By Jude Njoku
MESSRS Stormberg Engineering Limited, the company developing the the multi-billion Naira ultra-modern Tejuosho Shopping Complex located in the heart of Yaba Business District, may not meet the May 2011 completion target which they had earlier set for themselves.
The new-look shopping complex is a public private partnership project (PPP) between Messrs Stormberg Engineering Limited and the Lagos State government. Vanguard Homes & Property learnt at the weekend that a number of factors may compel the company to extend the completion deadline to the last quarter of this year.
Mr Victor Alonge whose firm, Nelson thorpe Alonge is the lead marketer of the shopping complex neither denied nor confirmed the development when his views were sought. He said the consultants would soon meet to determine a new completion schedule. He was quick to point to the fact that construction activities at the site have remained on the upward scale. According to him, construction work on the landmark edifice which is being fully financed by First Bank of Nigeria Plc, is nearing completion.
In his own comments, Chief Meckson Okoro stated that a delay in the completion schedule would arise because of the long Christmas and New Year holidays during which workers downed tolls to be part of the celebrations.
The proposed New Tejuosho Shopping Complex incorporates 4,040 shop units of various sizes – 9m2, 12m2, 19m2,23m2 and few larger units of 142m2 for banking and restaurant uses as well as Kee-Klamps (1651 in all). The shop units are arranged on four levels – level 1 (upper ground level) level 2 (entrance level), level 3 and 4,” he said.
When completed, the expansive shopping complex will offer an array of modern retail complex facilities and amenities. They include multi-level parking for 720 cars, efficient internal traffic system and management, lifts and elevators for shoppers and cargoes and fully serviced fire station. The complex will also have a Police station and uniformed security patrols, banking halls and ATM facilities, eateries and food courts, connection to a central sewage service and connection to PHCN’s main power system and Water Corporation’s mains.
The developers are also putting in place alternative power supply while plans are afoot to contract a Facility Management Company to ensure that the facilities are always in first class conditions.