Fresh facts have emerged that the exquisite Asaba Mall, Delta State will cost $45 million at the end of the project, even as the anchor shop measuring 3,000 square metres taken by Shoprite has been completed and ready for occupation.
In addition, various aspects of the project have also advanced to the finishing stages in respect of the aluminum doors, glass partitioning, bulkhead, POP ceiling and other parts of the exquisite mall. A statement released by the Centre Manager, Mr. Aimhanesi Oribih, indicated that 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 per cent completion rate since my last report at the Tenants’ Forum in Lagos about a month ago”.
The situational report, therefore, 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.
Resilient Africa Property Limited is undertaking the project in conjunction with Delta State Government and Bayol Development Company Limited. It is located strategically at the very popular Interbau Roundabout where Summit and Okpanam Roads intersect, just by the flyover in Asaba, Delta State Capital.The development which 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 which is the third in the country under the brand, preceded by Delta Mall in Warri and Owerri Mall, covers a land area of 50,000 square metres.
Asaba Mall, which is slated for delivery in December this year, is proposed for initial lease term of two years rental which can be conveniently paid quarterly to ease cash flow for the retailers. It is generally targeted at retailers who operate locally, nationally and international 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.
The project commenced earlier on June 1, 2015 with the ground breaking ceremony and scheduled for 18 months’ duration. Some other cities in the country have been slated for the location of Malls namely Port Harcourt, Benin, Uyo and Abeokuta.
Formwork Nigeria limited is the main contractor and the professional team comprises a list of reputable companies which include WSP for mechanical and electrical engineering, Pro-M for air conditioning and mechanical services and Profica as project manager. Messrs 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 for which the bespoke commercial brand is well known for globally. Similarly, the range of facilities is exclusive and state of the art.