Old Mutual to construct industrial park, private hospital

19 Jul, 2019 - 14:07 0 Views
Old Mutual to construct industrial park, private hospital

eBusiness Weekly

Tawanda Musarurwa
HARARE – Old Mutual Life Assurance Zimbabwe limited is mulling construction of a multi-million dollar industrial park and private hospital on a combined 27 hectare land in the Mhondoro-Ngezi rural district council.  

The planned industrial park will house Ball technology foundry (BTF) for the manufacturing of high chrome grade balls used in platinum processing and mining support solutions factory for the manufacture of industrial bolts used for rock support  in underground  mining safety operations.

According to Mhondoro-Ngezi rural district council 2019 Council Report for the first quarter, the local authority offered Old Mutual land for the hospital and industrial park valued at US$4, 25 and US$2, 50 per square metre, respectively.

The scheme which will be a major facelift for the fast growing district will encompass upgrades in sewer, electricity, communication and water supply network as well as construction of road network and other related support services.

Mhondoro – Ngezi is a mineral rich area that houses major platinum companies in the country thereby accommodating a substantial population that will make use of the said facilities.

Old Mutual said it will house diverse industries in the park whilst the hospital will have full medical services and advanced medical equipment  

“The industrial park will be established on a 15 hectare land …the scope includes establishment of seven standalone state of the art industrial shells to accommodate various industrial activities.

“Private hospital will be on 12 hectare land directly opposite the turf village low density area. The hospital is being designed to cater for standard hospital operations including and not limited to diagnostic and treatment functions such as clinical laboratories, imaging, emergency rooms and surgery.

“There are also hospitality functions such as food service housekeeping and fundamental impatient care or bed related function,” said Old Mutual.

Old Mutual group has lately been on a property development investment offensive as it recently unveiled a 12 000 square metres Small to Medium Enterprise complex in Harare’s central business district valued at $21,4 million.

The one- stop-shop complex is configured to accommodate a diverse range of SME business models under one roof.

Old Mutual Property is one of the largest property investment managers in Zimbabwe with a portfolio comprising over 500 000m² valued at approximately $510 million.

Located in more than 30 centres in Zimbabwe, the Old Mutual Property portfolio’s assets span across Retail, Industrial, CBD offices, Office Parks and Land.

The business has clients from within and outside the Old Mutual Zimbabwe Group.

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