Novare Real Estate Nigeria has restated its commitment to provide Grade A retail and commercial properties to support business growth.
The chairman of Novare Real Estate Nigeria, Professor Fabian Ajogwu stated this at the press briefing on the sixth anniversary celebrations of Novare Lekki Mall and unveiling of the anniversary logo held yesterday in Lagos.
Ajogwu said, “In spite of economic challenges, the Group remains convinced that the opportunities for growth and development are strong, and some of these opportunities exist within the real estate and retail business value chains.”
He pointed out that “the overall task and objective before the country today, as we struggle with rising costs and economic difficulties, is to develop a strategy to put the nation on accelerated growth path within well defined, realistic and attainable timelines. This, effectively, is the shared strategic framework for inclusive growth and sustainable development.”
He added that, Novare’s strong presence in the economy and its leadership in the retail and commercial property market, undeniably places an obligation on the company to play a leading role in the developmental ambitions of the economy, which the Company is pursuing with vigour and purpose.
To underscore this commitment as well as tap into the infrastructure development drive of government, he said, Novare Group has, over the last decade, built a strong portfolio of investments in the real estate sector running into millions of dollars.
According to him, “We are celebrating the sixth anniversary of Novare Lekki Mall, which has transformed the socio-economic dynamics of Sangotedo and its environs and that of Lagos.
“Our malls are testaments to our capital importation drive, which helps to support government’s desire for foreign direct investments. For instance, this mall we celebrate today was driven by foreign direct investment valued at N31.5 billion at the time of completion.
“Our impact as an organisation remains strong. Through our activities we have continued to support the growth of retail and commercial businesses. We have also continued to create jobs. Today, Novare employs more than 3,000 Nigerians through direct and indirect employment. Novare has continued to invest in and help drive government’s diversification agenda through our activities in the real estate industry.”
Also, the chief executive officer of Novare Real Estate Nigeria, Mr. Hein Du Plessis, noted that, “we are at the heart of the Sangotedo community in Lagos and its environs and over the past six years, our vision to provide world class experience in keeping with the ever growing and changing needs of the community and those of our shoppers has become a reality.”
He said, Novare Holdings have successfully developed nine grade A retail malls across Sub-Saharan Africa in Nigeria, Mozambique and Zambia and has, through its activities positively transformed the real estate industry across Africa and contributed to job creation.
