Our Portfolio

Lilongwe City Mall (LCM) Limited
Lilongwe City Mall (LCM) Limited is a company that is engaged in renting out premises located principally in Malawi. The company owns one investment property, Lilongwe City Mall, a retail shopping centre in the capital city of Malawi. The mall occupies 14,427 square metres lettable space.

The mall is in the central business district of Lilongwe’s Old Town along Murray and Kenyatta Road catering for the city’s middle and upper class. Business activities include fast food joints, retail outlets, supermarkets, banks, mobile network companies and other services.

Chichiri Shopping Centre (CSC) Limited
Chichiri Shopping Centre Limited is a property holding company with a single retail property under its property portfolio. The principal activity of the company is the provision of rental units in the Chichiri Shopping Mall to regionally based and local retailers. This was the first shopping mall in Malawi.

This property comprises a single-storey shopping mall, located in a commercial area along Masauko Chipembere highway in Blantyre. It is centrally positioned between Blantyre and Limbe business districts to the west and east respectively with Chichiri industrial park to the north and low and medium density residential areas to the south. It has a total lettable space of 14,129 square meters and offers renting space for various types of businesses ranging from retail shops, mobile phone companies, restaurants, banks.

Kang’ombe Investment Limited (KIL)
Kang’ombe Investment Limited, which owns Kang’ombe House, is engaged in the business of developing and letting out property. Situated in the high street of Lilongwe’s City Centre, the property is the tallest commercial building in the country.

NICO Properties Limited (NPL)
NPL is a property holding company established to develop and hold various investment properties. The company aims to manage its property portfolio effectively to ensure a high level of customer satisfaction, an appropriate and tax compliant capital structure and to generate a positive return to shareholders. NPL holds the following properties:

  • NBS Blantyre branch
  • Stansfield Motors-Blantyre
  • NBS Lilongwe branch
  • Stansfield Motors-Lilongwe
  • NBS Head office-Blantyre
  • New NBS Limbe Branch
  • NBS Zomba branch
  • NBS Limbe branch
  • NBS Bank, Mzuzu

NICO House Lilongwe
NICO House situated in Lilongwe is located on plot number 19/24. The property is used for office space and has total lettable space of 2,837 square meters.

Chibisa House
Chibisa House is in the financial capital of Blantyre on 30 Glyn Jones road. The property is used for both office and retail space and has total lettable space of 2,244 square meters occupied by five tenants, including NICO Holdings Plc, NICO Asset Managers Limited, Eris Properties Mw Limited, Malawian Airlines and K99 Shop.

NBS Bank Head Office, Ginnery Corner, Blantyre
The property is let to NBS Bank Plc and is used as its Head Office. It consists of a double storey banking hall and offices, single storey office block, carports, refuse house. The property covers a total lettable space of 2 502 m². The location is a commercial and light industrial development area and is found on Plot No. BE 243 - 244, at the corner of Masauko Chipembere Highway and Johnstone Road.

NedBank Building Limbe
Let to Nedbank and Matindi Television, this property consists of a three storey commercial building with a basement. It’s total lettable space is 1 294 m². The building is in Limbe’s central business district and located at Plot No. LE235, corner Churchill Road and St James Street.

Stansfield, Lilongwe
The property has a total lettable space of 3 649 m² and is leased to Stansfield Motors. It ccomprises a two storey administration block with a showroom and offices on the ground and first floor. It is situated off Murry road in area 4 Lilongwe on Plot Bwaila 268-269, in an industrial area near Lilongwe Old Town.oad.

Stansfield, Blantyre
Leased to Stansfield Motors, the property ccomprises a two storey administration block with a showroom and offices on the ground and first floor. There is a total lettable space of 6 487 m².  Found in the industrial site on the North side of Ali Hassan Mwinyi Road opposite Kamuzu Stadium at Plot BE 292-Blanty

NBS Bank, Limbe
The property is let to NBS Bank Plc and used as its Limbe NBS branch. It consists of a three storey banking hall and offices, shed, carports, generator house and guard house covering a total lettable space of 1 294 m².  The NBS Limbe branch sits along Churchill Road on Plot No. LE213 & LE404 in Limbe’s central business district.

Residential Houses
ICON has residential properties mainly in the southern region and Central of Malawi