Purple Real Estate Income limited, a real estate investment platform, has signed agreements with Genesis Cinemas, Market Square and The Ventures Park to be the anchor tenants and partners at the PurpleLekki, a property billed to open this year.
The 38,000 square metre Purple Lekki has a 157-unit mixed-use development that blends high-quality residential, retail, entertainment, hospitality and co-working spaces to tap into the increasing demand for all-inclusive living.
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The new construction is backed by financing from the Bank of Industry and guarantees from Keystone Bank.
Daily Trust reports that it forms part of an ongoing programme to build strategic alliances with domestic and international development partners to construct and deliver premium assets in prime locations.
Chief Executive Officer, Purple, Laide Agboola, said, “PurpleLekki enables holistic living, encouraging inclusion and communities, best-in-class entertainment and productive atmospheres for work that enable social and economic mobility and opportunity.”
Chief Executive Officer, Market Square, Mr Ebele Enunwa, explained that the tenancy agreement to house its second outlet in Lagos “signals the success of our first in PurpleMaryland and the next step of a progressive partnership that enables us to continue to meet Nigeria’s everyday needs.”
Chairman, The Ventures Parks, Kola Aina, said, “We are delighted to leverage the PurpleLekki property development as we upgrade and scale our offering across the country and beyond to support the success of a new wave of startups, technopreneurs, and innovators that bring about the world of tomorrow today.”
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