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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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.
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 […]