BML purchases land from Hulhumale' for office

Bank of Maldives (BML) has purchased a plot of land from Hulhumale’ to construct an office building in the suburb. 

The land was purchased for MVR 58.7 million. BML purchased lot number 11611 which has an area of 15,822.5 square feet. 

The land was purchased at a rate of MVR 3,710.11 per feet. Payment for the purchase has now been completed. 

The Civil Court also ruled that the transaction was a valid one. The land purchased by BML is right next to Amin Avenue near Hulhumale’ Central Park.