A SOUTH African-developed mall opened in Lagos last week, attracting shoppers in droves, who took time off from their economic woes to visit more than 100 shops in the new centre.First-day trading at the centre was reported to be good, particularly at Shoprite and Game. Shoprite had to restrict access during the day because of the number of people in the store.Shoprite’s queues for freshly baked bread have become a phenomenon in Nigeria. Other tenants include Adidas, MTN, Spur, Nike, Stanbic IBTC bank, Pep and local chain HealthPlus.The mall, on the Lekki Peninsula, serves a large catchment area that lacks shopping facilities, despite the fact that hundreds of middle class Nigerians are moving into new residential estates in the area.Developed by Cape Town-based Novare Real Estate Africa at a cost of R1.2bn, the Novare Lekki Mall, which covers 22,000m², is one of the two biggest malls in sub-Saharan Africa’s biggest city.It doesn’t begin to compare with the regional malls South Afri...
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