry of Lands, Housing and Human Settlements Development so that it would look for a possibility of referring them to the President for cancelations of certificate.”
Mabula also said that district councils are entitled by law to give those who are not developing their plots a 90-day notice to explain why they are not doing so before their certificates are cancelled.
For his part, Kinondoni Municipal Mayor Boniface Jacob said: “We are not dealing with people’s property, maybe he does not have funds to develop his plots.
I don’t want to engage in private issues, he bought the plot and I have nothing to do with it. It is not a public property”.
Meanwhile, the planned Dar es Salaam Village Commercial Complex project has 37,000 square metres of shopping space.
ZEK Group International was founded over 20 years ago in Tanzania with operations in several African countries and has interests in real estate, communications, advertising, public relations and other media.