Bennett Oghifo

A new state-of-the-art four-floor facility named Grosvenors Mall is being developed by Sabreworks Real Estate Investment Limited, a reputable firm in the property industry.

At the groundbreaking at its location at Ikeja, recently, the Chief Executive Officer of the company, Segun Phillips said Grosvenors Mall will be rendered as a game changer in urban regeneration, particularly in Ikeja, and that it was designed and will be built to have modern facilities, good parking spaces underground and traffic control, and all of these have been approved by the Lagos Ministry of Physical Planning and Urban Development. 

The mall is “meticulously planned and designed space intended to nurture thriving businesses, offer entrepreneurs a conducive environment, and provide shoppers with unparalleled convenience.

“This initiative underscores the company’s unwavering commitment to shaping a brighter future for Ikeja. In an era of real estate booms in the country, Grosvenors emerged as a beacon of innovation and progress. This ambitious project is born from a dream to transform Ikeja’s commercial landscape,”

The shops and office spaces will each have their own toilets and for both owners and clients. 

The project, Phillips said, is dear to him. “I grew up here in Ikeja and I believe Ikeja deserves a contemporary, state-of-the-art commercial hub that not only serves businesses but also enriches the lives of all who interact with it.

“Grosvenors goes beyond the typical mall archetype; it’s an ecosystem meticulously designed to foster success. Featuring cutting-edge amenities, a strategic position, and a community-oriented ethos, we present an unparalleled value proposition.”

The project, he said, is expected to begin on October 1 and reach completion by the end of 2024, adding that they collaborating with Sovereign Finance Company Limited, a financial services provider.

Managing Director, Sovereign Finance, Olusola Dada, said: “We were involved financially in acquiring the land and it is our belief that this project will transform the landscape real estate particularly in this environment.

“Our core service is financing, and we ardently support commendable projects like this. Our doors are open for similar projects under acceptable terms and conditions.”

He said they will also attend to off-takers if they met the conditions set by their company.