The Lagos State Government has put up the Falomo Shopping Complex for bidding under a a Public-Private Partnership (PPP) arrangement, seven month after the termination of a concession that granted the redevelopment of Falomo Shopping Complex to Afriland Properties Plc.
Likewise, the state government asked appropriate business entities, also under a PPP arrangement, to undertake the development and delivery of a wide range of facilities in different parts of the state.
The intention was expressed in a statement the Commissioner for Information and Strategy, Mr. Steve Ayorinde issued yesterday, saying it was part of the plan of the administration of Governor Akinwunmi Ambode to achieve its aggressive urban development goal in the state.
The state government had on August 18 terminated the Falomo Shopping Complex concession, which the Lagos State Development and Property Corporation (LSDPC) granted to Afriland Properties, a subsidiary of Heirs Holdings under the chairmanship of Mr. Tony Elumelu.
But just yesterday, the state government called for proposal from suitable business entities to rebuild the shopping mall into a world class apartment for resident, thereby suggesting a breakdown of the renegotiation bid between the conflicting parties.
In a statement that was signed by the commissioner for information, the former Falomo Shopping Complex was one of the facilities that the government is seeking proposal to redevelop in the state.