July 25, 2017 (LBO) – Sri Lanka’s Softlogic Holdings has revealed more details of their next big project which is the development of the 640,000 square feet Odel Mega Mall.
Softlogic Holdings says the mall will inspire Colombo’s landscape for retail, lifestyle, fine dining and living — it will house the world’s best brands retailed by Odel including the recently signed Canadian fashion brand, ALDO.
Odel has the distributorship rights for leading fashion and accessories brands such as the Toy Store, Armani Exchange, Trussardi, Cavalli Class, Blumarine, Hallmark and Love Moschino.
The mall will include spa, sports facilities, fine dining and multi-cuisine restaurants apart from superlative amenities and open public spaces.
It will also comprise two floors of multiplex cinema – one of the largest of its kind in the country, with seven fully equipped top-notch cinema halls.
The Mega Mall will house 39 exclusive limited edition villa-like luxury apartments topped off with a green sky garden and parking for 550 vehicles.
“We look forward to the exciting opportunities presented by the Mall, a highly eco-friendly and sustainable project designed by a leading German architect firm,” Softlogic said.
“This stylish, sophisticated and cosmopolitan mixed development project will comprise of a first-of its kind retail shopping experience which will be the address for the world’s top notch brands in Sri Lanka.”
Odel Properties One (Private) Limited, a fully owned subsidiary of Odel, recently entered into an agreement with Sri Lanka’s Board of Investment to set up this mixed development project.
Odel earlier said in a stock exchange filing that as per the agreement signed on 30th June 2017, the envisaged investment will be 105.7 million US dollars.
The company said the project will be developed in a land situated at Ward Place, Colombo 07 and expected to be completed by 2020.