Ongoing construction of the Onitsha Mall, which will be Anambra's Largest Mall upon completion.
Onitsha Mall is a 12,100 sqm mall that is being bankrolled by the Nigerian group (African Capital Alliance), who have an 85% equity stake. The Anambra State Government will finance the rest, while Diamond Bank will manage the debt portfolio. As with most malls in Nigeria, the financiers are Nigerian and the anchor tenants are South African. Shoprite is no different, with Mr Price & Shoprite confirmed as Anchors. Upon completion the mall would be the second largest retail centre in the South East region of Nigeria. It will be managed by property management kings, Broll Nigeria. The mall is about 70% complete and will be adequately serviced by dualized access roads. The mall also has a capacity for 500 vehicles.
Read more about the Nigerian Retail Pipeline here.
Read more about the Nigerian Retail Pipeline here.