The malls will cater to the city’s growing middle class.The Odua Conglomerate on Thursday commissioned two structures within the premises of its Ibadan headquarters.
According to the company’s Group Managing Director, Adebayo Jimoh, the two buildings, Heritage and Cocoa malls, cost a total of N3 billion.
Mr. Jimoh revealed that the Heritage Mall, designed by Ab.dt Partners and constructed by L’ Dalberto, was solely financed by Odua and cost N2 billion, while Cocoa Mall was constructed in partnership with Top Services Limited and cost N1 billion
At the inauguration of the malls, the Oyo State Governor, Abiola Ajimobi, declared that his administration had created an environment of peace, contrary to the ones before his.
He reiterated his government’s resolve to make the state business and leisure friendly for its citizens and investors.
Mr. Ajimobi noted that the state embarked on massive infrastructural development and beautification to create an enabling environment for investors.
He said that his government would continue to partner with private sectors, international and donor agencies to develop the state and declared that the construction of the edifices was in tandem with his administration’s transformation agenda.
In his remark, Mr. Jimoh said the malls were conceived to cater to the needs of the growing middle class in Ibadan, a majority of whom relocated for business purposes.
He said the new middle class were being forced to shop in Lagos for wont of befitting shopping environments.
“Of particular interest are some expatriates community here in Ibadan with police escort for their weekend shopping,” he noted.
He affirmed that the new malls, by statistics and standards, met international specifications, noting that this was why international brands such as Shoprite, Mr. Price, Samsung, among others, were their anchor tenants.
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