EconomyEditor's Pick

Pension authority, NAPSA, closes Lusaka’s Society Business Park, tenants get 10 days notice to vacate

0

The National Pension Scheme Authority (NAPSA) has announced the immediate closure of Society Business Park as a precautionary measure to safeguard human life.

NAPSA has given tenants, including Hilton Garden Hotel, 10 days to vacate the premises following the decision.

Speaking at a media briefing in Lusaka on Tuesday, NAPSA Board Chairperson, Shipango Muteto, described the closure as a costly but necessary action to protect lives.

He explained that after the structural failure of some columns at the office block in Society Business Park in October 2019, the area was vacated.

Subsequently, NAPSA commissioned a comprehensive assessment of the park’s structural integrity in November 2023.

“The detailed report, received in July 2024, revealed that parts of the development, namely the office block and parkade, are structurally unsound and unsafe for continued occupancy,” Muteto said.

Read More: ZCCM-IH pays out K36 million dividend to NAPSA for year ending December 31, 2023

He added that while the retail mall and hotel tower were deemed structurally sound, they require attention to address identified defects.

“The decision to close the entire business park also stems from the fact that the unsafe parkade and office block are directly linked to the hotel and retail mall through shared facilities,” Muteto stated.

He further noted that closing the parkade and office block, as recommended by consultants, would severely impact access to the mall and hotel, rendering both facilities inoperable.

All current tenants have been notified and instructed to vacate within 10 days as a safety measure.

WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.

Zambia targets 80% digital exposure by 2026 with new ICT infrastructure initiatives, by Kenneth Lutena

Previous article

Bank of Zambia governor says economy stable, but energy, cybersecurity require action

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Economy