An Abuja-based property developer, Atlanto Investment and Property Company, has acquired over nine hectares of land for the construction of ‘Build and Own’ ultra-modern market in Gidan Zaki-Orozo, Karu Local Government Area of Nasarawa State.
Under the ‘Build and Own’ arrangement, interested investors are expected to pay ground rent, administrative charges, tenement rates and service charges to the company.
Isaac Agbanwu, managing director/CEO of the company, disclosed that the project, on completion, would attract over N10 billion worth of investment, explaining that the market on completion would provide services for the proposed Cargo Airport to be constructed by the Federal Government.
He added that the company will ensure that all shops during construction comply with the township building rules and the National Building Code, saying “it is worthy to note that the proposed Cargo Airport site is about a kilometre away from our market. The cargo airport, as designed by the Federal Government will also benefit tremendously from the facilities within the market.”
He continued: “The multi-billion naira project is very strategic as it would provide essential services to various residential housing estates within Abuja and neighbouring cities in Nasarawa State including Civil Defence, Navy, Oronzo Mass Housing Estate, among others.”
Some of the facilities to be provided within the market include warehouses for representatives of manufacturers of consumer products and other retailers; road network, water bore-holes, transformers and standby generators, banking halls, police post, clinics, parking lots, micro-finance bank, refuse dump