The quest to build the largest and most profitable mall is still on in Nigeria and Lagos in particular. Royal Gardens Mall is one of the major shopping malls that will compete amongst other malls in Lagos by RMB Westport, a subsidiary of RMB.
RMB Westport and Trojan Estates have pulled resources together to build the Royal Gardens Mall. The mall is situated in Ajah, by Royal Gardens Estate opposite the Lekki-Epe expressway.
According to the mall owners, the mall will cost about USD170 million and will at least cover about 64,000 square meters with about 30,000 square meters letting space when completed.
In its statement on the project, RMB Westport said it is determined to perfect Royal Garden Estate’s initial masterplan as an up-market housing development, and also to ensure that residents enjoy the benefits of living, working and playing in a secure environment, Trojan Estates Limited and RMB Westport have concluded plans to deliver a $170-million ultra-modern shopping mall just beside the estate.
Royal Gardens Mall will also be competing closely with Novare Lekki Mall. The mall is owned by Novare Equity Partners. The Lekki axis of Lagos now has the highest cluster of large and medium-sized shopping malls.
RMB Westport also owns Circle Mall, Lekki, located at Jakande Roundabout on approximately 32 000m2 of land. The company said Circle Mall’s dedicated business centre is adjacent to the retail sector and is comprised of 3 700m2 of A-grade office space. With 72 parking bays, elegant, professional design and international quality business essentials, business will run smoothly from the newly developed commercial space.
In total, there are at least 7 major shopping malls that are calling for attention of shoppers in Lekki. It will be interesting to see how Royal Gardens Mall will compete with its peers by 2017 when it finally opens for business.