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University of Ibadan, Primus 1948 break ground on Primus Mall Ibadan

University of Ibadan, Primus 1948 break ground on Primus Mall Ibadan

In a public-private partnership to provide a much-needed shopping and entertainment destination for students and residents living in and around the University of Ibadan,

Primus 1948 Limited and the University of Ibadan has announced the ground-breaking of the Primus Mall.

The event which is the beginning of the construction of Primus Mall – a 7,00sqm shopping and entertainment centre in the heart of the ancient city of Ibadan took place Friday 28th October 2020.

Speaking at the event, the Vice-Chancellor of the University of Ibadan – Prof. Abel Olayinka quoted a World Bank study that showed that financing of higher-level education must reduce its over-dependence on public funding but rather should attract and mobilize more of private-sector funding. It is for this reason Primus 1948 was created with VGS Homeland Limited to birth this project.

On behalf of VGS Homeland – Bose Sogunle mentioned that “this is another first of many firsts in the history of the University of Ibadan.”

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In as much as it is monumental for the university, Sogunle said the ”project has a personal meaning to me, as UI is my alma mater. Oyo State is considered the next investment destination going by its being remarkably investor-friendly.”

Meanwhile, Northcourt Real Estate was appointed as the lead marketing and leasing consultants for the project.

Northcourt CEO – Tayo Odunsi said while growing up, he spent a lot of time with family in Ibadan and visited places like Trans Amusement park for recreation.

”However, such places are no longer functional but Primus Mall seeks to fill that vacuum with its 4-screen cinemas, large game arcade, lounge and several other entertainment features, ” Odunsi said.

The project team also includes EPCM as Project Manager/ Quantity Surveyors, ATO Architects, PIN Consult as Structural Engineers, Unecon Associates as MEP Consultants and Brickstone Africa as Financial Advisers. The project is expected to be delivered ahead of the end of the year holiday season in 2022.