Skip to main content

N13bn Alade Mall to be completed in 2018

Alade mall

The concessionaire of the Alade Mall in Ikeja area of Lagos State, Master Reality International Concept Limited, on Sunday said the proposed mall would cost N13 billion and would be completed in December 2018.

Mr Lai Omotola, the Group Managing Director of the company, who addressed newsmen on the Alade redevelopment project, said 114 indigenous and foreign brands had shown commitment to taking spaces in the mall.

The structure of the old Alade market was in July dismantled following government’s approval.

Its entire land area was fenced off, finally giving way for the construction of the proposed shopping mall.

Omotola said that the former occupiers had been relocated, adding that the essence of the relocation was to pave way for a modern structure that would meet the mega city status of the state.

Upon completion, he said the mall would be the first 24-hour live, work, shop, eat and entertain smart mall in Nigeria and West Africa.

He said that the layout plan included two level basement parking lots for at least 700 cars, a ground floor and three floors.

Omotola said the mall would have 214 shop spaces, a metro hotel, cinema, walk in clinic, an aquarium occupying two levels of floors, restaurants, game shops, offices and common areas of entertainment.

“We have consciously taken our time not just to build a mall but to build a signature edifice that everybody from far and wide will want to come and do a little bit of tourism.

“ It is our hope and aspiration that come December 2018, we will have unprecedented shoppers witnessing the opening of the Alade Mall,” Omotola said.

He said that discussions were ongoing with the state’s Ministry of Physical Planning to perfect traffic arrangement in that area, considering the traffic the impact of the mall would generate.

“If you look at our plan, we deliberately shifted the mall backward to create a service lane for the people coming into the mall and then we have three exits for people to come out, ” he said.

Labels:

Comments

Post a Comment

Popular posts from this blog

Houthis Claim Attack on Central Israel in Response to Gaza ‘Massacres’

The ongoing conflict between Israel and Hamas has taken a concerning regional turn as the Houthi rebels in Yemen claimed responsibility for an attack on central Israel. The group announced this as part of their escalating response to what they describe as "massacres" in Gaza amid the Israeli military’s operations in the strip. Details of the Attack The Houthis, a Shiite militant group with ties to Iran, declared that they launched missile and drone strikes targeting Israel. While the exact impact of these attacks remains unclear, reports suggest that Israel’s defense systems intercepted several threats over its airspace. This marks a significant escalation as the Houthis widen their involvement in the conflict beyond their typical operations within Yemen and neighboring Saudi Arabia. The Houthis’ Justification In their statement, the Houthis framed the attack as retaliation for Israel’s military actions in Gaza, which they characterized as indiscriminate bombings resultin...
Post a Comment
Read more

Fire: UniJos Senate convenes emergency meeting on Monday

Fire at the University of Jos Library University of Jos is to convene an emergency senate meeting on Monday to review the level of damage done to the institution by the Saturday night inferno. The Vice Chancellor, Prof. Sebastian Maimako, disclosed this on Sunday after inspecting areas affected by the incident. The fire, which lasted for more than six hours, destroyed the Library Complex that equally houses the faculties of management and social sciences. The fire also destroyed examination scripts, books and very crucial materials. Consequently, the vice-chancellor said “the Senate will meet tomorrow (Monday) to take a decision about the unmarked examination scripts that were burnt.” On the cause of the inferno, Maimako said investigation had commenced, adding that “nothing has been confirmed yet. We are still investigating.” The vice chancellor said the school was already working with federal authorities toward establishing a main fire station since the mini fire station in t...
Post a Comment
Read more

UK gets new prime minister Wednesday

Britain Home Secretary Theresa May to be officially unveiled as UK’s new Prime Minister on Wednesday David Cameron is to step down as Prime Minister on Wednesday after Prime Minister’s Questions. Theresa May will succeed him. An eurozone’s top official says it’s important that Britain’s next prime minister gets on with sorting out the implications of Britain’s decision to leave the European Union as soon as possible, reports Associated Press. Speaking after it became apparent that Theresa May could replace David Cameron as soon as this week, Jeroen Dijsselbloem said the next British prime minister will have to “find solutions for the Brexit which has been causing a lot of problems particularly for the U.K., but also for Europe.” He said that the “sooner we can sort out this problematic situation the better.” Dijsselbloem spoke ahead of a meeting of the eurozone’s 19 finance ministers in Brussels. Though Britain’s decision to leave the EU isn’t a primary topic of discussion, the ...
Post a Comment
Read more