Kinaxixi Complex (Under Construction) (Luanda)

 restaurant, cafe, marketplace, shopping mall

The company presents its first real estate complex, Kualanda, which will be built in one year, and launches a new project in the Kinaxixi area, also in Luanda, estimated at over 100 million euros.

Filipe Soares Franco, Chairman of the OPCA Board, recently announced in Luanda, that a second real estate project is set to kick off in the very near future, representing an estimated investment of over 100 million euros (150 million US dollars).

This new project, located near Kinaxixi in Luanda, will reinforce the Portuguese company’s presence in this segment of the Angolan market. Next, will be a first building called Kualanda, recently presented to the market by OPCA, which will take a year to complete – a major part of this has already been sold.

According to Filipe Soares Franco, the enormous market response to this first building is due mainly to its “superior architectural quality”.

This Kualanda building, which represents an investment of over 35 million euros, is mainly for housing, with 4 underground car parks (130 cars), ground floor and mezzanine with 4 shops, 3 floors of office space,
40 apartments divided between 8 floors and a penthouse on the top – a total construction area of over
15.960 sq metres.

The construction of the second building will begin in 2008. This is a top quality project set in a prime location, in the same block in which the Torres Espírito Santo (Espirito Santo Towers) will be built. This new building will have 20 floors, including 6 underground floors – a total construction area of 30.000 m2.

Although OPCA has only recently entered the Luanda real estate market, it has been in Angola for a long time involved in many construction works spread out through a number of regions: Cabinda, Kwanza Sul, Benguela, Huíla and Namibe.

To name some of these works: Repairs to the Cabinda and Lubango Hospitals, various railway bridges for the Benguela and Moçâmedes Railway lines, National Bank of Angola in Sumbe and Lubango.

When OPCA first entered the Angolan market, the company was involved in various projects such as building schools, housing, banks and sports centres amongst others.