Construction upbeat, 300sqm anchor tenant space ready at Asaba Mall
Pursuant to its December delivery deadline, construction work on Asaba Mall in Delta State has progressed significantly with the 3000 square metre space allocated to the anchor tenant ready for occupation and for business. Shoprite, the South African retail chain, is the mall’s anchor tenant.
Various aspects of the project have also advanced to the finishing stages and these include the aluminum doors, glass partitioning, bulk head, POP ceiling and other parts of the exquisite mall.The air-conditioning system has been fully installed and ready for use.
“Generally, I would say that the extent of work at Asaba Mall has progressed to 90 percent completion rate since my last report at the Tenants’ Forum in Lagos about a month ago”, said Aimhanesi Oribih, the mall’s Centre Manager, in a statement obtained at the weekend.
This, he added, underscores the preparedness of the owners and promoters of the project to hand over the fully completed mall before or by the scheduled November ending deadline.
The mall, located strategically at the very popular Interbau Roundabout where Summit and Okpanam Roads intersect, just by the flyover in Asaba, the Delta State capital, is being undertaken by Resilient Africa Property Limited in conjunction with Delta State government and Bayol Development Company Limited.
It comprises 39 shops of various sizes, covers a gross built up area of approximately 9,500 square metres of which approximately 7,500 square metres is the lettable space. The mall sits on a land area measuring 50,000 square metres.
It offers an initial two-year lease term within which rents can be paid conveniently on quarterly basis to ease cash flow for the retailers. It is generally targeted at retailers who operate locally, nationally and internationally and trade on a wide range of goods and services such as boutiques, entertainment, furniture, household goods, fashion, IT and electronics among others. Upon completion and commissioning, the mall will be handed over to Broll Nigeria for day-to-day management.
Formwork Nigeria limited is the main contractor on the project and the professional team comprises reputable companies which include WSP for mechanical and electrical engineering, Pro-M for air conditioning and mechanical services and Profica as project manager. NWS Nigeria Limited are the project quantity surveyors and LYT Nigeria Limited the Architects. Broll Property Services and Bullnet Brokers are the joint leasing agents.
Asaba Mall is conceived and planned to be finished in all facets from the floor to the roof to international standard which the developer is known for globally. Similarly, the range of facilities is exclusive and state-of-the-art.