Togo: BOAD to support Duval’s mall project in Lomé

Investments

Tuesday, 09 May 2023 17:20

Togo: BOAD to support Duval’s mall project in Lomé

(Togo First) - During its 135th board meeting on May 8, the West African Development Bank (BOAD) announced its plan to invest CFA5.13 billion in a mall project in Lomé, Togo.

"The project will contribute to making Togo a premier business center by setting up a commercial platform of international standing," the Bank noted. The project is carried out by the Duval Group, a French real estate company.

In detail, the project involves constructing a food hypermarket with a floor area of 5,350 m² (equivalent to a sales area of 3,200 m²), 4,863 m² of medium-sized areas divided into six volumes, 1,340 m² of boutique space, a food court area of 525 m² with an outdoor terrace, 1,075 m² of office space upstairs, and 304 parking spaces.

According to projections, the center can accommodate a total of 3,500 people, of which 3,150 will be visitors and 350 will be staff. Overall, the project is expected to cost CFA5.94 billion and be completed within 18 months. The costs should be divided as follows: CFA2.13 billion for the hypermarket, CFA1.39 billion for the shopping gallery, and CFA1.26 billion for the other attractions around the shopping center.

Two years ago, the Duval group started preliminary works for the project located at Bè-Massouhouin-GTA (Golfe 3 Commune, Lomé).

Ayi Renaud Dossavi

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