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| Chief Anayo Nwosu |
Does
It Make Sense To Undertake Building Of Shopping Malls or Plaza At This Time? It
is prudent not to take a bank loan to build or complete a Shopping Mall or
Plaza outside an organised market at this time for the following reasons:
1.
Sequel to poor sales and net income, many shops are no longer renewing their
rents at the big shopping malls or plazas. Many have stylishly moved to
locations on the busy streets where they can pay lower rents. Shops with spaces
in front that can park 6 cars are a hot cake.
2.
Recall that the amount you charge or will charge as rent in your mall is meant
to repay your loan and return some value for your investment. This would be a
pipe dream and messy if the target clients are running away from costs to where
they can get cheaper alternatives.
3. The
increasing shift of the market place to the internet and the successful sales
performances of online businesses is making physical locations unattractive.
Was it not on Facebook that I rented my house and sold two of my used cars? It
works like magic.
4.
Investment in warehouses to be used by online businesses seems more lucrative
now but the warehouse must be easily accessible.
Instead
of undertaking on giant shopping mall project with borrowed money with interest
payment implications, why not go into DOWNSTREAM REAL ESTATE? That is my next
topic if I get about 400 likes for this post.
Anayo Nwosu
Ikenga
Ezenwegbu
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