PPH Auasblick gains take-over certificate

The City of Windhoek has granted PPH Auasblick’s first phase development a take-over certificate, marking a significant milestone for the project.

PPH Auasblick is a public-private partnership collaboration between the City of Windhoek and Sinco Investments, trading as PPH Auasblick.

Hangala Properties is the majority shareholder in PPH Auasblick and also serves as the project managers on the project.

In a press statement released last week, Hangala Properties’ managing director, Diina Shituula, said this project will ease the housing backlog in the city.

“This project brings tremendous value to the city. It not only eases the housing backlog and provides serviced land, but also connects the suburbs of Avis and Olympia through the Jason Ndadi Hamutenya Road,” said Shituula.

The project has been split in two phases with Phase 1 being funded by the Development Bank of Namibia (DBN) along with Mergence Unlisted Investment Managers, totalling just over N$130 million.

Phase 1 brings to the market a general residential erf, a business erf along with 114 single residential erven, ranging from 720 sqm2 to 3 964 sqm2.

“The ripple effect of such developments cannot be understated.

It creates a multiplier effect, benefiting suppliers, industry professionals and the wider economy,” said Shituula.

Phase 2 aims to bring 150 erven to the market, with servicing targeted to start on 1 April.

“Plots in Phase 2 are generally smaller and we already have over 60 erven reserved,” said Shituula.

Auasblick Extension 1 stands as a testament to successful cooperation between public and private entities, promising a brighter future for Windhoek’s residents and its economy.