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Nigeria’s 18 Largest Shopping Malls

Palms Shopping Mall, Lagos cometonigeria.comPalms Shopping Mall, Lagos cometonigeria.com

Traditional markets still trump formal retail supermarkets in Africa.

Nigeria has just a handful of formal shopping centers each with more than 10,000 square meters (107,600 square feet) of leasable space. But that’s changing. Several large malls are under construction in Nigeria.

Sixty percent of South Africans shop in formal retail supermarkets compared to 2 percent of Nigerians, according to VenturesAfrica and BusinessDaily.

AFKInsider looked at Nigeria’s 18 largest shopping malls now in operation or soon-to-be, and found that almost every one of them is anchored by South African brands, or counts South African companies among its largest stakeholders — or both.

Des de Beer, director of Resilient Africa Real Estate, identified Nigeria as the country where he believes his group can best replicate its South African retail property model, Vanguard reports.

Resilient Africa Real Estate is partly owned by Shoprite and Standard Bank. De Beer told Vanguard he believes Nigeria offers the promise of better returns than South Africa, where opportunities for new retail developments have become relatively few and far between.

Nigeria has more than 100,000 square meters (1 million-plus square feet) of leasable area in modern-format shopping centers and will be adding another 180,000 square meters of retail space by 2016, according to the Broll Property Report. The largest of these shopping centers in operation now or under construction are listed below, from smallest to largest.

Check out the companies that own and anchor Nigeria’s 18 largest shopping malls.

Sources: Broll Property Report, BlackBorderBuild, CSLStockbrokers.com, Wikipedia, Vanguard

 

Ceddi Plaza, Abuja shopping mall Nigeria

18. Ceddi Plaza, Abuja

Opened in 2004, Cedi Plaza in Abuja has 10,000 square meters (107,630 square feet) of leasable space. The plaza is anchored by Silverbird (a Nigerian multimedia and entertainment company), Spar (a Netherlands-based multinational retail chain), and Park ‘n Shop (one of the two largest supermarket chains in Hong Kong). The plaza’s primary stakeholder is Ceddi Corp. of Nigeria.

Osapa Convenience Centre, Lagos rmbwestport.com

17. Osapa Convenience Centre, Lagos

The Osapa Convenience Centre in Lagos has 10,539 square meters (113,440 square feet) of leasable space under construction. The centre is anchored by Shoprite (a South Africa-based retail and fast food company), Wrangler (U.S. manufacturer of jeans and other clothing), Swatch (Swiss watch maker), and TM Lewin (men’s shirt maker started in the U.K.). The center’s primary stakeholder is RMB Westport of South Africa.

Festival Mall, Lagos estateintel.com

16. Festival Mall, Lagos

Festival Mall in Lagos has 10,900 square meters (117,327 square feet) of leasable space under construction. The mall is anchored by Shoprite (a South Africa-based retail and fast food company) and Hub Media. The mall’s primary stakeholder is UAC Property (Nigeria).

Abia Mall abiastate.gov.ng

15. Abia Mall, Umuahia

Abia Mall in Umuahia has 11,000 square meters (118,403 square feet) of leasable space under construction. The mall is anchored by Shoprite (a South Africa-based retail and fast food company). The mall’s primary stakeholder is Abia Mall Retail Company (Nigeria).

Kwara Mall, Ilorin konacindustries.com

14. Kwara Mall, Ilorin

Opened in 2012, Kwara Mall in Ilorin has 12,000 square meters (129,167 square feet) of leasable space. The mall is anchored by Shoprite (a South Africa-based retail and fast food company) and Hub Media. The mall’s primary stakeholder is Persianas Group (Nigeria).

Onitsha Mall, Onitsha www.skyscrapercity

13. Onitsha Mall, Onitsha

Onitsha Mall in Onitsha has 12,100 square meters (130,243 square feet) of leasable space under construction. The mall is anchored by Shoprite (a South Africa-based retail and fast food company), Mr Price (a publicly traded retail company based in South Africa) and Woolworths (a South African chain of retail stores and one of the largest in the country). The mall’s primary stakeholder is African Capital Alliance (Nigeria).

Benin City Mall resilientafrica.com

12. Benin City Mall, Benin

Benin City Mall in Benin City has 13,300 square meters (143,160 square feet) of leasable space under construction. The mall is anchored by Shoprite (a South Africa-based retail and fast food company). The mall’s primary stakeholder is Resilient Africa (South Africa).

Delta City Mall www.blackborderbuild.com 3705492_orig

11. Delta City Mall, Effurun

Delta City Mall in Effurun has 13,980 square meters (150,479 square feet) of leasable space under construction. The mall is anchored by Shoprite (a South Africa-based retail and fast food company), Mr Price (a publicly traded retail company based in South Africa) and Jet. The mall’s primary stakeholder is Resilient Africa (South Africa).

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Port Harcourt Mall www.blackborderbuild.com 2620623_orig

10. Port Harcourt Mall, Port Harcourt

Opened in July 2014, Port Harcourt Mall in Port Harcourt has 16,000 square meters (172,223 square feet) of leasable space. The mall is anchored by Spar (a Netherlands-based multinational retail chain) and Park ‘n Shop (one of the two largest supermarket chains in Hong Kong). The mall’s primary stakeholder is Artee Group (Nigeria).

Ibadan Mall/Heritage Mall, Ibadan oduainvestment.com.ng/

9. Ibadan Mall, Ibadan

Opened in 2014, Ibadan Mall in Ibadan has 18,500 square meters (199,132 square feet) of leasable space. The mall is anchored by Shoprite (a South Africa-based retail and fast food company). The mall’s primary stakeholder is Persianas Group (Nigeria).

Capital Mall Churchgate.com

8. Capital Mall, Abuja

Capital Mall in Abuja has 21,500 square meters (231,424 square feet) of leasable space under construction. The mall’s primary stakeholder is Churchgate Group (Nigeria).

Peninsula Mall SkyscraperCity.com

7. Lekki Peninsula Mall, Lagos

Lekki Peninsula Mall in Lagos has 22,000 square meters (236,806 square feet) of leasable space under construction. The mall is anchored by Game (a South African discount retailer and subsidiary of Massmart/Walmart) and Shoprite (a South Africa-based retail and fast food company). The mall’s primary stakeholder is Novare Private Partners (South Africa).

Ikeja City Mall brandcrunch.com.ng

6. Ikeja City Mall, Lagos

Opened in 2011, Ikeja City Mall in Lagos has 22,000 square meters (236,806 square feet) of leasable space. The mall is anchored by Shoprite (a South Africa-based retail and fast food company) and Silverbird. The mall’s primary stakeholder is Gruppo Investment (Nigeria).

Polo Park Mall jovago.com

5. Polo Park Mall, Enugu

Opened in 2011, Polo Park Mall in Enugu has 22,530 square meters (242,511 square feet) of leasable space. The mall is anchored by Game (a South African discount retailer and subsidiary ofMassmart/Walmart), Shoprite (a South Africa-based retail and fast food company) and Hub Media. The mall’s primary stakeholder is Max Persianas Group (Nigeria).

Silverbird Entertainment Centre, Abuja facebook.com/silverbirbirabuja

4. Silverbird Entertainment Centre, Abuja

Opened in 2009, Silverbird Entertainment Centre in Abuja has 23,000 square meters (247,570 square feet) of leasable space. The centre is anchored by Silverbird and Shoprite (a South Africa-based retail and fast food company). Silverbird Group (Nigeria)

Ado Bayero Mall, Kano nairaland.com

3. Ado Bayero Mall, Kano

Ado Bayero Mall in Kano has 24,000 square meters (258,334 square feet) of leasable space. The mall is anchored by Shoprite (a South Africa-based retail and fast food company), Game (a South African discount retailer and subsidiary ofMassmart/Walmart) and Filmhouse Cinemas. The mall’s primary stakeholder is Alpine Investment (Nigeria).

Jabi Lake Mall, Abuja beaverealty.com

2. Jabi Lake Mall, Abuja

Jabi Lake Mall in Abuja has 26,479 square meters (285,017 square feet) of leasable space under construction. The mall is anchored by Game (a South African discount retailer and subsidiary ofMassmart/Walmart) and Shoprite (a South Africa-based retail and fast food company). The mall’s primary stakeholder is Actis/Duval Properties (U.K./Nigeria).

Palms Shopping Mall, Lagos cometonigeria.com

1. Palms Shopping Mall, Lagos

Palms Shopping Mall in Lagos opened in 2005 with 19,520 square meters (210,112 square feet) of leasable space. The mall is undergoing an expansion. When completed, it will have 40,000 square meters (430,556 square feet), making it Nigeria’s largest shopping mall. The mall is anchored by Game (a South African discount retailer and subsidiary ofMassmart/Walmart), Shoprite (a South Africa-based retail and fast food company), Mr Price (a publicly traded retail company based in South Africa) and Woolworths (a South African chain of retail stores and one of the largest in the country). The mall’s primary stakeholder is Persianas Group (Nigeria).

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