The Nation Newspaper

Tag: shopping mall

  • Mayweather dates model 20 years his junior

    FLOYD MAYWEATHER is dating Argentinian Big Brother star Yasmi Mendeguia, who is 20 years his junior, after meeting her in a shopping mall, according to reports.

    Boxing legend recently took his private jet to his Las Vegas strip club – but his heart has now been captured by one dancer.

    The model first asked for a photo when she bumped into the boxing legend in Los Angeles last month before the 42-year-old replied by asking for her phone number.

    Speaking to Mundo Deportivo, the 22-year-old said: “I was in a store with friends. When I saw him I went to ask for a picture, but a bodyguard got in the way. “But Floyd asked to let me pass and we took some pictures. He stayed talking to us about coming to Mexico, partying. It seems very cool and even asked me for contact.”

    Mendeguia, who appeared on the Spanish Big Brother back in 2016, is now working as a model, actress and dancer in Mexico.

    Mayweather, who turned 42 last month, has not been in action since his December exhibition bout in Japan against kickboxer Tenshin Nasukawa.

    The five-weight world champion took just over two minutes to take out featherweight Nasukawa, dropping the boxing novice three times on the way to collecting £7million.

  • Fire razes shopping mall in Owerri

    Fire razes shopping mall in Owerri

    Fire yesterday razed the Umuororonjo Shopping Plaza in Owerri, Imo State capital.

    The cause of the fire was unknown last night. Goods worth over N1 billion were destroyed.

    Nobody died.

    According to an eyewitness, the fire started about 5: 10 am.

    “We started seeing smoke from one of the shops on the first floor. We raised an alarm and people started gathering. All our efforts to kill the fire with water and detergent did not work.

    “We tried to reach the fire service but our efforts yielded nothing. We were there till 8 am when more people gathered, but before then, the fire had burnt the shops.”

    One of the shop owners, Mr. Sampson Ochia, who sells computer accessories, said he lost over N20 million worth of goods.

    The confused Ochia, in  tears, said he just got a N15 million loan using his land as collateral.

    “What type of world is this? Where do I go from here? What becomes my fate from today?” he lamented.

    Another victim, Chief Clement Ajoku (63), said he had over N50 million worth of electronics in his shop.

    Ajoku contended that it is only God who can save him from the situation. “What will I be doing now? My life has changed from worse to worst. How will I get money to re-start my business in this cantankerous Imo State and Nigeria? A business I started when I was 32 years is gone,” he cried.

    The Director of Fire Service, Japheth Okoroafor, said he received a call on the fire outbreak.

    His words: “We have only one serviceable fire fighting vehicle. The vehicle was deployed to quell a fire on Tuesday in Okigwe area, but it developed faults while returning.

    “Since then, I have written memos for its repair but all to no avail. Now that there is another emergency, there is nothing to combat it. In fact, the situation is hopeless.”

  • EKSU alumni to build PG hostel

    The newly elected leadership of the National Alumni Association of Ekiti State University (EKSU)led by its National President, Mr Oludotun Adetuberu, has laid out its agenda to construct the Alumni Village which will consist of a postgraduate students Hostel, shopping mall and other social amenities.

    Adetuberu said this when the Alumni executive met with the Vice Chancellor, Prof. Samuel Oye Bandele.

    The Alumni President, who was elected at the 2017 Triennial Convention of the association held recently, said he was prepared for the task ahead adding that his team would upgrade and reposition the association.

    He assured the Vice Chancellor that as part of his 12-point agenda, all alumni of the institution would be contacted to pool resources together to construct the multimillion naira Alumni village.

    Congratulating the new executives, Bandele said that the University had reinvigorated the Directorate of Advancement Centre which deals with Alumni relations.

    The Vice Chancellor assured the team of his support and urged them to unite all graduates of the university under one family for positive development.

  • Nimbus launches first Shopping Mall Guide

    Nimbus launches first Shopping Mall Guide

    Premier destination advertising company, Nimbus Media Limited, has recorded a significant first in the history of Nigeria’s retail industry with the launch of the country’s first full-fledged shopping mall guide – the Nigeria Shopping Mall Guide.

    The quarterly digital publication, primed to be the authoritative guide into Nigeria’s blooming retail landscape, will offer shoppers, brands, tourists, investors, media managers and retailers, rich and useful insights on trends, happenings and attractions in shopping malls and retail spaces all across the country. It also has comprehensive information on opportunities and developments in the retail sector.

    Nimbus Managing Director and Co-founder, Olawale Adegoke, said: “The growth of Nigeria’s retail industry in the last decade and the continued emergence of mega and mid-sized shopping malls across the retail landscape, has necessitated a journal that tracks, analyses, documents and reports this exciting developments.

    ‘’The Nigeria Shopping Mall Guide bridges an obvious information gap by placing valuable shopping mall information at the fingertips of shoppers, while also providing critical consumer insights for retailers, marketers and media planners in a highly competitive, data-driven marketplace.”

    Nimbus’s Board Chairman, Prince Adesegun Ajibola (SAN), called the Nigeria Shopping Mall Guide “a result of intellectual and professional excellence” and “the product of painstaking collection and curation of vital data and insights relevant for all stakeholders across the retail value chain in Nigeria and the rest of the world.”

    The maiden edition of the digital guide, which can be downloaded at shoppingmallguide.com.ng, features an exclusive interview with Eniola Ositelu, the Marketing Manager of Nigeria’s busiest mall, the Ikeja City Mall, as it commemorates its fifth year of operations. Printed versions of the guide are also on display in stores at selected malls across the country. The periodical boasts a rich editorial menu, comprising industry news and analyses, global retail industry trends, and a comprehensive list of all the major malls in Nigeria.

    The publication’s Editor, Mojisola Fagade,  said: “The Nigeria Shopping Mall Guide is poised to be a Shopper’s Companion.”

    In her words: ‘’It is envisioned to be a rich resource with a tremendous breadth of subject matter that include interviews with industry experts, exhaustive analysis and data on footfall traffic at shopping malls, profiles of brands and retail stores at these malls, trends from both the local and global retail industries, upcoming events and attractions, and much more. It’s magnetic; it leaves you glued and longing for more.

    “Nimbus has always pushed the boundary in digital out-of-home advertising, establishing itself as Nigeria’s foremost in-store digital advertising solution providers. The Nigeria Shopping Mall Guide represents yet another trailblazing feat that positions them as a warehouse for first-hand data on all the shopping malls we have in Nigeria and their potentials in terms of the footfall and traffic achievable in these malls, thus providing useful insights for consumers, retailers and the media,” said Yinka Adetayo, Deputy Manager, Buying at top media agency, MediaReach OMD.

    Temitayo Osikoya, Nimbus Deputy Managing Director and Co-founder, noted that the yearnings of industry professionals and advertising brands for well-curated and accurate data on Nigeria’s shopping malls, can now be satisfied with the guide’s well-researched and assiduously compiled content.

    “Beyond updating shoppers with latest developments in retail, the Nigeria Shopping Mall Guide will furnish retailers and advertisers at the other end of the spectrum with credible insights on consumer traffic, thought patterns and attitudes, purchasing power, buying patterns and a range of useful consumer information,” Osikoya noted.

  • Shopping mall space supply to more than double

    Shopping mall space supply to more than double

    Supply of retail space in shopping malls is expected to more than double in the year to 11.7 million square feet in the top seven cities of the country compared to last year, according to a report by property consultant Jones Lang LaSalle (JLL).

    Last year, these seven cities – Bangalore, Chennai, Delhi-NCR, Kolkata, Hyderabad, Mumbai and Pune – logged an estimated supply of around 5.2 million square feet, taking the total shopping mall stock to 76 million square feet (sq ft).

    According to the report on ‘Retail Real Estate’, India’s total shopping mall stock is likely to reach 87.7 million sq ft by 2014, representing an addition of 11.7 million sq ft of new supply this year.

    “In 2013, an estimated supply of around 5.2 million square feet was registered – a 22 per cent increase over last year’s supply of shopping mall space,” JLL India managing director (retail services) Pankaj Renjhen said.

    “Chennai led with 1.95 million square feet of supply in 2013, followed by Mumbai and Pune. In 2014, Delhi-NCR is expected to hold the dominant position in terms of expected net addition of shopping malls.”

    Among the seven cities, Delhi-NCR and Mumbai have been leading in terms having the highest concentration of shopping malls, accounting for 62 per cent of the total stock.

    Mr Renjhen said the year would witness increased supply of mall space as most of the retail projects were launched in 2009-10 and it takes four to five years to complete them.

    That apart, he said DLF’s large shopping mall of about two million sq ft in Noida would be operational next year.

    Highlighting an emerging trend in retail real estate, he said the average size of malls is likely to increase in the coming years, as developers are focusing on project sizes that allow for a critical mass in terms of offering various formats and categories under one roof.

    “In 2014, the average size of malls is estimated to be around 3,80,000 sq ft, which is expected to increase to 4,70,000 sq ft in 2015 and further increase to 6,60,000 sq ft in 2017,” he added.

    Mr Renjhen also mentioned about an increasing trend among upcoming malls to adopt a structured approach in planning, execution and launch.

    “The importance of formulating an optimal tenant mix to ensure the maximum utilisation of retail space is now recognised and accepted by almost all major mall developers,” he said.

    JLL said retailers are showing the highest interest in upcoming retail projects that offer not only a good location, but have been optimised in terms of design and trade and tenant mix.

  • N600m shopping mall springs up in Lagos

    N600m shopping mall springs up in Lagos

    For developers, commercial property is it. They invest more these days in properties because believe they can recoup their investment in no time, reports Okwy Iroegbu-Chikezie

    IKEJA, the Lagos State capital, is becoming the home of shopping malls. More shopping malls are springing out in the area. The latest is Trinity Mall, which construction started on December 13. The foundation was laid by the Chairman/Chief Executive Officer of OMAIS Home Chief Omochiere Aisagbohi.

    Aisagbohi said the mall is strategically located to provide shoppers and shop-owner with a fresh and ultimate novel experience in shopping.

    The mall, which will be inaugurated in June, is almost over subscribed by those desirous of taking advantage of its conducive business environment.

    Chief Aisagbonhi said of the mall: “Much of the space has been bought or leased by discerning shop owners who want to take advantage of the unique advantage that Trinity Mall has, in terms of its location, state-of-the-art facilities and ambience. We still have a few shopping spaces left and we are in the process of allocating to clients on first come, first served basis.”

    The shops are in large and small sizes. The later is leased at N6million for 10 years or N15million for 10 years or N15million for buying, while the big ones are sold at N300,00 per square per square metre.

    The clientele included IT and telecoms companies, clothes and accessories, eatery to mention but a few.There are spaces available for a banking hall, department store, bar or coffee shop, dry cleaners, sports good shop, etc.

    Chief Aisagbonhi said the reason for the good construction and quality of infrastructre provided to make shopping and other business transactions that will start at the mall in a few months, is to ensure that shopping is not stressful, but rather pleasurable to the people spending their money and satisfactory to the one providing the service.

    This is why we have committed about N600 million to the completion of this project and we have spared no expense in making sure that the mall meets internationlly acceptable standards, he said.

    On the design and infrastructure provided, the Omais chief said:

    The Mall boasts of several world-class facilities that make for exquisite, breath-taking ambience and care has been taken to ensure that the business are is comparable to any one of its kind world-wide. The design is a mix of rugged Nigerian and fine-honed international structural details.The shop types are various shapes and sizes, with provisions for lock–up, open plan and see-through styles and categories.

    He also said there is a large parking space, an elevator, 24-hour power and water supply, security coverage, including CCTV surveilance round-the-clock coverage to ensure the security and peace for both shoppers and shop owners.

    On payment plan, he said a major attraction is that subscribers have flexible payment plans spread over a comfortable period to enable them to become part of a new experience in the provision of top-quality service.

    Chief Aisagbonhi said since the inception of the firm, it has consistently strived to build tastefully furnished home and malls for clients on on ‘ pay-and-move-in’ basis with no need for extra fittings.

    According to him, the kitchens are state-of-the-art fitted with stainless steel appliances, dish washer, filtered granite sink top, and a cooker.

    He said each house comes with accompaniment of swimming pools and gyms, washing machine, exquisite furniture, AC, marble floor and POP ceilling.