PROPERTY agents in Bulawayo have increased rentals for commercial premises with tenants operating at the Bulawayo Centre Mall having to pay three times more at the end of this month.

Bulawayo Centre Mall, which comprises 55 shops is owned by the National Railways of Zimbabwe Contributory Pension Fund and managed by Knight Frank.

Knight Frank managing partner Mr Oswald Nyakunika confirmed the development yesterday, saying they were accepting all modes of payment from the tenants.

The rentals vary with the sizes of the shops but most tenants who were paying $600 will now fork out $1 800 while those who were paying $1 000 will now have to pay about $3 000 including 15 percent tax and operating costs.

-State Media