Another New Mall for Abuja, retail in the city will be significantly improved over the next 24 months.

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Nigeria's capital — building has began in Abuja on a new retail plaza, The Novare Gateway Mall, scheduled to open in 2017.
Developed by Novare Real Estate Africa, the total capacity of the plaza is going to be somewhere around 25 000m2. The building is going to be constructed in stages with an preliminary stage of 15 278m2.
The total value for the first stage is forecast to be $68 million.

Nigeria's Minister of The Federal Capital (FTC) Alhaji Mohammed Bello Speaking at the ground breaking event stated his government would give every assistance needed to make initiatives such as Novare Gateway successful, because such projects will create jobs for citizens which in turn will benefit the economy positively.

In addition, he praised Novare Gateway for partnering with the Abuja Chamber of Commerce in carrying out the project by utilizing local skill, local information and local material.
In his remarks Jan van Zyl, Novare Real Estate Africa's Head of property development in Nigeria said "the projects meets the needs of Nigeria's fast growing capital city, because of the city's mordern infrastructure"
Analyst say Nigeria's capital is set to see a rise of 171% with regards to its population size by 2030 – one of the largest figures on the continent. Abuja's population and GDP have been growing  rapidly at well above 10% per annum throughout the last decade have resulted in the region being a nice-looking one for real-estate investors. An existing list of projects that comprises Jabi Lake Mall by Actis and Asokoro Mall by RMB Westport mean that the offering for retail in Abuja will be significantly improved over the next 24 months. We should see an increase in competition among developers, while they push to ensure their developments actually have a selling that is unique in the midst of growing supply.

Shoprite will be the anchor tenant of  Novare Gateway that is located within the  main highway connecting Abuja's airport and the  Central busness district.
Novare Real Estate Africa's portfollio in abuja includes the 8 267m2 Novare Apo mall, which is located somewhere around 18 km away from Novare Gateway to the south-east of Nigeria's capital. Also includes the Novare Central a 12508m2 mixed use plaza that includes A-grade office space as well as retail area. Additionally there is the Novare Lekki mall in Lagos which can be set to start fleetingly.

See more pictures below ( Photos courtesy Novare Gateway )





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