Investment Corner
Grand Towers is seeking institutional and venture capital partners to accelerate the Group’s expansion aspirations and utilisation of our strategic land holdings.Grand Towers will formulate funding and shareholding models to suit each individual project and investor.
Read MoreOur Mission
To roll out best in class Boutique Hotels, Shopping Malls and other developments and investment opportunities throughout Nigeria, built on our core values of excellence, delivery and integrity.
Read MoreChart of percentage holdings
Service, innovation and technology so we can achieve superior returns and grow earnings for shareholders and linked unit holders...
Read MoreWelcome to Grand Towers
Grand Towers Plc is a leading holding company privately owned and incorporated in December 2003. Since our inception Grand Towers Plc has invested in a wide range of high growth potential businesses including pension, banking, retail, communications, hospitality, IT and software. We take advantage of investment opportunities within Nigeria and West Africa, specifically within niche and growth sector markets and industries.
Grand Towers is dedicated to creating value to its stake holders by creating a well diversified and balanced global portfolio across various asset classes and geographies to generate long term growth
GT Press Releases
Press Releases
Nigeria’s Grand Towers signs partnership deal in S’Africa
By Nduka Chiejina 31/07/2011 00:00:00
Nelson Mandela Bay based tourism group, Mantis Collection, has announced an expansion into West Africa with a landmark multimillion dollar deal signed in Port Elizabeth, South Africa, to roll out a chain of Boutique hotels in Nigeria.
Mantis founder Adrian Gardiner signed the deal with Nigerian entrepreneur, Nze Chidi Duru, the chairman of Abuja-based Grand Towers. The Nigerian company has interests in pension, banking, retail, communications, IT and hospitality sectors.Under the new deal, Mantis is contracted to advise its partners, Grand Towers through this process and will also be managing and marketing the hotels as well doing some joint development work.
Senior Mantis employee Laurie Ward, is due to arrive Nigerian soon to take up his post as Chief Operating Officer of the project. There are possibilities for rolling the model even beyond Nigeria to elsewhere in West Africa like Gambia and Gabon.
Nze Duru described the deal as an exciting venture, stressing that Grand Tower "could have looked anywhere in the world for a partner but we wanted Mantis." The Hotel is set to be opened in December 2011.
The Boutique hotels would be 5 star affairs, but with emphasis on intimacy, environmental conservation and ethics as pioneered by Mantis in South Africa which has helped shaped tourism enterprises around the world from Rwanda to England, France, Sweden and Antarctica. When completed, all the hotels would be powered by green energy, water and waste management practices and eco-friendly products.
Gradiner was noted to have been hugely impressed by Duru’s presentation when he and his partner, Mr. Frank Nweke Jr, who is also the Director of the Nigerian Economic Summit Group tracked him down in Port Alfred both of whom he said changed his perception of Nigeria totally.
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Press Releases
South African Envoy lauds Grand Tower’s initiative
By Sunday Ojeme, Abuja Friday, 12 Aug 2011
South African High Commissioner to Nigeria, Mr. Kingsley Mamabolo, has commended the efforts of Grand Towers management for adding value to the Nigerian economy, especially with the construction of an ultra-modern shopping mall in Abuja.
The high commissioner, who took a tour of the project in company with his country‘s Economic Counsellor, Mr. Nicholas Coleman, said, “We are delighted with this development as it demonstrates the ongoing trend towards strengthening the bi-national commitment between Nigeria and South Africa.”
A statement by the Organization quoted the Chairman of Grand Towers, Nze Chidi Duru, as saying that the project was conceived to enhance the lifestyle of shoppers in Nigeria since it was obvious that very few internationally styled and supported retail malls existed in the country. He added that Grand Towers would like to position itself as the market leader in this regard.
The mall is scheduled to open for business early 2012, with anchor tenant, Shoprite, and a mix of Nigerian and international patrons supporting the numerous associated line shops.
The statement noted, “Grand Towers has acquired and secured additional sites in Lagos, Abuja and other state capitals throughout the country. The malls will bring employment during both the construction phase as well as the consequential staffing of shops. ”Pivotal in the developments will be the transfer of skills as Nigerian professionals partner with their South African counterparts on the building sites.”
The mall will consist of 8,900 meter square of retail floor space, 400 parking spaces and offer over 43 shops and restaurants.
In addition to Shoprite, the mall will house other South African franchises, including Kentucky Fried Chicken, Steers, Pep Stores, MTN and Stanbic Bank.
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