Harare, Zimbabwe – In a surprise move, the iconic Sam Levy’s Village shopping center has been put up for sale for a staggering $120 million. The premier shopping destination, located in the affluent Borrowdale suburb, has been a hub of activity for over three decades.
Built in 1990 by the late Jewish businessman Sam Rahamin Levy, the shopping complex has been owned and operated by the Levy family for 34 years. However, due to the current economic challenges and frequent electricity shortages, the family has decided to sell the property.
According to sources close to the deal, the family is willing to accept a cash offer of $95 million, but the payment must be made offshore. This condition has raised eyebrows among potential buyers, who are concerned about the country’s stringent currency control regulations.
Despite its prime location and reputation, Sam Levy’s Village has lost some of its shine in recent years. The frequent power cuts have forced many tenants to rely on generators, which has affected the overall shopping experience. The once-thriving mall is now greeted by the hum of generators, a far cry from the sleek and modern shopping
