Region: South Asia (SA)
Country: Sri Lanka
Keywords: Innovative Revenues for Infrastructure
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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.
Updated: August 8, 2023