Project Description
The Project consists of the phased construction and operation of 19 greenfield shopping centers across West and Central African countries at an estimated cost of approximately€500 million. The Project Company is SGI Africa SAS ("SGI Africa" or “the Company''''), the property development and management arm of CFAO Retail, the retail division of CFAO S.A. ("CFAO" or the "Group" or the “Sponsor"). CFAO is a front-ranking specialized distributor and preferred partner of major international brands, serving the high-potential equipment & services, healthcare and consumer goods markets in Africa and the French overseas territories. CFAO is partnering with Carrefour S.A., one of the world''s largest international food retailers as the Project''s selected anchor tenant for the proposed shopping centers.