Premium Plaza is the largest residential flats building in
Zambia
Zambia, officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa. It is typically referred to being in South-Central Africa or Southern Africa. It is bor ...
owned by the Zambia States Insurance Corporation (ZSIC). With 10 floors above the ground, the building is situated in
Kansenshi,
Ndola
Ndola is the third largest city in Zambia in terms of size and population, with a population of 627,503 (''2022 census''), after the capital, Lusaka, and Kitwe, and the second largest in terms of infrastructure development after Lusaka. It is the I ...
at the corner of Kwacha and Chela roads. The ground floor is a
shopping complex with assorted shops and offices.
The building comprises 108 flats and 18 shops.
Controversies
In May 2022, it was announced that the building is going on auction sale with a reserve price of
ZMW 55 million. However, shortly after, this was met with resistance when the Save Premium Plaza Society, a group of sitting tenants at the property, petitioned
Ndola Central
Ndola Central is a constituency of the National Assembly (Zambia), National Assembly of Zambia. It covers Ndola city centre and the suburbs of Kansenshi, Northrise, Nkwazi, Chipulukusu, Kanini, Hillcrest, Twapia and Dag Hammarskjöld in the Ndo ...
Member of Parliament Frank Tayali, requesting President
Hakainde Hichilema to stop ZSIC Life Limited from selling the property on the open market. The MP responded by advising ZSIC to halt the sale of the property.
References
External links
* http://www.zsic.co.zm/
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Residential buildings in Zambia
Buildings and structures in Ndola