Seven Hills 综合用途开发项目 – 喀麦隆雅温得

出售

私人招标

Jean-Paul II Arterial

| Yaoundé

| 1906

右

1,000,000

概括

A mixed-use development that focuses on a unique combination of retail and leisure offerings that promises to be a first-of-its-kind for the City of Yaoundé. The development includes:

Strong retail centre to cater for an underserviced market in Yaoundé. There is limited competition in terms of formal shopping centre developments.
A five-star hotel, the first of its kinds for the city.
A modern office park featuring international standards in quality, functionality and design.

The location of the site is close to the embassies, and residential areas where high-income local and foreign workers reside.

地点

情况

The proposed site known as the Seven Hills Mixed-Use Development is located in the district area known as Yaoundé 2 along the Avenue Jean-Paul II main arterial in the capital city of Cameroon. Yaoundé is situated in the Central Province of Cameroon.

The site is close to the embassies and affluent residential areas.

The primary trade area extends approximately 3km?s radius distance from the site. The secondary trade area extends to roughly a 4km-5km radius distance from the site and the tertiary trade area (inflow area) is represented by the rest of Yaoundé.

The site remains strong for a development of this nature, and is supported by an independent feasibility study.

描述

RETAIL SHOPPING CENTRE

The retail development is planned to consist of a total 17,246m² and comprises two levels of retail and three basement levels of undercover parking of about 22,764 m² offering a relaxed family friendly shopping experience.

A mix of local and international retailers will form the backbone of the facility, offering a range of shops from groceries, clothing, housewares and leisure, fashion and style, and restaurants and fast-food chains, with an international retail brand being the main anchor.

Several entertainment features include an outside multipurpose Amphitheatre that is surrounded by restaurants and family entertainment centre, a relaxed open area for children to play with the capacity to hold events such as live musical shows, screening of sports events and fashion shows and other similar interactive performances.

The total retail size for the Seven Hills Site first phase is at ±13,600m², which corresponds with market requirement.

A food retailer of ±2,500m² and an entertainment component of ±2,300m² are suggested as the anchor tenants for this development. Interest has been shown by retailers to occupy this space.

FIVE STAR HOTEL

The five-star hotel, is envisaged to be operated by an international hotel group, will be constructed as part of the mixed-use development.

The hotel will feature 150 rooms, conference facilities, restaurant, pool bar and sun decks with state-of-the-art modern designs and decor.

The building has been designed with a ground floor incorporating entrance lobby, lobby lounge, meeting rooms with pre-function area and back of house service area accessed from rear off the
adjacent main road. The first floor accommodates a large sub-divisible conference hall/ballroom catering for approximately 600 persons a large dinning facility for guest and selected visitors only and is complete with pool bar and glass side swimming pool.

UPMARKET OFFICE PARK

The office park will have basement parking facilities that features state of the art technology for access control and climate control in a well-planned and designed environment, which will form a premier business destination in Yaoundé.

The Multi storey building will ensure flexibility and layout options to the tenants in terms of spatial usage and size, allowing options to the smaller tenants as well as large corporate tenants, and will allow several corporate organizations and businesses the opportunity to establish themselves in a professional modern environment, that stands out from other facility currently in Yaoundé.

Secure residential living in an upmarket apartment-style establishment, close to supporting retail and commercial amenities quick access to workplaces is achieved through the seven Hills residential development.

Market Assessment

The annual turnover for the catchment area at the indicated size is estimated at $51.2 million for 2024 with an average annual trading density of $3,795 for the proposed shopping centre at current projected market indicators.
The total average retail expenditure is estimated at $445 for an effective market of 82,399 households which represents 23% of the catchment?s households.
The market share of the proposed shopping centre is 10.5%.

Macro and Micro Assessment

The city of Yaoundé has experienced expansion in the southern and a northern parts of the city.
The population of Yaoundé usually doubles after every 8 to 9 years. With an exponential growth of about 4.1% per annum, Yaoundé exceeds other towns in Cameroon and is typical of the fastest-growing towns in the world.
The population and urban growth of Yaoundé are attributed to natural increase and migration which increases 4% to 5% annually since 2000. Rural-urban exodus and immigration from abroad have greatly contributed to this population and urban growth. About 25% of the urban population of Cameroon is located in Yaoundé. In the last 6 decades, the population of Yaoundé has increased 10 folds.
As the capital of Cameroon, the growth of Yaoundé is further attributed to the concentration of public services and diplomatic representation in the city. In 2019 Yaoundé was ranked the second fastest growing city in Africa after Luanda-Angola.

Capex

Note: The Capex document is in the downloads section at the bottom of the page.

Financial Analysis

Seven Hills income comprises of the following key revenue streams:

? Commercial office park

? Retail center

? Hotel

? Structured basement parking

For more information please see the Financial Analysis download at the bottom of the page.

Socio-Economic Impact

The development of the mixed-use development has the potential of a trade injection to the economy as follows:

Shopping Centre Turnover Potential (Accumulative Trade Generated by retailer?s p/a): $64,635,686
Retail Rental Projected income p/a: $8,928,000
Office Development Projected Rental income p/a: $7,860,000
Hotel Development Projected Turnover: $8,644,806

The regional impact of the Seven Hills development will be to the similar extent as that of the new Douala Grand Mall Development, by attracting international investment and kick starting on a globalized level, trade investment to the localized level of Yaoundé and the direct region. Ensuring multiple expansion of construction spin-offs to the economy as well as providing an international platform for trade expansion by introducing local partners to global retailers thus developing trade gravity for the region.

On a social economic level, employment opportunity and skills transfer will benefit the local economy immensely. International know-how in terms of development, property management, retail management, consumer and customer care, facility management and rental management will be transferred. The efficiency derivative, that is difficult to measure in general, will enhance investment ease due to a broader base of skills that will be developed over time.