Build Angola company launches US$50 million real estate project

23 August 2010

Luanda, Angola, 23 Aug – The Angolan subsidiary of the Brazilian group Build Brasil has changed its name to Build Angola and plans to launch on Monday a housing project budgeted at US$50 million, one of the company’s partners announced in Luanda.

Paulo Sodré told Angolan news agency Angop on Friday that by changing its business name the company, which has been operating in Angola for more than six years, became an enterprise under Angolan law with a view to increasing its business in the country.

The Nosso Lar housing project to be launched on Monday in Luanda comprises three and four bedroom residences for a minimum price of US$119,000. The company is also developing other residential projects such as the Quintas do Rio Bengo and Bem Morar. (macauhub)