Monday 6 June 2016

Private Company builds New $68m Shopping Mall for Abuja

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Construction has began in Nigeria's capital city of Abuja on a new $68 million shopping centre, Novare Gateway Mall, scheduled to open during the third quarter of 2017.
Developed by Novare Real Estate Africa, the total size of the mall will be approximately 25 000m2. The development will be phased with an initial stage of 15 278m2.
The total cost for the first phase is forecast to be $68 million.
Speaking at the ground-breaking ceremony held recently, the Nigerian Minister of Federal Capital Territory (FCT) said his administration would give all the support needed to make projects like Novare Gateway successful as they serve citizens, create employment and generate multiplier economic activities.
He also commended Novare Gateway for partnering with the Abuja Chamber of Commerce in executing the project by leveraging on local expertise, local information and local content.
Commenting on the project, Jan van Zyl, head of property development in Nigeria for Novare Real Estate Africa, “its modern infrastructure and facilities, mean that the shopping centre is perfectly situated to meet the needs of the growing Abuja community.

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