Who is Zambia’s first world-class, mixed-use development?
Roma Park started off as a piece of 120 hectare agricultural parcel of land approximately 2.5 km off the Great East Road. In 2009 CPD Properties took ownership of was then Farm 609 on the Zambezi Road. CPD Properties has embarked on an infrastructure rollout which includes the provision of water and sewage reticulation, electrification of the entire development, construction of over 10 km of roads and the facilitation of fibre optic connectivity throughout the development. Since then Roma Park has been transformed into one of Zambia’s first mixed-use developments, and in partnership with the Zambian Development Agency – one of Zambia’s first Industrial Parks. As Roma Park grows, so the vision of the development becomes a reality.
Roma Park is the first private commercial property zoned as an Industrial Park in Zambia under the ZDA Act of 2006 – with the backing of the Zambia Development Agency, as well as the Government of Zambia. With currently over 98% of the residential plots on offer sold and major infrastructure complete, Roma Park is ideally positioned to provide extremely attractive investment opportunities and has successfully sold over 300 plots in the residential area since its inception in 2011. The commercial side of the park has sold 19 of its 42 plots.
With a single-minded focus on ensuring the successful establishment of Roma Park, CPD Properties has been carefully selected to back Roma Park, while Afritec Investments has been entrusted as the asset manager of Roma Park, providing strategic and advisory services to CPD Properties.
Roma Park is owned by Rendeavour and the CPD Investments Group. Rendeavour is Africa’s largest urban land developer, with city-scale developments in the growth paths of major cities in Kenya, Nigeria, Ghana, Zambia and Democratic Republic of Congo. www.rendeavour.com. CPD Investments specialises in commercial properties and provides land acquisitions, property developing, investments, disposals, renting, leasing and property management services. With a wealth of knowledge in both strategic management and development, CPD is well-positioned to provide excellent guidance for the project.
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