PeeDeep Arcade Adjusts Prices at Acada Arcade Shopping Complex Amid Market Changes

PeeDeep Arcade Properties Limited (PAPL) has announced a revision of the sales prices per square meter for shop units at the flagship Acada Arcade Shopping Complex, strategically located along the LASU–Ojo axis in Lagos. The new pricing takes effect from August 17, 2026, reflecting ongoing developments within the project and broader economic factors impacting the real estate sector.

The decision to adjust prices is driven by current economic realities, including escalating construction costs, statutory charges, and the accelerated infrastructure upgrades necessary to establish a modern, sustainable commercial hub. PAPL remains committed to delivering value to its investors and stakeholders, ensuring that the development continues to meet the highest standards of quality and operational efficiency.

Updated Price Structure:

– Ground Floor Shop Units: ₦1,200,000 per square meter
– First Floor Shop Units: ₦1,100,000 per square meter

These prices are inclusive of all development costs and reflect the enhanced scope of infrastructure investments at Acada Arcade. Notably, the ongoing transformation includes critical infrastructure upgrades, such as the installation of a dedicated transformer, aimed at providing a reliable and stable power supply—an essential component for thriving retail businesses within the complex.

PeeDeep Arcade Properties Limited expresses gratitude to its subscribers, investors, and stakeholders for their continued patience, understanding, and confidence. The company reaffirms its unwavering commitment to transparency, quality delivery, and long-term value creation, positioning Acada Arcade as a premier commercial destination in Lagos’s rapidly growing retail landscape.