31 March 2021
The Weekly
Sri Lanka

ODEL has entered into a Lease Agreement with the Urban Development Authority to lease, operate and manage the Arcade Independence Square for 10 years from 1 April. The agreement has the option to review for a further 10 years subject to terms and conditions. ODEL intends to operate and manage the Arcade Independence Square as a luxury boutique experience destination, adding to its cluster of operating and managing high-end shopping malls in the country. The company marks this venture as yet another significant milestone in pursuing its objectives of imprinting Sri Lanka as a high-end shopping destination in the region.

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