Development: Victoria Mall Plaza 3, Victoria Island – Lagos – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel

Development: Victoria Mall Plaza 3, Victoria Island – Lagos

Development: Victoria Mall Plaza 3, Victoria Island - Lagos. Image Source: UPDC

Development: Victoria Mall Plaza 3, Victoria Island - Lagos. Image Source: UPDC

  • Name: Victoria Mall Plaza 3;
  • Location: Bishop Aboyade Cole Street, Victoria Island – Lagos;
  • Use: Mixed-Use:
    • Car Park – 519 bays;
    • Shopping Centre: 5,788m2;
    • Office: 5,476m2;
    • Event Centre: 1,587m2;
  • Developer: UPDC;
  • Land Area: 7,796m2;
  • Structural Engineers: IAA Associates;
  • Contractors: UICL Construction;
  • Construction Commenced: Q1:2016

Victoria Mall Plaza (VMP) is a four-phase mixed use development on Bishop Aboyade Cole Street in Victoria Island, Lagos by UAC Property Development Company (UPDC), a major ingenuous player in commercial real estate space in Nigeria. In 2009, UPDC began with Phase 1 of VMP, which was a residential development that was completed in 2010. The tower was occupied by Mobil for a few years, however they relocated in 2015. Phase 2, which is an office development, now anchored by KPMG, was completed the year after.

Victoria Mall Plaza 1 and Victoria Mall Plaza 2. Image Source: updcplc.com

Victoria Mall Plaza 1 and Victoria Mall Plaza 2. Image Source: updcplc.com

Phase 3 of VMP is large, and it includes a retail and office elements as well as a car park and an event centre. The 519 bay car park and 1,587mevent centre will be built first and piling works for this started earlier this year, while the retail section and offices will follow afterwards. The retail element of phase 3 will offer flexible retail shops and a food court while the offices will be a modern 15 floor office block.

Development: Victoria Mall Plaza 3, Victoria Island - Lagos. Image Source: UPDC

Development: Victoria Mall Plaza 3, Victoria Island – Lagos. Image Source: UPDC

Development: Victoria Mall Plaza 3, Victoria Island - Lagos. Image Source: UPDC

Development: Victoria Mall Plaza 3, Victoria Island – Lagos. Image Source: UPDC

Development: Victoria Mall Plaza 3, Victoria Island - Lagos. Image Source: UPDC

Development: Victoria Mall Plaza 3, Victoria Island – Lagos. Image Source: UPDC

Development: Victoria Mall Plaza 3, Victoria Island - Lagos.

Development: Victoria Mall Plaza 3, Victoria Island – Lagos.

Development: Victoria Mall Plaza 3, Victoria Island - Lagos. Image Source: UPDC

Development: Victoria Mall Plaza 3, Victoria Island – Lagos. Image Source: UPDC

Correction: ATO Architects are not a part of this project.