Retail – Page 4 – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel


August 19, 2015

Updated: Ambode Terminates Falomo Shopping Centre Redevelopment Contract

Earlier today, Governor Akinwunmi Ambode of Lagos State terminated the concession granted by the Lagos State Development and Property Corporation (LSDPC) to Afriland Properties for the redevelopment of the Falomo Shopping Centre, Ikoyi. In July 2013, Heirs Holdings/Afriland Properties, signed an agreement […]
August 3, 2015

Developing a Shopping Mall in Nigeria Costs $4,109 Per Square Meter

Following the introduction and growth of modern retail across Nigeria over the last decade, more investors – international and domestic alike – are pouring capital into the development of shopping malls. An analysis of completed, planned and on-going shopping center developments illustrates that it costs these investors $4,109 […]
July 11, 2015

Resilient Africa is Investing $271m in 2nd Tier City Shopping Malls

Updated: 3rd August 2015 By year-end 2016, Resilient Africa is set to have invested $271m developing shopping malls in 2nd tier cities across Nigeria. The company, which was created through a joint venture with Resilient Properties – a leading South African REIT, Shoprite […]
April 17, 2015

Development: Delta Mall – Effurun, Warri

Name: Delta Mall Location: Effurun, Warri – Delta State Size: 13,980 sq. m. Anchor Tenants: Shoprite, Jet, Mr. Price Expected Completion: Q2 2015 Developer: Resilient Africa Cost: $55m Investment interest continues to grow in 2nd tier cities as more developers like Persianas […]
March 17, 2015

Increasing Tenant Depth is Key for Growth in Nigeria’s Retail Sector

The pool of retailers operating within the Nigeria’s rapidly growing retail market is relatively small. Many including Shoprite, have ties with South Africa, a country that has played an integral role in the development of modern retail in the Nigeria. However, 10 years after country’s first modern […]
March 17, 2015
Jabi Lake Mall. Image Source:

Development: Jabi Lake Mall – Abuja

Name: Jabi Lake Mall; Location: Jabi, Abuja; Size: 25,000sqm; Contractor: Bouygues Construction; Developers and Investors: Actis, Laurus Development Partners and Duval Properties Limited; Expected Completion: Q4 2015. Jabi Lake Mall is a 25,000sqm retail development in the Jabi/Utako region of […]
February 6, 2015

The Exact Location of the Centenary City

Here’s a map showing the exact location of the Centenary City relative to Abuja and nearby regions. It will be located minutes from the Nnamdi Azikiwe Airport, with surrounding regions including Kuje, Lugbe and Gwagwalada.
January 28, 2015

Development: Accra Financial Center, Accra – Ghana

Name: Accra Financial Center Location: Downtown Accra Use: Mixed Use (Office and Retail) Size: Office – 13,700sqm. Retail – 314sqm Developer: RMB Westport Parking: 369 bays Anchor Tenant (Office): Agricultural Development Bank The Accra Financial Center is a mixed use development in […]