Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

ENL Land Unit, Atterbury to Build $80 Million Mall in Zambia

Don't Miss Out —
Follow us on:

Sept. 5 (Bloomberg) -- ENL Property, a unit of Mauritian company ENL Land Ltd., plans to build an $80 million shopping mall in Zambia as it expands in sub-Saharan Africa, Chief Executive Officer Gilbert Espitalier-Noel said.

The 25,000 square-meter (269,000 square-foot) project will be developed in Lusaka, Zambia’s capital, with South Africa’s Atterbury Investment Holdings, Espitalier-Noel told reporters today in Ebene, south of the capital, Port Louis.

ENL Property’s current developments total 20 billion rupees ($711.7 million), including residential projects and shopping malls. ENL and Atterbury’s first project is the 3.5 billion-rupee Mall of Mauritius at Bagatelle, a 42,000 square-meter development due to open on Sept. 29, it said.

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, Espitalier-Noel said.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis via Johannesburg at 1933 or gbell16@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.