Outdoor Eats

SHOPPING malls across Harare’s high density suburbs iwc replica have been hit by low occupancy levels amid claims of exorbitant rentals levied by owners, The Financial Gazette has learnt.In a response to questions sent to them, Old Mutual Properties Zimbabw-e, who own a large portfolio of shopping malls in the country, iwc replica watch revealed that their retail complexes located in low income areas have largely been affected by the economic depression Omega replica watches of the last decade, resulting in businesses closing down and vacating their rented premises.

“Low levels of occupancy have mainly been experienced Replica Tag Heuer in our relatively large retail complexes located in the lower income areas . . . The main reason for the lower occupancies is the depressed economic environment prevailing in the country. Despite this depressed status, we have noted a gradual improvement in the occupancies for the entire portfolio in line with some of the economic gains since dollarisation in February 2009,” said Lillian Mubaiwa, Old Mutual Properties’ spokesperson.