UACN Property and Development Company,(UPDC) begins work on the construction of its retail outlet, Festival Mall located at  Festac Town, Amuwo Odofin Local Government Area of Lagos State.

The mall which is being built to serve as a shopping centre for residents of FESTAC Town, Mile 2, Anchorage Estate, Crystal Estate, Navy Town, Okota, occupies a total land area of 8.778 hectares, of which 3.2 hectares representing 36 per cent of the total land was reserved for the mall. The 5billion naira project has a gross buildable area of 12,722sqm, 10,071 square metres of leasable space, comprising of 4,508sqm of retail line shops, 1,035 of F&B shops, cinema of five viewing screens and 3,320sqm of anchor space.

Present at the ground breaking ceremony of the mall last weekend, was the the Lagos State Commissioner for Physical Planning and Urban Development, Mr. Toyin Ayinde, and Chairman, Amuwo Odofin Local Government, Mr. Ayodele Adewale, who expressed delight about the project, laying emphasis on the employment opportunites it would create.

The Chairman of UPDC, Larry Ettah also mentioned that the mall is part of the company’s vision of creating a tourist centre when it acquired the Durbar hotel from the federal government under the privatization programme in 2002. He said “This ground breaking ceremony today represents another significant stride in the journey embarked upon by our company in 2002. Let me reiterate that we are committed to creating a best in class mixed development on this site – comprising of offices, residences, shopping and complimentary recreational facilities.

According to the Managing director of UPDC, Mr Hakeem Ogunniran, the project has 18months construction period. He said “The mall, which will be best in class, has already signed on Shoprite and Silverbird Cinemas as anchor tenants .It is our expectation that this complex, when completed, will transform the entire environment and create a destination point for residents of Amuwo Odofin and Lagos State at large”.

2013-05-20