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

Court grants Fani-Kayode N50m bail

Fani-kayode sandwiched by EFCC officials Justice James Tsoho of the Federal High Court Abuja on Thursday granted a N50m bail to former spokesman of the Goodluck Jonathan Campaign Organisation, Chief Femi Fani-Kayode. Fani-Kayode was arraigned by the Economic and Financial Crimes Commission (EFCC) on a five-count charge of money laundering to the tune of N26m. Fani-Kayode is the sole defendant in the fresh charges numbered, FHC/ABJ/CR/140/2016. The EFCC accused the defendant of diverting 26 million Naira allegedly received from the ONSA while Sambo Dasuki was in office. The anti-graft agency also accused him of handling the said N26 million without going through financial institution as required under the Money Laundering Act. The embattled former minister is already facing 17-count charge of money laundering before the Lagos Division of the court, along with a former Finance Minister; Nenadi Usman, Danjuma Yusuf and a firm; Joint Trust Dimension Nigeria Limited. They were charg...
Post a Comment
Read more

Pope not involved in Colombian peace deal- Vatican

Pope Francis Pope Francis has turned down a request to play a role in the peace deal between the Colombian government and the Revolutionary Armed Forces of Colombia (FARC) rebel group. The Vatican in a statement issued on Wednesday in in Vatican City said that an invitation was sent to his Holiness in early August to appoint a representative to participate in the committee that selected the judges for the talks. The statement said that though Pope Francis supported the peace process, he, however, reiterated that he would not get involved in Colombian peace deal. It said that Pope was praying for the enlightenment of the hearts and minds of those who were called to promote the common good of the Colombian nation. A deal was announced last week, putting an end to five decades of internal conflict between government forces and the FARC rebels. The agreement, which needed to be ratified through a referendum in Oct. 2, would entail setting up a special court to grant amnesties or pu...
Post a Comment
Read more

Fall of Assad is a Blow to Russia's Prestige

The potential fall of Syrian President Bashar al-Assad, a long-standing ally of Russia, would mark a turning point in Moscow’s global influence, particularly in the Middle East. Steve Rosenberg’s analysis underscores the profound implications for Russia, which has invested heavily—both militarily and politically—in ensuring Assad’s survival over the past decade. This article delves into why Assad’s downfall would strike at the core of Russian prestige and what it could mean for the broader geopolitical landscape. Russia's Strategic Commitment to Syria Since the outbreak of the Syrian civil war in 2011, Russia has been a staunch supporter of Assad's regime. In 2015, Moscow launched a military intervention that proved decisive in stabilizing Assad’s hold on power. This intervention solidified Russia's role as a key power broker in the Middle East and demonstrated its willingness to project military power far beyond its borders. Syria is not just an ally for Russia; it is a...
Post a Comment
Read more