The negative economic climate may have dealt a blow to a major ambitious real estate project in Abuja, the Nigeria federal capital city.
The World Trade Center was scheduled for completion in 2017 but the project appears to have suffered serious setbacks. The project owned by Churchgate group is iconic structure at the entrance of Abuja Central Business District.
According to its official description, the Residences at World Trade Center will be an iconic Gateway to Abuja’s Central Business District.
“The premier Residential Tower at World Trade Center Abuja will be the most enviable address in all of Nigeria. Only 132 bespoke residences will be available for purchase with lavish layouts ranging from 1 – 3 bedrooms as well as several alluring Penthouses.
“Owners will enjoy a new style of elevated living within a distinct and stylish community as well as secured access to The Capital Mall, a landmark internationally branded hotel contained within the tallest skyscraper in the region, and multiple AAA office towers (with three levels of basement parking)”,the promotional statement noted.
It is not clear when the project will be completed even as the patronage level is reported to be very low.