MAURITIUS COMPANY ENL PROPERTY TO CONSTRUCT A SHOPPING MORE IN LUSAKA AT A COST OF $80MILLION

ENL PROPERTY, A UNIT OF MAURITIAN COMPANY ENL LAND LIMITED, PLANS TO BUILD AN $80 MILLION SHOPPING MALL IN THE COUNTRY AS IT EXPANDS IN SUB-SAHARAN AFRICA.

ENL PROPERTY CHIEF EXECUTIVE OFFICER GILBERT ESPITALIER-NOEL HAS DISCLOSED THE DEVELOPMENT.

MR. NOEL SAYS THE 25,000 SQUARE-METER PROJECT WILL BE DEVELOPED IN LUSAKA, WITH SOUTH AFRICA’S ATTERBURY INVESTMENT HOLDINGS, ESPITALIER.

HE SAYS ENL PROPERTY’S CURRENT DEVELOPMENTS IS ABOUT $711.7 MILLION, INCLUDING RESIDENTIAL PROJECTS AND SHOPPING MALLS.

END.

MR. NOEL  HAS STATED THAT THE ZAMBIAN PROJECT IS A STEPPING STONE IN AFRICA AND PART OF THE COMPANY’S “LOGICAL EXPANSION” AS IT PROSPECTS OTHER SUB-SAHARAN COUNTRIES SUCH AS TANZANIA AND MOZAMBIQUE.