There has been an appreciative increase in number of shopping malls lately in Ibadan, the capital of Oyo State. New malls are springing up almost everyday to join the existing ones in the sector. The competition among practitioners in the sector is huge too as the malls are trying hard to outdo one another in terms of facilities, innovations and good location.
In fact, the latest growth in the shopping mall business in Ibadan is astronomical. The growth has not only given room for more shopper’s choices, it has also opened doors of opportunity for estate agents. Property owners, especially those at choice areas close to the major roads are now smiling to the bank. City People’s findings revealed that the boom in this sector is not unconnected with the new developments and the massive influx of people from Lagos. Our findings further revealed that many people are relocating from Lagos that is largely believed to be already overcrowded.
According to a stakeholder in the sector, the massive turnaround in the sector is as result of the fact that people find Ibadan more peaceful and affordable, compared to the high standard of living and the hustle and bustle of Lagos. The improved night life of the ancient city is another factor that has really helped the sector, according to him. “The growth is expected. Some of us who saw the sign long before now kin to it, and we are better off for it today,” he said.
Though the shopping malls in Ibadan are unique in their own different ways, there are, however, some of them who are outstanding due to their size, location or popularity. City People’s DARE ADENIRAN (08057639079) in this special report presents to you list of the 10 Ibadan popular shopping malls people rush to for their daily needs. Enjoy it….
PALMS MALL
This is unarguably the biggest shopping mall in Ibadan. Strategically located on MKO Abiola Way (formerly Ring Road) Opposite Oni & Sons Bus/Stop, Palms Mall sits on 18 acres of land. It also has the largest car park out of all the shopping malls in Ibadan. Palms not only house the leading retail store, Shoprite but other businesses covering, fast food, health, sports, fashion, telecoms and entertainment. Retail space at Palms Mall goes for N21,000 naira per square meter.
HERITAGE MALL
The second biggest shopping mall in Ibadan is no doubt the Heritage Mall aka Cocoa Mall of the Odu’a Investment Company Limited. It is located at Dugbe, the central business district of the ancient city. Like Palms Mall, it also houses Shoprite and many other business entities. It’s gigantic structure of 3 floors consisting of 1800 square meter per floor. The mall boasts of 6, 820 square meter in total with an underground carpark. It major tenants are Cash & Carry, Lifemate Furniture, Filmhouse Cinemas and co.
ACE MALL
Ace Mall is very popular and big in Ibadan. The company has three branches in the city alone, and has now 11 across the South West states. Like the two earlier mentioned malls, Ace Mall is becoming a household name not only in Ibadan but also in the country’s retail sector. In Ibadan, there are Ace Malls at Akobo, Bódìjà and Oluyole estates. Ace Mall at any of its branch is boast of Supermarket, Bakery, Lounge, Children Arcade etc. It also has a good number of tenants who are different businesses at their branches.
VENTURA MALL
This is another big ultra-modern shopping mall in the city of Ibadan. The mall is located at Samonda area of the city. It has a place for relaxation and entertainment. There are also facilities in such as a shopping complex, children’s arcade and more. One of its biggest tenants is Filmhouse Cinemas.
AKOBO SHOPPING MALL
Akobo Mall is an ultra-modern mall located Opposite Military Baracks, Ojurin Akobo, Ibadan. It has a modern event centre, restaurant, lounge, kiddies arena, salon, fashion stores and other outlets servicing various needs of humanity.
JERICHO MALL
This one is located at Onireke GRA, Jericho, Ibadan. The mall officially opened for business in 2017. It has since then grown in leaps and bounds to become of the most patronized shopping centres in Ibadan. It has a good number of retail stores servicing people’s needs. Top tenants at Jericho Mall include Tango Supermarket, Nexgen Energy, MaryKay Pharmacy and a host of others.
BOND MALL
Bond Mall is one of the new entrants in the sector who are doing exceptionally well. The company started in 2021. It’s already making a name for itself within that short period of time. Bond Mall’s two branches at Bódìjà and MKO Way (formerly Ring Road) are architectural masterpiece. The mall consists of various businesses which includes Sunrise Supermarket, Hair Sense Unisex Salon, Gravityfoto Studio, Kilimanjaro, Wakanow, Stone Cafe & Mayarty Collections and others.
BRENT MALL
Brent Mall is another retail outfit doing well with a good number of tenants across their branches in Ibadan. With headquarters at Dogo Bus/Stop area of Apata, Ibadan, Brent has carved a niche for itself within a short period of time that it came into the sector. Brent bread is quite popular in Ibadan.
GRANDEX MALL
The two Grandex Mall’s branches in Ibadan are well patronized on a daily basis. They have branches at Bódìjà and MKO Way and few others outside Ibadan.
ANCHOR MALL
Anchor Mall is located at Oluyole Extension, Akala Expressway, Ibadan. It is a retail and entertainment hub. It houses a shopping centre, hotel, arcade, gym and lots of other businesses.
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