SSNIT owns 40% in West Hills Mall

BY: Graphic Business
West Hills Mall

The Social Security and National Insurance Trust (SSNIT) has through a joint venture mechnaism invested in the West Hills Mall projects at Dunkonah in Accra.

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The move forms part of efforts to expand its investment alternatives in order to achieve the best yields for its members and ensure sustainability of the fund. 

SSNIT has a 40 per cent equity stake in the West Hills Mall Limited (WHML) while Messrs Delico Properties Development (DPD) of Mauritius has a 60 per cent shares in the joint venture. 

A media release issued by SSNIT and signed by its Corporate Affairs Manager, Ms Evangeline Amegashie, said the joint venture with WHML was in consonance with SSNIT investment policy of being part of the economic development of the nation without sacrificing its desired net yield. 

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The WHML which commenced in December 2012 was opened on opened on October 30, 2014. 

The mall, together with ancillary areas covers a stretch of 24 acres with a 27,000 metre of gross lettable area at Dunkonah and itsthe biggest mall in the country. 

It has two large anchor tenants, Shoprite and palace, and a mix of local and international line shops, cinemas, restaurants and 1,145 parking bays. 

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The second phase will commence soon.