Apr 19, 2017 (LBO) – Walkers CML International (Private) Limited, a subsidiary of MTD Walkers PLC, said it will build its first luxury residential project in the Maldives.
Walkers CML International signed the agreement for the ‘One Avenue’ project with DAMAS Company Private Limited, a property developer in the Maldives, for the construction of a 10-storey complex with 95 luxury apartments.
The apartments are located in Hulhumale overlooking the scenic yacht marina.
“Securing this project in Hulhumale` is a step in the right direction of achieving our Group’s strategy to expand regionally,” said Jehan Amaratunga, executive deputy chairman of MTD Walkers PLC.
He said Walkers CML International was incorporated in order to capitalize on the opportunities present within the construction industry in the Maldives.
“Whilst there have been many challenges in setting up our local operations here in the Maldives, Walkers CML International was able to draw upon the Walkers CML Group’s experiences and expertise to secure the ‘One Avenue’ project,” says Hiran Bibile, Country Head of Walkers CML International.
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Source URL: Google News