Urban Development
Implementation
Karu
Nassarawa Investment and Development Agency
4,000,000,000.00
2024-08-09
48 month(s)
This project aims to meet the growing demand for modern retail spaces, providing a vibrant shopping and recreational hub that will attract consumers from Karu and surrounding areas. This is driven by the area's increasing population and economic activities, largely influenced by its proximity to the Federal Capital Territory, Abuja.
The mall will offer a variety of retail outlets, dining options, and entertainment facilities, boosting local commerce and creating job opportunities. Additionally, the project will enhance the area's infrastructure, fostering economic growth and elevating the shopping experience for residents and visitors alike.
The asset is a modern retail and recreational centre featuring:
• Anchor tenant space for Shoprite
• Line tenant spaces
• Food court
• Children's recreational park
• Ample parking facilities
It is located at Muhammadu Buhari International Market, Karu on 2 hectares
Urban Development
The transaction model ensures:
• Optimal risk-sharing between the public and private sectors.
• Access to private sector expertise in retail and asset management.
• Long-term sustainability through private sector-led management and investment.