IBADAN Mall|Ibadan - Nigeria|Proposed


http://www.genesisdeluxecinemas.com/img/ibadan.png


NAME: Ibadan Mall
LOCATION: Ibadan - Nigeria
STATUS: Proposed
USE: Shopping Complex
CONSTRUCTION TIME: 2009-2011

is Nigeria having a mall boom?

I'm liking all of these new mall proposals, it's a sign of just how fast Nigeria's middle class is growing. :)

Where is the infrastructure to support these malls?? Where is the electricity???? For instance the standard in the Palms Shopping Mall is gradually getting worse cos of the gens that sometimes can't effectively service the mall!!!!
We should forget about these malls and concentrate on reall needed infracstructures such as modern roads, rails, power stations, hospitals, etc

Where is the infrastructure to support these malls?? Where is the electricity???? For instance the standard in the Palms Shopping Mall is gradually getting worse cos of the gens that sometimes can't effectively service the mall!!!!
We should forget about these malls and concentrate on reall needed infracstructures such as modern roads, rails, power stations, hospitals, etc
Why can't we do both? Malls are generally private developments while infrastructure is generally public projects.

The basic infrastructure can be left to the government.If the private sector want to get involved it better still. I don't even like a situation where government meddles in private businesses.

very nice and decent size

Nigeria needs at least 100 of these malls scattered throughout the country.

very nice and decent size

Nigeria needs at least 100 of these malls scattered throughout the country.

LOL. And who is going to shop in them? What percentage of the population would be able to afford to shop in them? Considering that Malls should be a private sector initiative it makes more sense that it should be driven by demand and not just building a lot of malls so we look "developed". LOL, one just has to laugh. I am more interested in developments that will affect the people on the street, things like good infrastructure, hospitals, schools, University infrastructure, libraries, roads and yes projects that will generate employment and attract investment like Eko Atlantic, etc. Such things are priority and there is a huge demand for such. There is demand for malls but not everywhere when considering the scale you talk about. Definately no where close to a hundred. The country needs meaningful development and not one driven by angst to make us look "developed" or "look like new york". Again, one just has to laugh.

^^ Nigeria's population is climbing population is now 6th-8th in the world, the market is actually there. Number of African millionaires in the rise.

Take a look at the Palms Shopping mall for instance, all the photos always show a full house.

LOL. And who is going to shop in them? What percentage of the population would be able to afford to shop in them? Considering that Malls should be a private sector initiative it makes more sense that it should be driven by demand and not just building a lot of malls so we look "developed". LOL, one just has to laugh. I am more interested in developments that will affect the people on the street, things like good infrastructure, hospitals, schools, University infrastructure, libraries, roads and yes projects that will generate employment and attract investment like Eko Atlantic, etc. Such things are priority and there is a huge demand for such. There is demand for malls but not everywhere when considering the scale you talk about. Definately no where close to a hundred. The country needs meaningful development and not one driven by angst to make us look "developed" or "look like new york". Again, one just has to laugh.
Are both malls and hospitals (or schools) mutually exclusive?!

As you already alluded to, malls are actually built by the private sector (and all the malls that I can think of in Nigeria or Lagos have been developed by the private sector -- Palms, Silverbird, City Mall, Victoria Mall, Mega Plaza, Ceddi Plaza, etc), while physical and social infrastructure (roads, electricity, schools, hospitals, libraries, etc) is primarily the province of the public sector (government), so one fails to see how the development of such schools, hospitals and libraries by the govt would be hampered by the private development of even 1000 malls -- of which whether the demand actually exists to justify such development is an investment risk that should be solely the preserve of its private developers.

Furthermore, who says that the development of shopping malls does not "generate employment and attract investment"? Not only do these developments create hundreds and/or thousands of direct jobs (and even more indirect jobs) for a plethora of Nigerians, ranging from such professionals as architects, engineers, lawyers, financiers, surveyors, builders, etc. to managers, retailers, suppliers, artisans, construction workers, security and maintenance personnel, etc, and actually attract some foreign investment (such as the entry of Shoprite, the Game, Nu Metro, etc), but the individual and corporate TAX base and revenue generated by such developments can actually contribute towards building schools, hospitals, etc.

^^ Nigeria's population is climbing population is now 6th-8th in the world, the market is actually there. Number of African millionaires in the rise.

Take a look at the Palms Shopping mall for instance, all the photos always show a full house.

the mall is always full because theres hardly in malls in nigeria :lol:

is Nigeria having a mall boom?

same as kenya, nairobi alone has more than13 and 5 more are joining this year, eventually they will kill the retail industry like small shops in the streets:ohno:

the mall is always full because theres hardly in malls in nigeria :lol:That should be a good reason why more malls need to be constructed in the city. The traditional open markets places atre being faced out and I think there's need for the construction of malls to meet demands.

Tbite answered your question! Exactly my viewpoint.

Jakarta has 40 mega malls (!!) and look at the wonderful architecture and the material they used, Jakarta malls make US or European malls look "cheap" and "boring", in comparison.

And there are many more malls scattered throughout Indonesia

Then you get countries like Thailand, Malaysia, Singapore...full of amazing shopping facilities that make it an event! ...that how you create mass consumer markets....people get jobs and go shopping! Event shopping or "shopentetainment" is a good concept.

If Indonesia can do it, Nigeria should be able to do it as well!

Are both malls and hospitals (or schools) mutually exclusive?!

As you already alluded to, malls are actually built by the private sector (and all the malls that I can think of in Nigeria or Lagos have been developed by the private sector -- Palms, Silverbird, City Mall, Victoria Mall, Mega Plaza, Ceddi Plaza, etc), while physical and social infrastructure (roads, electricity, schools, hospitals, libraries, etc) is primarily the province of the public sector (government), so one fails to see how the development of such schools, hospitals and libraries by the govt would be hampered by the private development of even 1000 malls -- of which whether the demand actually exists to justify such development is an investment risk that should be solely the preserve of its private developers.

Furthermore, who says that the development of shopping malls does not "generate employment and attract investment"? Not only do these developments create hundreds and/or thousands of direct jobs (and even more indirect jobs) for a plethora of Nigerians, ranging from such professionals as architects, engineers, lawyers, financiers, surveyors, builders, etc. to managers, retailers, suppliers, artisans, construction workers, security and maintenance personnel, etc, and actually attract some foreign investment (such as the entry of Shoprite, the Game, Nu Metro, etc), but the individual and corporate TAX base and revenue generated by such developments can actually contribute towards building schools, hospitals, etc.

Yes, Malls are and should be a reserve of the private sector. No need to go off point, of course they generate jobs, etc, however they also need to be profitable meaning people need to shop in them, so what are you talking about? If people can't afford to shop in malls then how can they be sustained and where does your arguement then stand? I just get the feeling you replied for the sake of it because I did not claim anywhere in my posts that malls don't bring in foreign investments or create jobs or revenue for the government through taxes so there is really no need to state the obvious.

I was simply stating what I guess isn't the obvious when considering this reply of yours, which is that supply should meet demand. Nigeria has a pretty much dead tourist industry, the middle class while growing isn't significant enough to sustain the number of malls @Matt proposed so who is going to keep it open. I was simply pointing out that it is quite childish (in my opinion by the way) for someone to throw statements like 'Nigeria needs at least 100 of these malls' in what seems to be a developing pattern by the poster in question of making such comments without considering the implications and reasoning behind such developments apart from what seems to be 'so we can look like new york' or so we can have valid comparisons of 'mine is bigger than yours or just as good' reasonings. This is an issue I have raised before questioning what people on here actually see as "development".

If you do not fully comprehend a post just ask for clarity, there is no shame in such, it shows maturity and character. I already have a feeling I know where this thread is heading to with any reply of yours so don't bother or take offence if I do not reply. Have a nice day :)

Yes, Malls are and should be a reserve of the private sector. No need to go off point, of course they generate jobs, etc, however they also need to be profitable meaning people need to shop in them, so what are you talking about? If people can't afford to shop in malls then how can they be sustained and where does your arguement then stand? I just get the feeling you replied for the sake of it because I did not claim anywhere in my posts that malls don't bring in foreign investments or create jobs or revenue for the government through taxes so there is really no need to state the obvious.
Is it your money? :bash:

Dude, let those PRIVATE investors make their own judgment and put their own funds at risk. If they believe there is demand for 10,000 malls, it's their burden to bear. Which one concern you?!

LOL. And who is going to shop in them? What percentage of the population would be able to afford to shop in them? Considering that Malls should be a private sector initiative it makes more sense that it should be driven by demand and not just building a lot of malls so we look "developed". LOL, one just has to laugh. I am more interested in developments that will affect the people on the street, things like good infrastructure, hospitals, schools, University infrastructure, libraries, roads and yes projects that will generate employment and attract investment like Eko Atlantic, etc. Such things are priority and there is a huge demand for such. There is demand for malls but not everywhere when considering the scale you talk about. Definately no where close to a hundred. The country needs meaningful development and not one driven by angst to make us look "developed" or "look like new york". Again, one just has to laugh.
And btw, if you do not fully comprehend what you yourself wrote (maybe you just plagiarized it from someplace else), just ask for clarity, there is no shame in such, it shows maturity and character. :lol::lol::lol:

Is it your money? :bash:

Dude, let those PRIVATE investors make their own judgment and put their own funds at risk. If they believe there is demand for 10,000 malls, it's their burden to bear. Which one concern you?!

Why not point out where I said investors should not build the Ibadan mall? Go ahead please, make my day. Again, just blind postings, LOL. Read first please, then post. What I was querying was @Matt taking it upon himself to demand how many malls Nigeria needs without any thing approaching substance to back up such claims in what has been a developing pattern as I stated in my last posts. Thankfully private investors don't invest cash based on such reasonings as the ones I earlier berrated. Again, read, understand, if you do not, ask for clarity, no need to give yourself a headache with all that uneccessary head bashing. I expected better from you.

And btw, if you do not fully comprehend what you yourself wrote (maybe you just plagiarized it from someplace else), just ask for clarity, there is no shame in such, it shows maturity and character. :lol::lol::lol:

Congratulations, you can spot mistakes in posts. You can argue it was a mistake in the order of what comes before what, etc. Projects like eko atlantic would not need the purchasing power of Nigerians to stay afloat and I can't believe you would actually allude to such as a valid comparison. I just feel I am now justified in just ignoring you if you believe highlightng such deserved a whole post of its own. Have a nice day. :)

Congratulations, you can spot mistakes in posts. You can argue it was a mistake in the order of what comes before what, etc. Projects like eko atlantic would not need the purchasing power of Nigerians to stay afloat and I can't believe you would actually allude to such as a valid comparison. I just feel I am now justified in just ignoring you if you believe highlightng such deserved a whole post of its own. Have a nice day. :)
:lol::lol::lol::lol::lol:

Not only do you not seem to comprehend your own (plagiarized?) posts, but you now seem desperate to enter the realm of the ridiculous. If Eko Atlantic would not depend on the purchasing power of Nigerians to be economically viable, why are the promoters already selling plots to those same Nigerians? And exactly who would be renting those office towers and commercial properties or the residential apartments? who would be using the marina there or shopping in the shops and eating at the restaurants or staying at the hotels at Eko Atlantic? Folks from Mars?!

:lol::lol::lol::lol::lol:

Not only do you not seem to comprehend your own (plagiarized?) posts, but you now seem desperate to enter the realm of the ridiculous. If Eko Atlantic would not depend on the purchasing power of Nigerians to be economically viable, why are the promoters already selling plots to those same Nigerians? And exactly who would be renting those office towers and commercial properties or the residential apartments? who would be using the marina there or shopping in the shops and eating at the restaurants or staying at the hotels at Eko Atlantic? Folks from Mars?!

I am able to reason for myself so no, post wasn't plagiarised. Valid point raised and to a certain extent you are right, a significant portion of the Eko Atlantic Project would be supported by Nigerians. However, Nigerians in this case refers mostly to Nigerian businesses as opposed to say, someone (an individual) walking into a mall to make a purchase and by so doing sustaining the business in its own way. Hence why I used the term "purchasing power of Nigerians" which should obviously relate to GDP as opposed to the wealth of a few.

Why don't we compare projects like the Eko Atlantic with a project like a mall? Firstly, Eko Atlantic like a quite a few notable projects (rail project, Lekki, corridor, etc) proposed by the lagos state government depends on businessmen/businesses and foreign investment not just to build, but to also sustain, which is why the rail project is taking a while. Afterall we aren't talking of a housing estate, are we? Businesses are going to rent the office spaces, businesses are going to buy the plots of land to develop into restaurants, bars, etc. Yes some Nigerians would buy up property in Eko Atlantic however as I am sure you won't argue, a very small portion of Nigerians would actually be able to afford to make such purchases or pay such rents, hence Eko atlantic project will be sustained by Nigerian businesses/businessmen, foreign investors and the comparatively little Nigerian middle class available. Now do you think 1000 Eko atlantic projects or say even 100 Eko atalantic projects, with no foreign investment (which in the case of malls would be equivalent to tourists) will be sustainable?

At the end of the day all I have really said is the demand isn't there for the number of "mega malls" proposed by @Matt and unless better arguement based with solid reasoning can be presented to alter such a view, what are you then arguing about if it isn't just arguement for the sake of it? Why don't you address the points raised? Like a growing list ofencounters with you, this was another exercise in futility. LOL.

Moonblue,

Surabaya, Indonesia´s thrid laregst city, has 23 malls , some u/C!

Demand for malls in Naija is huuugee, too! Nigerians also want organized retail shopping and not only markets with countless flies where you can buy papaya next to open sewage!


it is ridiculous for an opec country that people have to fly to London, SA or Dubai to go shopping! All these tens or hundreds of thousands of jobs can be created at home!

I think Moon blue does not understand why people build malls. He has an idea that malls are for the rich. I have seen most of the proposals for malls in Nigeria and most LDc countries. The idea is to put the open markets out of business or to keep investment going outside teh country.

Kenya's own ideology, I am more informed about. Kentya is building five malls in the Eastlands. Why? (Note: The Eastlands is not a high-income area.) The companies calculated how much the residents spend on FMCG (Fast moving Consumer Goods) per year in the open markets and decided to build malls to take away some of the market share.

Don't go to the open market. Come to the mall. And they will use economies of scale to undercut the open markets. Now, back to Nigeria. You do know that grocery shopping at Shoprite the Palms is cheaper than the open markets. Bread is cheaper than at the market. Fruits, Meat etc. All locally produced goods are cheaper because Shoprite can afford to buy in bulk and buy directly friom the wholesaler ie the farmers. They have their own trucks for transportation.

The market trader does are has to go through two to three traders per year.

Now thing of Alaba market, Balogun market and all the business they do. What is a market but a mall? Don't people shop there? You are thinking too much of the Tiffany Ambers and other fashion designers? The average store in the Palms is cheaper for new products? If you want second hand products, then the market is your best bet?

But there are rich people malls and low income malls, in all countries? It all depends on the product mix of the mall? Last of all, how soon before those importers of goods who sell to Balogun Market, Onitsha market or Alaba market figure out they can bypass the market and open a store or a chain of stores to sell clothes, or electronics cheaper than at the markets.

Malls will survive because essentially, they are cheaper.

I am able to reason for myself so no, post wasn't plagiarised. Valid point raised and to a certain extent you are right, a significant portion of the Eko Atlantic Project would be supported by Nigerians. However, Nigerians in this case refers mostly to Nigerian businesses as opposed to say, someone (an individual) walking into a mall to make a purchase and by so doing sustaining the business in its own way. Hence why I used the term "purchasing power of Nigerians" which should obviously relate to GDP as opposed to the wealth of a few.

Why don't we compare projects like the Eko Atlantic with a project like a mall? Firstly, Eko Atlantic like a quite a few notable projects (rail project, Lekki, corridor, etc) proposed by the lagos state government depends on businessmen/businesses and foreign investment not just to build, but to also sustain, which is why the rail project is taking a while. Afterall we aren't talking of a housing estate, are we? Businesses are going to rent the office spaces, businesses are going to buy the plots of land to develop into restaurants, bars, etc. Yes some Nigerians would buy up property in Eko Atlantic however as I am sure you won't argue, a very small portion of Nigerians would actually be able to afford to make such purchases or pay such rents, hence Eko atlantic project will be sustained by Nigerian businesses/businessmen, foreign investors and the comparatively little Nigerian middle class available. Now do you think 1000 Eko atlantic projects or say even 100 Eko atalantic projects, with no foreign investment (which in the case of malls would be equivalent to tourists) will be sustainable?

At the end of the day all I have really said is the demand isn't there for the number of "mega malls" proposed by @Matt and unless better arguement based with solid reasoning can be presented to alter such a view, what are you then arguing about if it isn't just arguement for the sake of it? Why don't you address the points raised? Like a growing list ofencounters with you, this was another exercise in futility. LOL.
And in your mind, Nigerian businesses and foreign investment are independent of the so-called "purchasing power of Nigerians"? Leaves one to wonder who then purchases the services of foreign investors (such as MTN) or of Nigerian businesses (such as Glo)? Folks from the MOON, perhaps? Talk about an exercise in futility. :ohno:

I think Moon blue does not understand why people build malls. He has an idea that malls are for the rich. I have seen most of the proposals for malls in Nigeria and most LDc countries. The idea is to put the open markets out of business or to keep investment going outside teh country.

Kenya's own ideology, I am more informed about. Kentya is building five malls in the Eastlands. Why? (Note: The Eastlands is not a high-income area.) The companies calculated how much the residents spend on FMCG (Fast moving Consumer Goods) per year in the open markets and decided to build malls to take away some of the market share.

Don't go to the open market. Come to the mall. And they will use economies of scale to undercut the open markets. Now, back to Nigeria. You do know that grocery shopping at Shoprite the Palms is cheaper than the open markets. Bread is cheaper than at the market. Fruits, Meat etc. All locally produced goods are cheaper because Shoprite can afford to buy in bulk and buy directly friom the wholesaler ie the farmers. They have their own trucks for transportation.

The market trader does are has to go through two to three traders per year.

Now thing of Alaba market, Balogun market and all the business they do. What is a market but a mall? Don't people shop there? You are thinking too much of the Tiffany Ambers and other fashion designers? The average store in the Palms is cheaper for new products? If you want second hand products, then the market is your best bet?

But there are rich people malls and low income malls, in all countries? It all depends on the product mix of the mall? Last of all, how soon before those importers of goods who sell to Balogun Market, Onitsha market or Alaba market figure out they can bypass the market and open a store or a chain of stores to sell clothes, or electronics cheaper than at the markets.

Malls will survive because essentially, they are cheaper.

I understand that malls don't have to be for the super rich and I have been to a lot of them. Do not read what I am not typing, there is a huge demand for malls in Nigeria, moreso, a demand for high quality malls as @Matt alludes to but not at the scale @Matt proposes. @Yemio, Alaba market is different from what @Matt was proposing and referring to so let us not pretend it is. If we count Onitsha market as a "mall" (which it isn't) then fine, no problem, such can survive on just domestic support, but Matt was referring to malls of huge scales and apparently the country needs about 1000 of them. LOL. Funny, You raise good points and even make a good arguement but it is irrelevant because we both know @Matt wasn't referring to alaba market as his posts will testify to, s let us not pretend he was. As for your last statement, while it is based on solid reasoning, I just have to ask if you are familar with all the overhead costs that would have to factor in with doing business in Nigeria? Take a place like lagos for example, the ridiculously high rents, the fuel for generators, etc, if the mall isn't well patronised and you have to pay for the priviledge of being in a mall, the business will quite quickly go bust.

@Matt, forget the fact that Indonesia has a relatively booming tourism sector, why not tell us the actual number of malls in Indonesia, the GDP, the the significance the tourist sector plays with regards to driving certain industries? You have to admit that the statement you made was not well thought out and for a Nigerian you sounded totally uninformed or just in denial about certain factors. Let us be a bit more honest and not just try to front for others who come to our section :)

@JoblessBegger, relate what I meant by purchasing power to GDP, so if we have one thousand malls, are they going to be kept afloat by "companies" that shop in them? So these 1000 and so malls that would contain shops that neeed to turn a profit after paying for rent, electricity most likely from generator which would need to factor in fuel costs, and other major overheads that comes with doing business in Nigeria, etc, you think these shops would be able to survive on being patronised by "businesses" and non existent tourists? Malls are not warehouses that provide goods in bulk to "businesses", they need to be patronised by the "general public". Do you know how much MTN spends on fuel for generators to keep their business running? Some countries can support malls up to such a scale because of higher GDP which means most ordinary citizens can stroll in and afford to have a "mall habit" which means they go there and spend, then of course the mall also gets quite well patronised by tourists. This isn't rocket science so why are you trying to make it seem so? Gosh.

If I would like to comment on this issue my comment would be that the Nigerians involvement with the proliferation of malls in lagos is the utmost importance. They should know the disparity in that area well than any other people or investors because the country is theirs. The idea that malls are meant for the rich is out of the question of having them in the nooks and crannies of the city. And, there's never been anyway in the world a certain mall or malls are only for the rich. There pins,buttons,cheap products sold in the mall. So, thinking otherwise that the malls in Lagos city is only going to be for the rich is totally absurd and should be out of the question.

If I would like to comment on this issue my comment would be that the Nigerians involvement with the proliferation of malls in lagos is the utmost importance. They should know the disparity in that area well than any other people or investors because the country is theirs. The idea that malls are meant for the rich is out of the question of having them in the nooks and crannies of the city. And, there's never been anyway in the world a certain mall or malls are only for the rich. There pins,buttons,cheap products sold in the mall. So, thinking otherwise that the malls in Lagos city is only going to be for the rich is totally absurd and should be out of the question.

No arguement from me here, malls should be for everyone but you seem to be failing to realise the country we speak of, I am only highlighting something we should all know. Lagos came up among the top ten list of most expensive cities in the world and people saw it as a thing of pride however when you compare the GDP of the state with the expenses it is clear how ridiculously absurd such a status is, how are ordinary people supposed to survive?

I spoke to some friends who were using the new cinema complex in Port Harcourt, when asking the cost of a cinema ticket they told me it was around 1000 Naira and I thought that was ridiculously expensive for Nigeria. Someone could blindly argue and observe that cinema tickets in places like England would be more expensive than 1000naira when converted, but then again, compare with GDP and what people can generally afford and you begin to see that it becomes less inclusive and less affordable for everyone.

Though a part of the costs are understandable when you factor in things like fueling generators due to the eppileptic power supply and other such factors that have to be considered when speaking of Nigeria (e.g. security), another part of it is just simply because of perceptions of such facilities as being an exclusive thing.

im with moonbue on this arguement theres no way that nigeria at this time could handle 1000 or even 100 malls imo.

I disagree! I think if they qre constructed people will use them .I read the middle-class Nigerians are growing and it is a good factor for the increase in the construction of thousand malls in the country.

if a thousand malls were made and they were equally distributed around nigeria. that would having given each state about 30 malls. do you really think Bayelsa, Gombe Kebbi, and Niger state can handle 30 malls.

Lagos can sustain close 200 malls or more.

im with moonbue on this arguement theres no way that nigeria at this time could handle 1000 or even 100 malls imo.
Actually, the number is IRRELEVANT (which was why I even threw in 10,000 malls in my discussion).

The principle is basic: it is up to the private developers that promote these malls (and their bankers and sundry financiers) to take the decisions regarding the viability (and thus the number) of such malls. If those promoters want to build a million malls, it is their (and their financiers) private investment funds to place at risk of loss (and has nothing to with the number of schools and hospitals that should be built). Afterall, when the GSM licenses were being auctioned off at $285 million (bid up from the reserved price of $200 million), many talking heads similarly pontificated that those licenses would be unviable at those prices. Today, the rest is history.

.

@JoblessBegger, relate what I meant by purchasing power to GDP, so if we have one thousand malls, are they going to be kept afloat by "companies" that shop in them? So these 1000 and so malls that would contain shops that neeed to turn a profit after paying for rent, electricity most likely from generator which would need to factor in fuel costs, and other major overheads that comes with doing business in Nigeria, etc, you think these shops would be able to survive on being patronised by "businesses" and non existent tourists? Malls are not warehouses that provide goods in bulk to "businesses", they need to be patronised by the "general public". Do you know how much MTN spends on fuel for generators to keep their business running? Some countries can support malls up to such a scale because of higher GDP which means most ordinary citizens can stroll in and afford to have a "mall habit" which means they go there and spend, then of course the mall also gets quite well patronised by tourists. This isn't rocket science so why are you trying to make it seem so? Gosh.
With all due respect, I know the foregoing is in the English language, but it makes no sense. :ohno:

My point was actually rather SIMPLE (which is why is did not require more than a line or two) -- you are making a substantively meaningless distinction. Those businesses that you claim would make Eko Atlantic City viable depend on the "purchasing power of Nigerians" for their own viability. Accordingly, Eko Atlantic City depends on the "purchasing of Nigerians" for its viability. It is so basic as not even to be wheel-barrow science.

Lagos can sustain close 200 malls or more.

that could be true but were talking about all of nigeria.

Actually, the number is IRRELEVANT (which was why I even threw in 10,000 malls in my discussion).

The principle is basic: it is up to the private developers that promote these malls (and their bankers and sundry financiers) to take the decisions regarding the viability (and thus the number) of such malls. If those promoters want to build a million malls, it is their (and their financiers) private investment funds to place at risk of loss (and has nothing to with the number of schools and hospitals that should be built). Afterall, when the GSM licenses were being auctioned off at $285 million (bid up from the reserved price of $200 million), many talking heads similarly pontificated that those licenses would be unviable at those prices. Today, the rest is history.

.

now that i think about it nigeria can handle 100 malls and maybe a thousand. but what private devloper would they want to risk there money in something that they know wont be sucessful until a couple of years.

With all due respect, I know the foregoing is in the English language, but it makes no sense. :ohno:

My point was actually rather SIMPLE (which is why is did not require more than a line or two) -- you are making a substantively meaningless distinction. Those businesses that you claim would make Eko Atlantic City viable depend on the "purchasing power of Nigerians" for their own viability. Accordingly, Eko Atlantic City depends on the "purchasing of Nigerians" for its viability. It is so basic as not even to be wheel-barrow science.

Eko Atlantic City doesn't solely depend on the purchasing power of ordinary Nigerians to survive, this is simply not true. Questions, why are a lot of these ventures (even the stratosphere) aimed at Nigerians living in diapora? Why is there such a drive to call for foreign investors? Also, Lagos isn't ibadan or bauchi. Question, do you think Eko Atlantic project would have been viable if situated in Kano with the current GDP? Why lagos then? Lagos is the most popular Nigerian city in the world, it housed the first International airport and unlike many cities, due to its former status as the capital of Nigeria the infrastructure has always been denser than in most cities, that is more roads, more flyovers, etc (irregardless of their state). Lagos unlike a lot of other Nigerian cities like say Maidiguri or even Ibadan, actually has something approaching a tourist industry. Lagos has historically been and still is the main entry into Nigeria. Question, do you think Ibadan City as a project would have been viable? What is the GDP of Ibadan and how much foreigners live in Ibadan compared with lagos? Victoria Island alone houses a majority of the western foreigners in that region of the country, so please, what are you talking about? :)

Your arguement about everything being up to the private sector to risk or not to risk and then throwing in the "GSM revolution" is irrelevant and bordering on childish because I personally explained to you earlier on that I was not saying anybody should or should not invest in malls, it is "their money", I was just stating (based on substatiative facts on the ground) that in my opinion Nigeria cannot at this point in time support anywhere close to the number of Malls @Matt proposed especially considering the size and quality of malls we speak of and I stand by it, as SIMPLE as that, even more basic than "wheelbarrow science".

It seems when people on this forum speak of Nigeria they seem to like to live in denial and only envision the streets of lagos, abuja, calabar and even port harcourt. Nigeria is much bigger than that and not everywhere is remotely as high end as these places, we know this so why do we pretend or claim different? Any investor could build a million malls if they like, its their money and their own risk, I was simply stating based on facts and substance as opposed to sentiments that the domestic market alone can't support the number of large malls @Matt suggested. In an earlier visit I went to a small mall in port harcourt and saw the prices of things so it isn't just blind unsubstantiated arguement.

Does that mean things can't change? Definately not. The middle class is growing but such is a pointless statement when not backed up with what percentage of middle class actually exists. Lagos and Port Harcourt have a significant percentage of middle class and some other eastern states (significant for Nigeria anyways) but such are exceptions to the rule in the country. A growth from say 0.1% to 0.5% doesn't make a case for significance in percentage of middle class.

In the meantime, factors that can cause a reduction in costs of goods include POWER SUPPLY (definately the top) because Nigerians annually spend trillions of Naira on buying fuel for generators (and that is just for domestic consumption by the way). Good infrastructure will definately help and will reduce transportation costs, time spent delivering goods to locations, opening of even more in roads to certain locations of the country and with it, influx of business to earlier before inacceccible regions. Security is definately an issue. These factors and more will help to reduce overhead costs to businesses making it possible for prices to be reduced and such improvements would even make it possible for more independent and small enterprise businesses to kickstart and provide good services, afterall, Nigerians are very enterprising. This is all stuff we all know.

now that i think about it nigeria can handle 100 malls and maybe a thousand. but what private devloper would they want to risk there money in something that they know wont be sucessful until a couple of years.
Fortunately or unfortunately, that is how most investments work. The folks who built MMA2 (Bi-courtney) and those rebuilding the Lekki-Epe Expressway (LCC) have no guarantees of financial success until the end of each of their concession periods.

Eko Atlantic City doesn't solely depend on the purchasing power of ordinary Nigerians to survive, this is simply not true. Questions, why are a lot of these ventures (even the stratosphere) aimed at Nigerians living in diapora? Why is there such a drive to call for foreign investors? Also, Lagos isn't ibadan or bauchi. Question, do you think Eko Atlantic project would have been viable if situated in Kano with the current GDP? Why lagos then? Lagos is the most popular Nigerian city in the world, it housed the first International airport and unlike many cities, due to its former status as the capital of Nigeria the infrastructure has always been denser than in most cities, that is more roads, more flyovers, etc (irregardless of their state). Lagos unlike a lot of other Nigerian cities like say Maidiguri or even Ibadan, actually has something approaching a tourist industry. Lagos has historically been and still is the main entry into Nigeria. Question, do you think Ibadan City as a project would have been viable? What is the GDP of Ibadan and how much foreigners live in Ibadan compared with lagos? Victoria Island alone houses a majority of the western foreigners in that region of the country, so please, what are you talking about? :)

Your arguement about everything being up to the private sector to risk or not to risk and then throwing in the "GSM revolution" is irrelevant and bordering on childish because I personally explained to you earlier on that I was not saying anybody should or should not invest in malls, it is "their money", I was just stating (based on substatiative facts on the ground) that in my opinion Nigeria cannot at this point in time support anywhere close to the number of Malls @Matt proposed especially considering the size and quality of malls we speak of and I stand by it, as SIMPLE as that, even more basic than "wheelbarrow science".

It seems when people on this forum speak of Nigeria they seem to like to live in denial and only envision the streets of lagos, abuja, calabar and even port harcourt. Nigeria is much bigger than that and not everywhere is remotely as high end as these places, we know this so why do we pretend or claim different? Any investor could build a million malls if they like, its their money and their own risk, I was simply stating based on facts and substance as opposed to sentiments that the domestic market alone can't support the number of large malls @Matt suggested. In an earlier visit I went to a small mall in port harcourt and saw the prices of things so it isn't just blind unsubstantiated arguement.

Does that mean things can't change? Definately not. The middle class is growing but such is a pointless statement when not backed up with what percentage of middle class actually exists. Lagos and Port Harcourt have a significant percentage of middle class and some other eastern states (significant for Nigeria anyways) but such are exceptions to the rule in the country. A growth from say 0.1% to 0.5% doesn't make a case for significance in percentage of middle class.

In the meantime, factors that can cause a reduction in costs of goods include POWER SUPPLY (definately the top) because Nigerians annually spend trillions of Naira on buying fuel for generators (and that is just for domestic consumption by the way). Good infrastructure will definately help and will reduce transportation costs, time spent delivering goods to locations, opening of even more in roads to certain locations of the country and with it, influx of business to earlier before inacceccible regions. Security is definately an issue. These factors and more will help to reduce overhead costs to businesses making it possible for prices to be reduced and such improvements would even make it possible for more independent and small enterprise businesses to kickstart and provide good services, afterall, Nigerians are very enterprising. This is all stuff we all know.
Such meaningless pedantry. :ohno:

Bro, you keep writing volumes, while saying actually little (if anything) of substance. Matt never said anything about building an equal number of malls in each state of Nigeria. It remains the investment risk of private developers to determine which locations are most viable. These are not government projects governed by the so-called "federal character" requirements.

Eko Atlantic City doesn't solely depend on the purchasing power of ordinary Nigerians to survive, this is simply not true. Questions, why are a lot of these ventures (even the stratosphere) aimed at Nigerians living in diapora? Why is there such a drive to call for foreign investors?

I presume at the malls that you have to show your papers to prove that you are not a Westerner or other foreigner, or that you are not a Nigerian living in the diaspora. :lol::lol::lol:

I presume at the malls that you have to show your papers to prove that you are not a Westerner or other foreigner, or that you are not a Nigerian living in the diaspora. :lol::lol::lol:

Well, its clear what I wrote was completely lost on you, but thats ok, I didn't do it for your benefit but for the benefit of others so it wasn't a waste of time.

Matts original post

"very nice and decent size

Nigeria needs at least 100 of these malls scattered throughout the country. "

My discussion was with him but you had to butt in for no reason to show a classic example of knowledge without discernment. It is clear what you were saying had no relevance to my post directed at Matt and you know it but find it difficult to accept. Pride is not such a good thing. Take care and have a nice day. :)

Why lagos then? Lagos is the most popular Nigerian city in the world, it housed the first International airport

this is irrelevent to the topic but i just needed to say kano had the first international airport.

now that i think about it nigeria can handle 100 malls and maybe a thousand. but what private devloper would they want to risk there money in something that they know wont be sucessful until a couple of years.
I think it would be more sucessful in the years ahead than now. The middle-class Nigerians must have gone over average meaning millions of Nigerians would be able to use those malls(if actually constructed). The expansion process of Palm mall is a testament to that.The area of shopping mall needs competion in that country as things still look fresh. Vietnam is doing thesame thing and I wonder why Nigerians always want to limit their chances. Fix the economy and let other things trive.The potentials are always there, in the Nigeria case.The surprising thing is that Nigerians cannot see them themselves.

Well, its clear what I wrote was completely lost on you, but thats ok, I didn't do it for your benefit but for the benefit of others so it wasn't a waste of time.

Matts original post

"very nice and decent size

Nigeria needs at least 100 of these malls scattered throughout the country. "

My discussion was with him but you had to butt in for no reason to show a classic example of knowledge without discernment. It is clear what you were saying had no relevance to my post directed at Matt and you know it but find it difficult to accept. Pride is not such a good thing. Take care and have a nice day. :)
Dude, this may be news to you, but the way that PUBLIC discussion forums work is that the PUBLIC enjoys the right and privilege to respond to any assertion made in such PUBLIC realm -- just in the same manner that you presumed to respond unprompted to Matt's post (even though it was not addressed to you).

Anyway, glad to see that you are gradually getting your head around the fact that malls and schools, hospitals and libraries are not mutually exclusive, and that its is the purview of the private developers of malls to decide how many malls that they wish to develop (and to so do even without having to first check with you whether enough schools and libraries have been built :lol:). Feel free to let me know if there is anything else that you wish to learn, as I am always more than willing to oblige. In the meantime, have a grand weekend and cheers. :cheers:

I think it would be more sucessful in the years ahead than now. The middle-class Nigerians must have gone over average meaning millions of Nigerians would be able to use those malls(if actually constructed). The expansion process of Palm mall is a testament to that.The area of shopping mall needs competion in that country as things still look fresh. Vietnam is doing thesame thing and I wonder why Nigerians always want to limit their chances. Fix the economy and let other things trive.The potentials are always there, in the Nigeria case.The surprising thing is that Nigerians cannot see them themselves.

I guess that means you realise that at current, work needs to be done before Nigeria would have a situation whereby malls would be able to be supported by a purely domestic market in a majority of the cities in the country which extends beyond Lagos, Abuja and Port Harcourt :)

No need to claim the potentials available, I never said malls where a bad thing, I just said in my personal opinion I would be more excited with other developments and said I don't believe Nigeria (solely domestic consumers) can support the ammount of malls of such size proposed by Matt (at this point in time) when something as simple as electricity can't even be fixed and its called freedom of speech and I backed it up with substance and facts on the ground, so I am free to have my views aren't I?

I have just decided to stop responding to people who can't read and comprehend posts but I'll let you off the hook :) . Malls aren't the only retail facilities available, its just a shame that some see it as the end all to development in the retail sector. There are quite a few well developed market and retail complexes being instigated by the Lagos government and developers and such are really good ideas that can be patronised more by a majority of the public in the country in general.

Besides that, the mall is not even commensurate with the Ibadan middle-class population. That's a good yard stick to measure the cosumers index of that city which I think is on the high side of millions shoppers. No matter how bad the economy of Nigeria is at the moment that there will be no enough population of those able to afford things from such Ibadan mall. The only thing I think will be missing is information, mainly for those who are traditionally incline not to buy things from mall - that's if at all there are such group of people in Nigeria.

Besides that, the mall is not even commensurate with the Ibadan middle-class population. That's a good yard stick to measure the cosumers index of that city which I think is on the high side of millions shoppers. No matter how bad the economy of Nigeria is at the moment that there will be no enough population of those able to afford things from such Ibadan mall. The only thing I think will be missing is information, mainly for those who are traditionally incline not to buy things from mall - that's if at all there are such group of people in Nigeria.


coming the 21st century please!!!!

Oodu’a embarks on N1.2b shopping mall

* By Bisi Oladele
* Published 28/08/2009
* News
* Rating: ratingfullratingfullratingfullratingfullratingfull Unrated

The management of Oodu’a Investment Company Limited yesterday flagged off the construction of a N1.2 billion Heritage Shopping Mall at the Dugbe central business district of Ibadan, promising to deliver the structure in 14 months.

The three-storey shopping mall is replacing a section of the defunct Sketch Press Limited, publishers of Daily Sketch, Sunday Sketch and Gbohungbohun, which the company said is still searching for investors to revive.

Laying the foundation stone yesterday, the Group Chairman of the conglomerate, Prince Julius Adelusi-Adeluyi, observed that the idea of the mall was informed by the prime location which the founders of Oodua had secured as well as the fulfilment of the plan to leave enduring investments for incoming generations.

The hall, which will sit on a 9,000 square metre of land, will have banking halls, branded restaurants, children play area, department stores, and two cinemas.

Also, there will be a food court, specialized retail shops, a fitness gym, and parking space for over 200 cars.

According to Adelusi-Adeluyi, the project is coming exactly 50 years after the foundation of Cocoa House, which was laid in the same compound by the late Chief Obafemi Awolowo, but was completed by his successor, Chief Ladoke Akintola, in 1965 at £900, 000.

The Chairman noted that the project would generate more revenue for the conglomerate as well as follow the footsteps of the founding fathers by setting the pace like Cocoa House which was the first high rise building in Nigeria.

His words: "The choice of the location was informed by the strategic importance of Ibadan as the seat of the Oyo State government and also the largest city in West Africa sub region with a population of about 2.5m people"

In his remark, the Group Managing Director of the company, Mr. Adebayo Jimoh, noted that the mall would meet the needs of many company executives who work in Dugbe area as well as others who work hard in other cities during the week and come to spend their weekends in Ibadan.

Acording to him, over 90 percent of multinational institutions and corporate firms have regional offices in Ibadan but that their staff often travel to Lagos for shopping.

Top hotels in Ibadan

* By Our Reporter
* Published 10/07/2009
* News Extra
* Rating: Unrated

Ibadan, ‘a city built on hills’, and the epicentre of politics, trade, commerce and education in Yoruba land, has been witnessing a surge of new hotels and resort centres in the last 10 years.

Apart from being home to Nigeria’s first university (the University of Ibadan), the first television station in Africa (NTA Ibadan), the first skyscrapper in Nigeria (Cocoa House), and some of the top politicians, businessmen, academics and diplomats, the city of warriors has also developed over the years to become one of the country’s centre of art, entertainment, government as well as social activities.

Among those cashing in on the opportunities presented by the peaceful, picturesque and serene environment, BISI OLADELE profiles the top hotels and resort centres in the city in order for hotel users within and outside Nigeria to make informed choices.

Premier Hotel

HIGHLIGHTS

*87 rooms including executive and business suites.

Each room is en-suite, provided with cable TV and private video viewing system, intercom and direct dialling that connects international calls.

*Super-fast wireless internet connection in all rooms and the entire premises.

*World-class restaurant serving local and inter-continental dishes.

*1,200 sitting capacity Banquet Hall for different social, business and political functions.

*Olympic-size swimming pool with professional instructor.

*Bakery, business centre, large car park, in-house clinic, petrol station, night club, car hire, Chinese restaurant, laundry and Premier Green Court for sporting activities.

Dubbed the ‘Nightwatch Lantern’, the 43-year-old Premier Hotel sits atop Mokola Hill in the heart of the city. It stands on a portion of a 25 hectares expanse of land, giving residents a pleasant view from every corner in the city.

A peep from the window of any of the 87 rooms reveals a breadthtaking view of the city and its beautiful combinations of colours.

The hotel is easily connected within five minutes from the university, Government House, the University College Hospital and the Dugbe Business Districts populated by the CBN, commercial banks and other business organisations.

Managed by some of the best hands in the industry, Premier Hotel prides itself as the Hospitality King, leveraging on its over 40 years experience.

With a newly acquired lift, a 33KVA power generator and two others on standby, Premier Hotel offers all that is needed for real comfort.

"We do not boast about our services simply because we want to entice. After over 40 years of enriching and rewarding experience in the hospitality business, the Hospitality King is knowledgeable about the needs of any clientele. From the high and mighty to the low and humble, the Nightwatch Lantern has provided impeccable value added services to several thousands cutting across several races and ages. Like wine, we have matured over the years! We know what you desire", remarked the Managing Director, Mrs Adebola Adedipe.

The hotel is the delight of foreigners who visit the city for various purposes.

Apart from hosting small groups of foreigners and private individuals, Premier Hotel has played host to some international events such as Nigeria ’99, an under-21 world soccer fiesta; the US Army in December, 2000 and many international conferences and seminars.

The Western Hotels Training School also helps the hotel to train and retrain more professionals for the industry.

Besides that, the mall is not even commensurate with the Ibadan middle-class population. That's a good yard stick to measure the cosumers index of that city which I think is on the high side of millions shoppers. No matter how bad the economy of Nigeria is at the moment that there will be no enough population of those able to afford things from such Ibadan mall. The only thing I think will be missing is information, mainly for those who are traditionally incline not to buy things from mall - that's if at all there are such group of people in Nigeria.

--------------------------------------------------------------------
Middle classes depend on economic size, check out the IMF projections for 2025 and 2050 :banana:

Gross Domestic Product (nominal) per capita [2025][16] Rank ↓ Country ↓ GDP per capita (in USD) ↓
1 United States 57,446
2 United Kingdom 52,220
3 Canada 48,621
4 France 48,429
5 Japan 46,419
6 Germany 45,033
7 Italy 41,358
8 South Korea 36,813
9 Russia 26,061
10 Mexico 22,694
11 Brazil 12,996
12 China 12,688
13 Turkey 11,743
14 Iran 9,328
15 Vietnam 4,583
16 Indonesia 3,711
17 Philippines 3,372
18 Egypt 3,080
19 India 2,979
20 Nigeria 2,161
21 Pakistan 1,568
22 Bangladesh 1,027

Gross Domestic Product (nominal) per capita [2050][16] Rank ↓ Country ↓ GDP per capita (in USD) ↓
1 United States 91,683
2 South Korea 90,294
3 United Kingdom 80,234
4 Russia 78,576
5 Canada 76,002
6 France 75,253
7 Germany 68,253
8 Japan 66,846
9 Mexico 63,149
10 Italy 58,545
11 Brazil 49,759
12 China 49,650
13 Turkey 45,595
14 Vietnam 33,472
15 Iran 32,676
16 Indonesia 22,395
17 India 20,836
18 Egypt 20,500
19 Philippines 20,388
20 Nigeria 13,014
21 Pakistan 7,066
22 Bangladesh 5,235
[edit] BRIC Summit

Southwest’s biggest shopping mall to open at Dugbe, Ibadan

The face of Dugbe, the central business district in Ibadan, the Oyo State capital, is changing for good, with the erection of the biggest shopping mall in the Southwest by Odu’a Investments Limited. BISI OLADELE reports.

THE, ancient city of Ibadan has been angling for modernity in the metropolis in recent years. Yet, Dugbe, the city’s Central Business District, is constantly enjoying renewal.

The district, which plays host to branches of several multinationals, the Central Bank of Nigeria (CBN), Cocoa House, the GBO/MDS, commercial banks, entrepreneurs, furniture companies, construction as well as service companies, is also a trading hub serving the entire Southwest region.

Though the district has been enjoying occasional renewal through erection of new skyscrapers and other corporate structures, the erection of the Heritage Mall and Cocoa Mall is not just set to change the face completely, it is also set to rejuvenate commercial activities in the district. The malls, which are being constructed by Odu’a Investments Limited, will connect each other to make the largest modern shopping mall in Southwest Nigeria.

Sitting on an 19,200 square metre land at the centre of the district, the two malls have already gulped about N2 billion. The old Cocoa House extension, which served as the corporate headquarters of the conglomerate, was remodified to give way to the new Cocoa Mall. Both malls are expected to be delivered by the middle of the year.

According to the Group Managing Director (GMD) of the conglomerate, Mr Adebayo Jimoh, construction of the mall is part of the investment and re-investment in the real estate sub-sector of the economy by his administration.

The company has invested over N5 billion so far on various buildings which he said have become a major source of income for the company.

Jimoh disclosed that the Heritage Mall will have banking halls, branded restaurants, children play area, departmental stores and two ultra-modern cinemas.

It would also provide food court, specialised retail shops, fitness gym and provide parking space for over 200 cars. He further disclosed that a leading retail chain in Europe is among the tenants that have already signed for the building.

The mall is coming exactly 52 years after the foundation of Cocoa House which was laid in the same compound by Chief Obafemi Awolowo but was completed by his successor, Chief ladoke Akintola, in 1965 at the cost of 900, 000 pounds sterling.

Jimoh said the mall would meet the needs of many company executives who work in Ibadan as well as others who work hard in other cities during the week and come to spend their weekends in Ibadan.

According to him, over 90 per cent of multinational institutions and corporate firms have regional offices in Ibadan but that their staff often travel to Lagos for shopping.

Jimoh said the main contractors, Messrs L’Dalberto & Company Limited, which constructed Cocoa House, is constructing the building and would deliver before the middle of the month.

Other ongoing building projects by the company in the city include the Almond Court, a residential estate located at the highbrow Ikolaba and the Odu’a Shopping Complex located at Agodi area of the city.

The new malls, which can be accessed at Oke-Bola and Bank Road, will also feature modern facilities found in its kind in the developed world.

With the two boundary roads already tarred, it is expected that the high traffic to be triggered by visit of shoppers to the hall after completion will create minimal hiccup for road users and occupants of other buildings in the area.

Explaining the reason for the conglomerate’s sudden jump in investments in the real estate sub-sector, Jimoh said the sector offers windows of opportunities to earn good returns on investment as well as offers security on investments. Besides, the GMD said that properties are not easily manipulated by fraudsters, adding that it is an initiative that will sustain and increase the legacy of Chief Obafemi Awolowo.

"We have invested and reinvested close to N5 billion in our real estate business. We always learn from mistakes of the past and we also have understood the environment and the growth process. The key growth sector that we identified are the real estate, telecoms, hospitality, agriculture and manufacturing. Our investment in telecoms was misplaced and wrongly done.

"If we had done it in another way, we would have been laughing to the bank. You can imagine if in 2003, when we invested so much into telecoms, if we had invested five per cent into MTN. We would have been smiling to the bank. Remember Lagos, Delta and Akwa Ibom states did that and they are happy for it.

When I got here I defined the scope and capacity and capabilities of O’dua and I saw that the best way to manage this company is to look for credible private sector participants to partner with us on our subsidiaries,"he said.

http://www.thenationonlineng.net/2011/index.php/business/building-properties/38031-southwest’s-biggest-shopping-mall-to-open-at-dugbe,-ibadan.html

Ekcon Engineers are appointed as the Structural, Civil and Mechanical Engineers for a new shopping mall in Ibadan, Nigeria. Particular engineering challenges include poor ground conditions since the building is located on an old landfill/dump site and steep topography.

Approx.Construction Value: $ 40m
Architect : Stauch Vorster Architects
Main Contractor : NTC
Year Completed : Anticipated 2013

http://i1017.photobucket.com/albums/af298/ONLY1GAR3TH/image-2.jpg

http://i1017.photobucket.com/albums/af298/ONLY1GAR3TH/image.jpg

http://i1017.photobucket.com/albums/af298/ONLY1GAR3TH/image-1.jpg

http://www.ekcon.co.za/

It seems the SW is the most eager to develop other real sectors of their economy and not focus entirely on oil and gov...If the trend continues future generations of the area will greatly benefit from it...

Any pics?

Ekcon Engineers are appointed as the Structural, Civil and Mechanical Engineers for a new shopping mall in Ibadan, Nigeria. Particular engineering challenges include poor ground conditions since the building is located on an old landfill/dump site and steep topography.

Approx.Construction Value: $ 40m
Architect : Stauch Vorster Architects
Main Contractor : NTC
Year Completed : Anticipated 2013

http://i1017.photobucket.com/albums/af298/ONLY1GAR3TH/image-2.jpg

http://i1017.photobucket.com/albums/af298/ONLY1GAR3TH/image.jpg

http://i1017.photobucket.com/albums/af298/ONLY1GAR3TH/image-1.jpg

http://www.ekcon.co.za/

This is a different mall project from the others in this thread. I wasn't happy that they were all being bunched into the same thread.

One is a design concept...one is under construction/built......the other one is the Persianas project...which will soon be under construction (The one you posted)