"Luano City’ project
Luanao City is located in the DRC’s fastest growing city, Lubumbashi, with current population in excess of 1.8 million people with a growing middle and upper middle class. Situated on the richest copper belt in the world, its fast rising income levels are as a result of the booming mining sector. Focus is on the building of new mines as well as the re-opening and expansion of existing mining facilities with numerous international mining houses operating in the vicinity (over US $10bn of inward investment). A Chinese investment of US $6bn for road infrastructure is approved and underway an there is a desperate need for the supply of housing, office, shopping and other community related facilities.
There is an availability of cost-effective bulk services and it has the highest level of provincial and local government support
Project overview and the opportunity
The project proposes a brand new city centre on the most prime land to the north-northeast of Lubumbashi, adjacent to the Lubumbashi Luano International Airport. There is an opportunity for a new city with pent up demand for all types of property. This Capital City of the province has the richest mineral deposits in Africa. The present landholding consists of 300 hectares, with an additional 80 hectares under negotiation.
The developmental rights have been secured for the planned development of:
Residential: Over 3,000 medium/high density residential opportunities,
Retail: 200,000 sqm of retail space
Golf Course: 18 hole golf course with 60 room hotel and clubhouse
Hotel:3 Business and Luxury Hotels
Commercial: 300,000 sqm of commercial office and light industrial space
Amenities: Education, medical, religious and
Consular precinct .
Parks and Leisure Areas
Sport Stadiums
Shipping Center with major SA Tenants, Including Restaurants , Conference Facilities and Investor Opportunities.
Casino and Conference Center.
It is anticipated that it will take 7 years to sell the land and 15 years for the completion of top structures.
The Project views.
