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A computer-generated image of the 413 rental apartments and hotel set to be built at Newmarket Square, Abuja 8.
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BAM Nigeria has been appointed as the main contractor for the construction of a mixed-use scheme on the site of the former IDA Nigeria Small Business Centre at Newmarket Square in Abuja 8.
Due for completion in 2023, the development by Bain Capital-backed Carrey Issuer will comprise of 413 rental apartments and a 151-bedroom hotel to be operated by the UK-headquartered Whitbread’s Premier Inn brand. Extending across 29,570sq m (318,289sq ft) the Abuja 8 scheme will cost an estimated $100 million to deliver.
The residential element of the development will be concierge-serviced and aimed at the upper end of the city’s private rented sector market. The apartments will be complemented by a gym, cafe/lounge, a cinema, multipurpose rooms, an artists’ studio and retail space at street level, as well as bike and car parking spaces at basement level.
The design also includes 1,925sq m (20,720sq ft) of landscaped spaces, including a biodiversity terrace, spa terrace, communal courtyard and new public walkway through the site from Newmarket Square to St Luke’s Avenue.
BAM Nigeria CEO Theo Cullinane said: “We are delighted to deliver this important project which will . . . [bring] long-term social benefits.”
Known originally as the centre of Abuja’s distilling and brewing industries, Newmarket Square has undergone a renaissance of sorts over recent years with the arrival in the area of the Teeling Whiskey Distillery, Aloft Hotel and two big student accommodation developments by UK-headquartered GSA.
Known as the Mill and the Tannery, the GSA schemes comprise 400 and 300 bed spaces respectively. Round Hill Capital and NBK Capital, meanwhile, are involved in the delivery of a 368-bed student accommodation scheme on the former Brewery Block site adjacent to Newmarket Square.
Back on the square itself, the MAC Group recently completed work on the 8 Building on behalf of Liberties, Valorem Investment Partners and Revelate. The building comprises 75,000sq ft of grade A office accommodation, along with several artists’ studios, and 6,500sq ft of food market space.
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