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Jabi Lake Mall, Abuja – Construction Progress Video Update

Using drones, UAS Innovations & Solutions Ltd have provided video updates of the construction progress for Jabi Lake Mall. It is a 25,000sqm retail development by Actis, in the Jabi/Utako region of Abuja. Construction began in 2014 and completion has been slated for year end 2015. This double level mall will feature contemporary architecture, waterfront restaurants, cafes and fast food outlets […]

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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 with the LSDPC to redevelop the facility into a modern mixed use complex with office and […]

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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 per square meter to complete these malls. As the graphic below shows, malls in Lagos are slightly […]

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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 and Standard Bank, is attempting to establish a strong foothold in cities where little or no […]

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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 and Resilient Africa are keen on taking advantage of Nigeria’s undersupply of modern retail. Delta Mall, which is […]

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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 mall (The Palms, Lekki) was built, a handful of the South African as well as […]

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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 Abuja. Construction has been ongoing since 2014 and completion is slated for year end 2015. Similar to other real […]

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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.

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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 downtown Accra that will be anchored by the Agricultural Development Bank. It is RMB Westport’s […]

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Development: Festival Mall, Festac – Lagos

Name: Festival Mall Location: Festac, Beside the Golden Tulip Hotel: Developer: UPDC Anchor Tenant: Shoprite and Silverbird Cinemas Size: 11,000sq.m Completion Date: Mid 2015 Festival Mall is the retail component of UPDC’s mixed use development in the heart of Festac. It includes the existing Golden Tulip Hotel, 150 1 & 2 bed apartments at the proposed […]

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