Trinity Mall located along the ever-busy Awolowo Way in Ikeja, the Lagos State capital, has officially opened for business. The three-storey shopping complex constructed with about N600 million, is the flagship commercial project of OMAIS Investment Limited, a Lagos-based real estate development company.
The construction of the mall comprising 40 shop spaces of various types, was formally flagged-off on December 13, 2011.
The Chief Executive Officer, CEO of OMAIS Investment Limited, Omochiere Aisagbonhi told journalists last week that less than 10 per cent of the spaces in the mall are yet to be occupied.
“The design of the mall is a mix of rugged Nigerian and fine-honed international structural details. The shop types are in various shapes and sizes, with the provision of lock-up, open plan and see -through models. There is ample parking space, an elevator, 24- hour power and water supply as well as adequate security including CCTV surveillance”, he said.
On whether OMAIS has plans to develop similar malls around Lagos in the nearest future, Aisagbonhi said the company has already acquired a piece of land in Maryland for the development of another mega mall. The ground breaking ceremony, according to him, will be done immediately after Christmas.
Aisagbonhi said shopping should be pleasurable to the person spending the money and satisfying to the one providing the service. He explained that making shopping pleasurable was the main reason behind the development of Trinity Malls. “This is why we have committed a lot of money to the completion of this project and we have spared no expense in making sure that the mall meets all internationally acceptable standards”, Aisagbonhi stated.
Describing the Lagos tax regime as very rigid particularly as it concerns real estate business, Aisagbonhi said there is no concession from either the state government or local councils. Rather, he said, real estate developers are subjected to multiple taxation.
According to him, economic development should be a partnership between the government and the governed, either as individuals or as corporate organisations. He said the government is expected to provide the necessary infrastructure that should encourage citizens and others to invest in the economy.