Purple, the developers of Purple Mall Maryland have commenced construction of the PurpleLekki, an 8 floor and a full blend mix-use development, targeting the upper middle class market.
Speaking to Daily Trust at the ground breaking event, the Chief Executive officer and Co-Founder of Purple, Olayide Agboola said: “Purple-Lekki is seating on 10,000 square metres, which is hectare and we have leased 65 percent of space already.
“We have Anchors from Market square, Genesis Cinemas, Harmony, kasper all signed up. We have an existing relationship with workstation. We have discussion ongoing with Lagos co-work, the choice, Eye contact.”
“We are looking at 18 months for completion which should be by Q4 2021 and if we miss it, then Q1, 2022. It is financed by a mixture of equity, sales funding and debt.” He said Purple is creating affordable lifestyle experiences for its consumers through principal investments in superior mixed-use facilities and services.
“Our lifestyle services span through real estate, retail, e-commerce, media and advertising, entertainment and family fun, financial services amongst others. With our range and network of partners, we are curating affordable lifestyle experiences for our consumers with convenience and finesse.”
In 2016, Purple developed and opened Maryland Mall to the public. Now known as Purplemaryland, this mixed-use commercial centre was designed with every bit of comfort and convenience in mind.
Purple Lekki is an all-new state of the art mixed-use lifestyle center blending retail, entertainment, private offices and hospitality into an unforgettable lifestyle experience.
Agboola said the location is ideal and will capture the heavy residential and commercial traffic of Lekki Phase as well as the highly residential Ikate and other neighbourhoods on that axis.
