ACADA ACADA Multi-Billion Naira shopping centre is an exceptional real estate project being developed to provide affordable and reliable business environment to both business owners, investors and customers in Lagos State.
It is located along the LASU-Iyana Iba Road, directly opposite Lagos State University (LASU second gate) and close to the Nigerian Army Post-Service Housing Estate, Ojo area of Lagos State.
The magnificent ACADA ACADA centre is a defined modern market investment opportunity for investors and stress-free concern for its customers to interact and have lasting market experience.
It is a joint venture development project between Post Service Housing Development Limited and PEEDEEP ARCADE Properties Limited and is being managed by the CEO, Col. Kingsley Umoh Rtd.
During the recent media tour of the ongoing construction work on the vast land where the market is located, Col. Umoh explained that the centre was carefully designed for over 1000 businesses including Banks, Restaurants, Boutiques, Workplaces, supermarkets, entertainment spots and more.
He stated that it is a well planned shopping centre, which will provide outstanding facilities such as optimum security, excellent drainage system, accessible road network, green market and more to individuals and businesses.
Umoh explained that based on selling policy, the centre has huge potentials of attracting capital intensive community development projects because it is situated in a prime location: Lagos State University, Alaba International Market, Badagry Expressway, Ojo Barracks, Trade Fair complex, ASPANDA and Post Service Housing Estate.
He further stated that the infrastructure the developer will provide included security, electric fences, solar powered streetlights, insurance policy and facilities management.
On the legal protection of the investors, Umoh stated that after completion of payment, a letter of allocation from the Post Service Housing development Limited and an agreement between the subscribers and PHDL will be provided.
Aside the cost of building, which comprised 32 blocks of 32 shops each and 2 blocks of 24 shops and warehouse 28 bays of 280 square each, other payments will be developmental fees and service charges and the payment could be spread throughout the construction period and subscribers can make payment through various mortgage plans provided.
“Each shop is being sold per square metre for N600,000 and the minimum square metre investors can buy is 11 square metres and the company does not accept cash payment.”