UPDC Draws Curtain On Construction of N5 Billion Festival Mall

By Jude Njoku

Two and half years after it flagged off the construction of Festival Mall located within the expansive premises of Golden Tulip Hotels, (former Durbar Hotels) in Festac Town, Messrs UACN Development & Property Company, UPDC PLC last week, formally commissioned the imposing N5 billion mall which has redefined shopping in the entire Amuwo-Odofin Council Area.

Actual construction works commenced on the mall on Friday 17th May 2013 and was concluded in November 2015.

Speaking at the commissioning ceremony, UPDC's Managing Director, Mr. Hakeem Ogunniran disclosed that the mall was developed by UPDC through the vehicle of First Festival Mall Limited, a - joint venture between UPDC Plc, Africa Capital Alliance and UPDC Real Estate Investment Trust REIT.

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