L-R: Oba Saheed Ademola Elegushi, Kusenla 111; Olajumoke Akinwunmi, chairman of Purple Real Estate Income Plc; Babajide Sanwo-Olu, governor of Lagos State; Olaide Agboola, chief executive officer and Obinna Onunkwo, deputy chief executive officer of Purple Real Estate Income Plc at the unveiling ceremony of Purple Mall Lekki, Lagos recently.
Purple Group, a leading real estate and retail development firm, has officially launched PurpleLekki, a cutting-edge mixed-use facility valued at N80 billion in Lekki Phase 1.
Building on the success of Purple Maryland (formerly Maryland Mall), the new development integrates residential, commercial, and recreational spaces into one dynamic hub designed to redefine urban living.
A multi-purpose urban hub
Strategically located on Freedom Way, PurpleLekki spans 38,000 square meters, featuring 50 fully occupied retail and office spaces, as well as 260 residential units, ranging from studios to four-bedroom apartments.
Speaking on the project, Laide Agboola, CEO and Co-founder of Purple Group, described it as Nigeria’s first fully integrated lifestyle development, offering seamless access to essential services such as supermarkets, pharmacies, gyms, cinemas, and wellness centers. The facility also includes a dedicated co-working space, entertainment zones, and a skating area, making it a one-stop destination for living, working, and leisure.
Boosting economic growth and sustainability
Agboola emphasized the project’s contribution to job creation and local commerce, revealing that Market Square alone employs over 100 people, with other businesses hiring even more. He further highlighted the project’s EDGE certification from the International Finance Corporation, recognizing its sustainability efforts.
Infrastructure upgrades have also been a key part of the development, including improved drainage systems and beautification projects around the facility. Parking is another major feature, with five levels accommodating over 500 vehicles.
Powering the future with smart infrastructure
PurpleLekki runs on a three-tier power system, combining grid electricity, diesel generators, and gas energy solutions to ensure uninterrupted supply. Agboola noted that Purple Group aims to leverage its financial strength to expand urban renewal and infrastructure projects across Lagos over the next five years.
“This is not just a commercial center; it is a fully integrated neighborhood hub that prioritizes convenience, commerce, and sustainability,” he added.
A hub for organized trade and investment
Obinna Onunkwo, Deputy CEO and Co-founder of Purple Group, highlighted the project’s role in formalizing retail trade in Lagos. By creating structured spaces for businesses, the development supports better economic planning, enhances government oversight, and fosters long-term investment partnerships with both local and international brands.
According to Olajumoke Akinwunmi, Chairman of Purple Real Estate Group, the project represents a new era of destination-driven developments in Lagos. “This is more than just a building—it’s a place where people come to live, work, shop, and be entertained in a structured and organized environment,” she stated.
Lagos Government pledges support
Commissioning the facility, Lagos State Governor Babajide Sanwo-Olu commended PurpleLekki as a model for future urban developments, pledging the state government’s commitment to creating an enabling business environment.
“We will continue to support sustainable developments like this, ensuring that infrastructure projects align with the long-term vision of a smarter and greener Lagos,” the governor stated.
With businesses now operational and construction fully completed by late 2024, PurpleLekki is set to redefine the retail and real estate landscape in Nigeria.
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