Unique Investment Opportunity Swakopmund Namibia

Platz am Meer is a landmark destination in the town of Swakopmund, on the
coastline of Namibia. It was developed by Safari Developments in 2016 and consists
mainly of a 21,503m2 GLA commercial phase of retail.
The development includes 36 privately owned residential units and is on seafront
property, linked to its own small craft sea-harbour. Being the gem town of Namibia,
Swakopmund is both a sought-after place of permanent residence and a popular
year-round destination thanks to its desert adventures, pristine beaches, and an
exclusive coastline.

The Platz am Meer development has proven not to only attract the community of
Swakopmund to its amenities but has also become a destination for those from
other towns along the Namibian coast. The development offers a variety of food
and fashion retailers, sea-view restaurants, banking outlets and office space in a
beautiful coastal environment.
Residential phase - The Pier Platz am Meer Water front GLA Swakopmund Waterfront:
Namibian Landmark The development is complemented by The Pier, consisting of 36
premier luxury waterfront apartments. All units were sold and are now privately owned
and managed by a Homeowners Association. The residential phase overlaps with the
commercial phase only iResidential phase - The Pier Platz am Meer Water front GLA
Swakopmund Waterfront: Namibian Landmark The development is complemented by
The Pier, consisting of 36 premier luxury waterfront apartments.
All units were sold and are now privately owned and managed by a Homeowners
Association. The residential phase overlaps with the commercial phase only in terms of
overall maintenance decisions, for example exterior paint of the building. Other than
that, the phases operate independently. Units at The Pier that owners made available
for accommodation are rated "Superb" on Booking com. More information on the
residential phase is available on the pier website. The Waterfront harbour The
Swakopmund Municipality required that a breakwater structure be constructed as part
of the Platz am Meer development to form an alternative small craft harbour for the
town.
The harbour construction is complete and is already in basic use. A process is currently
underway with the relevant Namibian state entities to register a seashore lease over
the reclaimed sea area and to manage this area more efficiently. Operation of the
harbour is managed independently from the commercial phase of Platz am Meer
Additional bulk Additional bulk available consists of 5 013m2 known as Erf 14, 15, and 16
on the corner of Albatros and Tsavorite Streets as well as 4 000m2 reserved on the
second level parking for future expansionn terms of overall maintenance decisions, for
example exterior paint of the building. Other than that, the phases operate
independently. Units at The Pier that owners made available for accommodation are rated "Superb" on Bookings.
More information on the residential phase is available on the pier website. The
Waterfront harbour The Swakopmund Municipality required that a breakwater
structure be constructed as part of the Platz am Meer development to form an
alternative small craft harbour for the town. The harbour construction is complete and
is already in basic use.
A process is currently underway with the relevant Namibian state entities to register a
seashore lease over the reclaimed sea area and to manage this area more efficiently.
Operation of the harbour is managed independently from the commercial phase of
Platz am Meer Additional bulk Additional bulk available consists of 5 013m2 known as
Erf 14, 15, and 16 on the corner of Albatros and Tsavorite Streets as well as 4 000m2
reserved on the second level parking for future expansion.
Shopper & Household Market Survey by Urban Studies, 2019
- Market potential projected for 2024: GLA of 22 255m2
- Number of households (2023): +-55 000
- Market share of the centre: 49%
- 35% support from nearby towns
- LSM profile: 6 to 10
- Average income of the area around the centre is the highest: +-N$32 500 per month
- Average household income: N$23 500
- The following stores are seen as the most supported stores in Swakopmund:
Checkers, Dis-Chem, Cape Union Mart, Edgars