Shoprite Clock Tower Mall is on sale

Shoprite

By Drone Staff

This is a good deal.  The Clock Tower Mall former Shoprite on Ben Kiwanuka Street is on sale. The busy location is on 1.7 acres with a freehold land title that earns a monthly income of $28000 without the supermarket space, which is now empty.

The Drone Media has learnt that the selling price is $5M and the supermarket space can be turned into shops to generate more income of about Ugx 350m per month.

Arab owner wants to sell it because he is not in real estate business, he operates only the supermarket and he can take installments within 3 years.

ShopRite is a retailers’ cooperative of supermarkets with stores in six states: Connecticut, Delaware, Maryland, New Jersey, New York and Pennsylvania. It has been in Uganda since 2000.

Here, in Uganda, she has operated five stores, and prior to the announcement, there was an expectation for a sixth outlet to open up in an upcoming mall in Nsambya. According to various reports, sales had stagnated since 2017 and the venture was loss-making.

Carrefour Supermarket replaced Shoprite in Uganda. Majid Al Futtaim currently operates two stores in Uganda, under the banner of Carrefour. The six stores are located in Acacia Mall, Village Mall, Victoria Mall, Lugogo Mall, Clock Tower, and Arena Mall.

Carrefour is the biggest supermarket chain in Uganda. They are 6 Carrefour stores in uganda. Oasis mall, Metroplex Natalia, Lugogo mall,Victoria mall Entebbe, Acacia mall and Village mall.

Which countries are Carrefour in?

• France. Find all the information on Carrefour France, stores and recruitment. …
• Belgium. Find all the information on Carrefour Belgium, stores and recruitment. …
• Italy. Find all the information on Carrefour Italy, stores and recruitment. …
• Poland. …
• Romania. …
• Spain.  France’s Carrefour, the world’s second-largest retailer, doesn’t have a presence in the U.S., Japan, or Germany, although it has tried to break into all three countries.