HFP Easeline unveils N8bn shopping complex
THE retail end of the real estate market at the weekend received a boost when a leading construction and civil engineering company, HFP Engineering Nigeria and Easeline Investment Limited commissioned a new shopping complex, which comes with over 3,000 shops.
The complex, valued at N8billion, is located at the strategic Lekki-Epe expressway, Opposite Abraham Adesanya Housing Estate, Lagos.
The complex prides itself with state-of-the art water treatment plant with a storage capacity of 250,000 liters of water, sewage treatment plant, waste recycling plant that can process waste of about 4,500 people.
Also, there are over 10 pumping stations that pump waste water and sewage from various parts of the complex to the sewage treatment plant, electricity substation compute with 15mva transformer step down through 15,500kv transformer and power plants. There are 3100 shops, 24m2 per shop and 10,000 parking lots
For safety measures, a police post is provided and fire fighting facility to tame any fire outbreak.
During the commissioning, the Group Managing Director, HFP Engineering, Dele Martins, who was visibly delighted over the project said in spite of several challenges against the complex, that is now past, as the complex was ready for use.
According to him, financing also posed a big challenge, adding “You may not able to get finance either at all or at a cost that will allow you to deliver to consumers at affordable price, which is what we have always try to do with our projects. We also had the traditional Omo Onile challenges where we had to pay substantial sum of money over and over again in order to get the job done.
“With over three decades of track records, we have done numerous projects successfully both on the housing commercial real estate and retail real estate space, we built the first private cemetery in West Africa.
On other projects by the company, Martins said: “Most of the office buildings in the professional centres, Victoria Island were built by HFP and we have recorded significant breakthrough in Lagos and other parts of the country.
“The flagship of HFP residential site, Victoria Garden city built on 218 hectares of land is a home to over three thousand families, commercial retail, which has over 3,000 shops, Mainfare Garden, which accommodates over 1,000 families, Dolphin Estate, roads construction in major areas in Lagos State.
“In our effort to reduce housing deficit in Nigeria, we are building more housing units. The latest is the development of Fountain Spring View Estate, Sangotedo on 40hectares of land.”
Divisional Head, Construction and Real Estate, Fidelity Bank Plc, Wale Mesioye said: “The partnership is part of the strategy as a bank to support infrastructural development wherever we operate.
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