Development in Namibia Beginning in November 2008, Namibia, a growing country in South Africa, will have its first own mixed use precinct ' with retail, residential, hotel, entertainment and offices all interlinked in a single lively location. Freedom Plaza will be developed by South African companies, like Madison Property Fund Managers, thus helping the South African economy. Also, the construction phase of the development is going to create thousands of jobs and numerous opportunities for Namibian businesses, with the ongoing operations of the hotels, shops and restaurants creating economic advancement for hundreds of families within the community. Redefine Mike Flax of Madison Property Fund Managers says, “Africa remains underserviced by reasonable quality real estate to cater to the needs of a continent growing at a pace well ahead of that of the developed world,” He adds that Namibia is a natural first step for South African companies wishing to grow beyond the border of South Africa as a result of its neighboring proximity, political stability and growing economy. Since this Plaza will have it all, a mix of retail, commercial, residential and recreational, it is good for the environment as it is easy to get around on foot, instead of having to jump into a “petrol-guzzling, carbon-emitting car.” Freedom Plaza will comprise of four premium-grade office towers, a 6-star boutique African Pride Hotel, a 4-star Hotel for the Arabella Starwood Group, three trendy residential apartment blocks including airy lofts and exclusive penthouses, and convenient retail to meet the everyday needs of those living, working, enjoying and meeting in this top-notch cosmopolitan destination. This five year project will culminate in two hotels with 350 rooms combined, 8,000m2 of retail floor space, 180 residential units, 35,000m2 of office space and 2,000 parking bays, with the public space linking all these ingredients offering an unsurpassed social experience. A third of...