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DEVELOPMENT AGREEMENT FOR SUPER PLAZA MALL

DEVELOPMENT AGREEMENT FOR SUPER PLAZA MALL

On 15th September 2021, Wemabod Limited signed a development agreement with Median Infrastructure development company for the Development of land measuring 4426.45 Square meters, formerly known as Super Cinema and more recently as Super Plaza, along the bustling Akerele Road, Surulere, into the Proposed Super Mall.

It was noted by Wemabod Limited Managing director Mr. Yemi Ejidiran, MD Wemabod Limited in presence of Chairman Arc. Dunni Opayemi and the Board of directors that Super Mall would fill the absent gap of a retail mall, serving that specific and significant Lagos axis.

WEMABOD intends to redevelop the property into a modern edifice that will cater to the commercial retail and entertainment/ recreational needs of its captive environment and the entire Surulere at large.

The development is a Joint Venture development that is expected to be a retail and commercial mall. It is expected to comprise Shops with prominent anchor tenants, pharmacy, cinema, lettable office spaces, food court, restaurant and bar, lounge, Line Stores, and Outdoor Terraces. It has parking for over 100 cars and access to the site is easy from both the University of Lagos end and the Surulere Stadium end.

Median Infrastructure development company is very well versed in the Development of a shopping mall with a track record of doing the same at Owerri Mall, Delta City Mall, Asaba Mall, Uyo Mall and the upcoming Super Mall with a lettable area of 11,000square meters to be added to their profile. They have built similar structures totaling over 40,000 Square meters of Lettable Space at the different malls. The upcoming Mall is user-friendly and takes into cognizance access for the disabled and is designed to minimal reduce touch surfaces interaction because of the pandemic.

Facilities of the upcoming mall include 100 car parking lots, sewage treatment plant, water treatment plant, Fire Alarm & Fire Fighting System, 24/7 CCTV Surveillance System, Armed Police Patrol, Independent Power Plant, and retails shops. Other attractions are the food court and Cinema houses

According to the Managing Director of Wemabod Limited Plc., Mr. Oluyemi Ejidiran, the mall is targeted at residents of Adeniran Ogunsanya, Ogunlana Drive Masha, Lawanson, Eric Moore, Yaba, Bariga, Shomolu, Bode Thomas, Surulere, and its environs.

The Super Mall project was conceptualized in 2020, generally due to the absence of modern formal retail channels in Surulere and its environment. The mall was born out of Wemabod desire to create a destination point for Lagos State residents around Surulere, to have an experience of a formal shopping mall.

The Mall when completed is expected to further stimulate nightlife and commercial activities in the host environment. It will provide thousands of jobs for the formal and informal sectors. It is a huge contribution by Wemabod to stemming the tide of unemployment within the society.

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Kayode Omopariola

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