Construction work recently commenced at the site for the Douala Grand Mall in Cameroon according to African project managers, Profica. Phase 1 of this Actis led project will include an 18,000m2 retail and leisure centre, while Phase 2 (Business Parc) includes the development of office buildings across a 12-acre site in Phase 1. It is located in Bonapriso, a district for diplomatic missions and high-end residential, and will include basement parking, including a supermarket anchor, entertainment facilities and restaurants.
Actis announced the project along with another mixed-use development named the Renaissance Place in Abidjan. Both are Actis’ first Real Estate investments in Ivory Coast and Cameroon for thirty years.