Angola: Brazil’s Camargo Corrêa to build residential complex in Luanda

9 February 2009

Luanda, Angola, 9 Feb – A residential complex of 10 buildings and 200 apartments is due to be launched in March by Brazilian company Camargo Corrêa Imobiliária/Angola, in partnership with Escom Imobiliária, of Portuguese Group Espírito Santo, the real estate company’s director, Carlos Horácio Filho said.

The project is being built in the Mussulo area, at an investment of a minimum of US$50 million.

The new project will have 1-, 2-, 3- and 4-bedroom apartments that will be sold for between US$500,000 and 2 million each.

According to Horácio Filho, the company is also planning to launch, in June of this year, another commercial project, including offices and stores, at an estimated investment of US$70 million.

Camargo Corrêa Imobiliária/Angola started operating in March 2008 with the launch of the Luanda residential club, “Aquaville.”

Filho also said that construction of one of the eight buildings that will make up “Aquaville” had begun, in Talatona. The project is valued at US$50 million.

The project is also a partnership between Camargo Corrêa Imobiliária/Angola and Escom and is already at least 80 percent sold. (macauhub)