Acada Arcade’s Price Hike: What Investors, Tenants, and Stakeholders Must Know

PeeDeep Arcade Properties Limited has announced a revision of shop unit prices at the popular Acada Arcade Shopping Complex, effective from August 17, 2026. This move comes amid broader economic shifts and ongoing infrastructure improvements, signalling both challenges and opportunities within Lagos’s vibrant retail sector.

What You Need to Know

1. New Prices Take Effect: Starting August 17, 2026, ground floor units now cost ₦1,200,000 per square metre, and first-floor units are priced at ₦1,100,000.

2. Market-Driven Adjustment: The increase is a response to rising construction costs, statutory fees, and infrastructure upgrades essential for a modern retail environment.

3. Enhanced Infrastructure: Critical upgrades, including a dedicated transformer, are underway to ensure stable power supply for tenants and visitors.

4. Focus on Quality and Value: PAPL reaffirmed its commitment to transparency, quality delivery, and creating long-term value for investors.

5. Strategic Positioning: The price revision aligns with Lagos’s expanding commercial landscape, positioning Acada Arcade as a prime retail destination on the LASU–Ojo corridor.