The Construction Industry Pension Fund (CIPF) in Zimbabwe has undertaken a strategic renovation of the Mezzanine Floor at its Construction House headquarters.
This project, driven by a commitment to long-term sustainability and member value creation, this exemplifies thoughtful design principles and a focus on environmental responsibility.
Optimizing space, maximizing returns:
The renovation’s primary objective was to maximize the Mezzanine Floor’s usage and generate new revenue streams for CIPF in line with the Fund’s strategic goal of portfolio rationalization of changing use of different rental spaces.
This aligns perfectly with the Fund’s strategic goal of creating innovative income sources that benefit its members.
The space has been transformed to accommodate several smaller shop units, creating a welcoming environment for small and medium-sized businesses (SMBs).
This not only enhances the functionality of the Mezzanine Floor but also fosters a vibrant atmosphere within the building and additionally in support of the national policy on small and medium enterprises.
A focus on accessibility and functionality:
To improve overall accessibility and visibility, a new stairway was constructed in the arcade of the Construction House, providing convenient access to the Mezzanine Floor.
The renovated space incorporates a modern, minimalist design that prioritizes functionality. This is achieved through several key improvements:
Optimized Space: The renovation involved optimizing the floor space to maximize the number of shops, creating a more efficient use of the entire area.
Welcoming Ambiance: The design fosters a friendly and inviting atmosphere for tenants and customers, contributing to a more positive user experience.
Improved Lighting and Ventilation: The use of natural light and fresh air enhances the overall experience within the space, promoting a healthy and comfortable environment.
Enhanced fire protection: the fire suppression system was improved and modernised so as to mitigate the risk of fire if it occurs.
Digitalised security: the mall has digitalised security to assist the man-security.
Sustainability at the forefront:
Sustainability was a key consideration throughout the renovation process. CIPF’s commitment to environmentally responsible practices is evident in the use of solar-generated power for the Mezzanine Floor.
This focus on renewable energy demonstrates CIPF’s leadership in environmental stewardship within the construction industry.
Aligning with CIPF’s mission:
The Construction House Mezzanine Floor renovation serves as a testament to CIPF’s dedication to its core objectives:
Creating Sustainable Value: The new shop units provide CIPF with a long-term source of income, ensuring a stable financial foundation for the benefit of its members.
Meeting Member Expectations: The additional revenue generated by the renovations will contribute to the overall financial health of CIPF.
This allows them to deliver on their pension benefit promises to members, fulfilling their core mission.
The Construction House Mezzanine Floor renovation project is a prime example of how thoughtful design and a focus on sustainability can be effectively combined.
Prioritizing functionality, creating a welcoming environment, and embracing renewable energy solutions, has enabled CIPF to ensure the long-term success of this initiative while simultaneously upholding its commitment to its members and the environment.
From S&D ISSUE 67
