TradeInvestNigeria Staff
The Persianas Group, developer of The Palms shopping centre in Lagos, is currently busy with the construction a modern mall in Enugu, Enugu State. Daily Trust reports the facility, dubbed The Polo Park Mall and a first of its kind in the state, will cost in excess of N7 billion (US$47 million). The project is a public private partnership between the state government and Persianas Group. According to Chuka Okoyo from the Persianas Group, the company will have a 90% stake in the
special purpose vehicle called Polo Park Development Company while the Enugu State Government will own 10%. Okoyo says the mall is being constructed on 83,000 m2 of the best commercial land in Enugu. Work on the project started in February and is expected to be completed by December 2010.
