The construction of a world class mall to replace the iconic Falomo shopping complex on Awolowo road Ikoyi has begun. The redevelopment project is a private-public sector agreement between banker Tony Elumelu's Heirs Real Estate Limited, and the Lagos State Development Property Corporation. (LSDPC)
The first phase of the multi-billion redevelopment is the demolition of a considerable portion of the complex to be replaced by new structures. The new mall will boast of a shopping mall, an office complex and world class residential apartments.
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