Commercial Center

 

THE COMPANY

  • General Information

 

Company Name 

 CITY MALL

 Creation Date

 September, 5th 2012

Legal Form 

 Joint Stock Company (SpA)

Head Office 

 7éme kilomètre, route nationale N°05, route de Ain Smara, Constantine

 Capital 

 1 794 860 000 DZD

 Management 

 Board of Directors composed of 6 Members, chaired by ASICOM

 

  •  Capital                                                                                                                                                                                            KDZD
Shareholders

2012

 2013 2014 Since 2021

Amount

 % Amount % Amount % Amount %
 ASICOM 5 100   51       13 400   67   368 400   67  1 003 400 55.9
 Sarl SNA -  -     1 700   8,5   176 530    32  176 530  9.8 
 Fond National d'Investissement - - - - - - 610 000 34
 Individual shareholders  4 900    49     4 900   24,5     4 900      1 4 900   0.3 
 Total

10 000

 100    20 000   100   549 830   100 1 794 860 100  

 

THE PROJECT

  • Project Summary

Initially the project consisted in realizing a Hotel by Sarl Société Nord-Africaine.
In 2006, works started including essentially terracing but they were interrupted due to the lack of financial resources.
In 2012, the promoter contacted ASICOM for a partnership by creating City Mall Company. They took into account the fact that the total area is about 50,000 m² and decided to realize a Commercial Center in addition to the Hôtel.
In 2013, the company launched a national and international architectural competition. The retained project was the one of the Portuguese consulting Office called 'SOPSEC'.

After having regularized the administrative situation and obtaining the required authorizations the works started in June 2014 (terracing/700,000 m3 done).
The project will be realized in two phases, the first one concerns the commercial center and the second one concerns the Hotel which is actually interrupted because of the local Hotel market development and the lack of financial resources.

 

  • Project Content 

The project is located outside the Western City of Constantine (Algiers road) on an open site with direct access by the national road. There is a small forest on the Northern side.

The project is composed of a single building of 5 floors for a total built floor area of 39.000 m² distributed as follows:

  • super market 2000 m².
  • Car Park with two levels for 600 places.
  • Shopping spaces on a ground floor of 9 200 m².
  • Restauration spaces of 4600 m².

The works started in the second half of 2014 and their completion is scheduled at the end of second half of 2024.

the mall will begin operating in 2025.