ODEL advances with malls, acquisitions
View(s):The Colombo City Centre Mall which is the country’s first hyper mall with 210,000 sq. feet of retail space is scheduled to open in 2018. ODEL is the anchor tenant of this mall having leased out 40,000 sq feet of shopping space to showcase international brands such as Mango, Fossil, Luxe, Odel Sports and Swarovski etc,” the company said in its latest 2017-18 annual report. The company earlier this week announced the acquisition of the Cotton Collection brand and business.
ODEL said it is also the anchor tenant occupying 82,000 sq. feet of the Mall at One Galle Face which is expected to open in 2019.
“In 2020 ODEL plans to open its own mega mall comprising of 640,000 sq. feet which will be a landmark in the city offering retail, lifestyle, fine dining and living. The mall will house leading international brands under one roof. Further the complex will consist of 39 villa type condominiums with lush green sky gardens, two floors of multiplex cinemas and parking facilities for 550 vehicles.”