Sam Levy’s Village on sale, US$120 million price tag set

Business Reporter

A cornerstone of Harare’s affluent northern suburbs, Sam Levy’s Village, is on the market for US$120 million.

The iconic shopping complex, known for its British-inspired architecture and upscale stores, is being touted as a “once-in-a-lifetime opportunity” for investors.

Spanning 30 acres of prime Borrowdale real estate, Sam Levy’s Village boasts a 40-year history of success.

Often referred to as “Little England” due to its resemblance to Bicester Village, the complex features buildings styled after English cottage and a Big Ben-inspired clock tower.

While the exterior evokes a charming English village atmosphere, Sam Levy’s Village caters to modern tastes.

The diverse shopping center offers a comprehensive range of stores, including supermarkets, boutiques, large anchor stores, cinemas and various service providers like hairdressers, pharmacies, opticians and banks.

Over the years, the complex has adapted to changing consumer demands, adding restaurants, gyms, cinemas, beauty parlours and even a skating rink.

The owners highlight the property’s impressive track record, boasting a 100 percent occupancy rate for the past four decades.

This consistency is attributed to the complex’s commitment to high standards and exceptional service delivery.

“Sam Levy’s Village, Zimbabwe’s premium shopping and dining destination, has continued to deliver the highest standards when it comes to service delivery over the last four decades, when it comes to security, ambiance second to none thanks to its open air feel, a wide range of retail outlets and friendly people who work in the retail spaces,” reads part of an advertisement for the property by estate agent Palm Gold Properties.

Anchor tenants at Sam Levy’s Village include major Zimbabwean retailers like OK Zimbabwe and Edgars, alongside various banks (ZB Bank, Nedbank, Ecobank), clothing stores (Adidas, Puma), restaurants (Spur, St. Elmo’s, Ocean Basket, Nando’s), service providers (QV Pharmacies, Pro Fitness Gym, Pirelli Tyres, Ster Kinekor, Electrosales), and automotive brands (Mercedes-Benz/Jeep, Zuva Petroleum).