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ES
Windhoek Council approves lease for Grow More Investments
['Josef Sheehama', 'Guest Contributor', 'Michel Haoses']
Namibia Economist
The Municipal Council of Windhoek has given its in-principle approval for Grow More Investments CC to lease two portions of Farm 466, located in Otjomuise.
The lease, granted for a period of 25 years, is intended for logistics and manufacturing operations.
The approval, announced during a recent Ordinary Council meeting, covers Portions 7 and 8 of Farm 466, which is also known as Ramatex Textile Namibia.
These two portions, measuring approximately 41,258 m² and 42,306 m², currently house two existing warehouse structures known as the Tai-Wah Warehouses.
Instead, Council resolved that the final rental amount be determined through negotiations between the two parties, with the agreed price to be submitted to Council for consideration upon conclusion of the negotiations.
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