29 November 2007
As well as being a property hotspot for overseas buyers, Cape Verde is an appealing prospect for business investors.
The popular holiday destination has been revealed as the location for a commercial property investment of €25 million.
New project Edifico Santiago is scheduled for completion in 2009 and will offer offices, apartments and retail shops, reports Machau Hub.
British-Portugues company Combat is behind the development and explained that the project in Praia reflects increased interest in Cape Verde.
"The idea of the project emerged because in Cape Verde the is a potential market for offices and, as well as this, it is a country that is growing, which offers political and exchange rate stability without equal in the whole of Africa," said Vasco Oliveira Santos of Combat.
The glass structure will have two floors of underground parking and is hoped to spark a raft of similar mixed-purpose developments in the capital city.
