Wednesday 9 April 2014

Sri Lanka's Odel spends Rs800 Million for Colombo 7 land

Apr 09, 2014 (LBO) - Odel Plc, a unit of Parkson Retail Asia said it has bought land next to its main outlet in Sri Lanka's capital Colombo for 800 million rupees.

The fashion retailer said in a stock exchange filing, that the land would be used to build a 'flagship mall' in Colombo.

The extent of the in the upmarket Colombo 7 district, was not disclosed.

Related News:
http://www.cse.lk/cmt/upload_cse_announcements/4961397039072_.pdf

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