Blackbit Limited, a niche investment banking firm and Willao Nigeria Limited have unveiled project Chase, a multi-level car park and events centre located in Central Lagos.
The project which is located within the Onikan Marina Axis and is currently under construction with the ground floor and first floor already constructed is been built to help reduce the high number of vehicular movement particularly in the commercial hubs of Lagos Island, Ikoyi and Victoria Island which is prone to grid locks due to congestion and indiscriminate parking.
At completion of the Project, the building will consist of a 1,200 capacity banquet seating event centre, 375 car park facility, state of the art gym, and a restaurant or lounge.
The Project is a Joint Venture Development between Ibile Holdings and Willao under a Build Operate and Transfer financing structure.
Speaking at the Project Chase Investors Conference, Wale Ajibade, managing director of Blackbit Limited, underscored the uniqueness of the Project. He explained that “the building will serve strategic purposes like being used as a transfer point for Ferry Station and Rail Station at Marina. Another unique feature the building will have are car parking spaces for the disabled people”.
Femi Williams, managing director, Willao Nigeria Limited, also gave investors at the conference a background to the project, citing the need to address the parking infrastructure gap in Lagos. He said “most decent car parks in Lagos are often attached to a mall, market or private facility. The concept of public parking infrastructure is yet to take off in Lagos State or Nigeria as a whole. We are hoping that project Chase will change things for the better”.
However, commendations where made by the managing director of Ibile Holdings to the project team who consist of – Project Developers Messrs, Willao Nigeria Limited, Messrs Construction Kaiser Limited and the Consultants Collaborative Consultants.
Blackbit Limited is a niche investment banking firm regulated by the Securities and Exchange Commission with core focus on infrastructure projects, providing transaction structuring and fund arrangement services to areas of the economy with key infrastructure gaps such as transport infrastructure, power infrastructure and other critical areas of the economy.
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