By Kingsley Adegboye

Purple Capital Partners Limited, developers and promoters of N5 billion Maryland Mall, a new addition to proliferation of modern malls in Lagos, have said the big black box as it is known, will boost retail and agro-allied sectors of the nation’s economy. Expressing this optimism at the formal commissioning of the strategically located mall, last week, Mr. Omotola Mobolurin, Chairman, Purple Capital Partners, noted that Lagos is fast becoming Africa’s real estate and retail capital despite the plethora of markets, street side shops and grocery stores across the state.

According to Mobolurin social evidence suggests that Lagos residents still clamour for the modern, stress-free shopping experience, adding that residents of this fast growing city can now boast of an additional shopping mall, the Maryland Mall, which was the foresight of Purple Capital Partners Limited PCPL, which began financing and developing the N5 billion retail, lifestyle and entertainment complex barely two years ago.

“I am delighted about the safe arrival of this new retail, lifestyle and entertainment infrastructure, with the capacity to provide merchants and shoppers with amenities and services that befit the state’s mega-city status. It is particularly gratifying that the construction and financing of this retail development was concluded on time and within projected funding estimates,” Mobolurin said.

Declaring the Mall open for business, Mrs. Onikepo Akande, President, Lagos Chamber of Commerce and Industry LCCI, said: “It is my sincere belief that this new mall will help to expose and grow the manufacturing and commercial potential of Lagos state and by extension, the national economy. Indeed, retail is one of the cornerstones of trading and investment, and Purple Capital, the developers of Maryland Mall, have done extremely well to give Maryland a new lease of life through this retail investment.”