UPDC to unveil Festival Mall in October
UACN Property Development Company says it will unveil in October this year its Festival Mall, which is part of its mixed development in FESTAC, Lagos.
The General Manager, Marketing and Sales, Mrs. Titilayo Gbadamosi, said this during a tour of the mall, stressing that investors and customers would have adequate security measures within and around the new project, expected to boost retail services within the real estate sector.
“Festival Mall is a community-based shopping and entertainment node in the heart of Lagos, leveraging a mixed-use development of the Golden Tulip Hotel, offices, long stay apartments called The Residences comprising 198 flats and is the first in the country to have an Independent Power Plant running on gas and the national grid,” she said.
Responding to a recent security scare, Gbadamosi said the firm had in place six different security measures including plain-clothes and uniformed police on 24-hour surveillance, access controllers deployed in entrances and exit points to identify, authorise and vet persons and vehicles going in and going out of the mall.
She said, “There is an incident response team with a complement of two mobile police officers, team leader and driver on daily pin down on 24 hours basis, and their vehicle is equipped with a two-way radio communication system to report any emergency incident and appropriate response to such emergencies as well as police presence.
“There will be external police check/monitoring points and CCTV, which would be strategically located in and around the mall to provide real-time information on security matters.”
According to her, 80 per cent of the lettable space has been taken while the anchor tenant, Shoprite, has commenced operations, adding that Festival Mall is a joint venture among the UPDC, ACA and UPDC REIT, with 46 shops.
She said The Residences, which is expected to house 198 families, was also nearing completion.
Ugochukwu Osuji of the resident architects, CDS Global Limited, said the project, which began in 2014, would be completed in November.
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