Region: South Asia (SA)
Country: Sri Lanka
Keywords: PPPs by Topic *, Innovative Revenues for Infrastructure (IRI) **, Sri Lanka
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Document Summary:
Softlogic Holdings subsidiary Odel PLC yesterday entered into an agreement with the Urban Development Authority (UDA) to lease, operate and manage Arcade Independence Square for a period of 10 years commencing from April 1, 2021 with an option to renew for a further 10-year period subject to terms and conditions of the lease agreement.
Document Details:
It intends to operate and manage Arcade Independence Square premises as a luxury boutique experience destination, adding its cluster of operating and managing high-end shopping malls in the country. Softlogic Group has already leased out considerable floor areas in the country’s leading shopping malls such as One Galle Face and Colombo City Centre.
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