A real estate firm, Sabreworks Investment, has announced plans to build a new mall, Grosvenors Place, in Ikeja, Lagos State.
In a statement, the company described Grosvenors Place as a “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,” it stated.
Sabreworks Investment’s CEO, Segun Phillips, noted that the objective of the project was to introduce ease and convenience to regional commercial activities.
“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 is 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,” he said.
According to Phillips, the project will commence shortly and reach completion by the end of 2024.
He disclosed that the project would be developed through a partnership with Sovereign Finance Company Limited.
The Managing Director of Sovereign Finance Company, Olusola Dada, said, “We were involved financially in acquiring the land and it is our belief that this project will transform the landscape of real estate, particularly in this environment.”