ABC has joined hands with Verdun 1544 Holding to launch a $200 million retail development project,‘ABC Verdun,’ in Beirut.
The project will be constructed on an 18,000 sq m property with 175,000 sq m of built area, out of which 50,000 sq m will be allocated to lease. The work on the largest commercial entertaining project in Lebanon will begin within six months and will be built as per the latest designs and global standards.
Further to this partnership, ABC holds the exclusive right to operate the development for a period of 30 years and investing in a 10,000 sq m for the ABC department store while the remaining space will be leased to other partners.
Source: TradeArabia News Service