THE RISING RESIDENTIAL TOWERS OF LAGOS

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Teresa Lane
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1 Post-independence the Lagos Island skyline has been gradually undergoing transformation with the construction of high-rise structures across various parts of the city albeit mostly commercial buildings. However, that trend soon moved into the residential sector in sub-locations like i.e. Victoria Island and Ikoyi with the former being the birthplace of the early set of high rise residential towers in the city such as Eko Court Complex located on Kofo Abayomi and Adeola Odeku and the popular One Thousand and Four Towers or simply put 1G4 Towers on Ozumba Mbadiwe. The latter was built in 1979 by the Federal Government of Nigeria to serve as the official residences of the Senate and members of the House of Representatives and was subsequently occupied by senior federal civil servants. These two projects laid the foundations and ultimately paved the way for future developments of high rise residential towers as private real estate developers were inspired to replicate the model and add some touch of glamour and appeal to it. The proliferation of both high rise residential and commercial structures is now a common sight across Lagos Island and the skyline in this part of the city offers a panoramic view that often captures one s breath at the beauty of the city especially in the late hours of the day when the lights from these buildings come to life and the city s aerial landscape is completely transformed with dots of light that glitters across the skyline and is reminiscent of places like New York or London. Suffice to say is that the Lagos Island residential market is now synonymous with the term luxury as it is now accustomed to the presence of luxurious high rise residential buildings that litter every nook and cranny of this exclusive location and are targeted at the elite. In this article, we shall be profiling the top ten high rise residential towers that are currently underconstruction or in the development pipeline that when completed will add more spark to the everchanging Lagos skyline. Please note that this article has not been sponsored by any of the companies responsible for these developments. This is strictly Residential Auctions Company research material and does not form recommendation or endorsement of any of the listed buildings. The top ten residential towers in no chronological order are as follows. Seattle Court Eden Heights Atlantic Beach Resort Infinite Tower / 4 Bourdillon Road Eko Energy Estate Ramzi Towers Coral (Hotel Apartments) The Mandarin Lorenzo Eko Pearl Towers

1. Seattle Court Seattle Court is a 6 floors prime residential water front development located in the diplomatic enclave of Walter Carrington off Ozumba Mbadiwe, Victoria Island and is surrounded by

2 1. Seattle Court Seattle Court is a 6 floors prime residential water front development located in the diplomatic enclave of Walter Carrington off Ozumba Mbadiwe, Victoria Island and is surrounded by foreign consular offices. It is directly adjacent to the Indian Consulate Office. Seattle Court consists of 24 units of luxury Three (3) bedroom apartments which is made up of 20 Three (3) bedroom executive apartments and Four (4) pent house apartments on a built-up area of 8,300 sq.m. Each apartment unit will give future residents the chance to enjoy the beautiful scenery and views of the Lagos Lagoon, 5 Cowrie Creek and Queens Drive, Ikoyi from the comfort of their homes. Source: EMMS UF-A CONSULTANTS Private Jetty Gymnasium Rooftop Terrace/Bar Security Post Construction on this project commenced in 2013 and it is expected to be fully delivered in The development manager for the project is Avante Asset Property Management and the architectural design was inspired by ECAD Architects.

2. Eden Heights Eden Heights is a 15 floors residential development which was conceived as an ultra-luxury apartment complex offering top class amenities and facilities that is unrivalled.

3 2. Eden Heights Eden Heights is a 15 floors residential development which was conceived as an ultra-luxury apartment complex offering top class amenities and facilities that is unrivalled. It is located on Elsie Femi Pearse off Adeola Odeku, Victoria Island. This development comprises a total of 27 apartment units that includes 18 units of Three (3) bedroom apartments and 9 units of Four (4) bedroom penthouses (all rooms en-suite). This development offers concierge services to serve the needs of future residents with its appealing technological and amazing features. It also offers exciting and thrilling views of the city. Source: Fine and Country Nigeria Alternative Power Supply Gymnasium / Spa Children s Recreational Area Meeting rooms / Business Centre Club Lounge Construction works on this development has been going on for the last three and a half years and it is expected to be fully delivered in Eden Heights was designed by Design Union and I.T.B Nigeria Limited is the project contractor. Its currently being marketed exclusively by Fine and Country Nigeria.

4 3. Atlantic Business & Residential Resort The Atlantic Resort is a mixed-use development with a mix of residential, office and retail elements. It is located on Water Corporation Drive, Off Ligali Ayorinde, Victoria Island. The residential tower will consist of two blocks of 12 and 16 floors respectively and 124 units of One (1) bedroom, Two (2) bedroom apartments and Three (3) bedroom maisonettes offering scintillating and picturesque views of the Atlantic Ocean and Eko Atlantic City. Atlantic Resort is poised to be an iconic destination for work, live and play in Africa a symbol of excellence. Source: The Grenadines Homes Un-interrupted Power Supply Gymnasium Children s Play Area Lawn Tennis Court Security Manned Lobby Fire Alarm System / Sprinklers Video-Entry Phones / Intercom Systems Preliminary construction plans are currently underway and is expected to be fully delivered in 2018/19. The developer is The Grenadines Homes a member of the McPalton Holdings. It The architectural design was conceptualized by the UK arm of HOK, the largest Architectural & Engineering firm in America working in conjunction with ECAD architects.

4. Infinite Towers / 4 Bourdillon Road The Infinite Towers or 4 Bourdillon Road is a 25 floors skyscraper of twin towers that reaches into the Lagos skyline.

5 4. Infinite Towers / 4 Bourdillon Road The Infinite Towers or 4 Bourdillon Road is a 25 floors skyscraper of twin towers that reaches into the Lagos skyline. It is located on one of the most prestigious addresses in Ikoyi, Bourdillon Road. The Infinite Towers will consist of 41 Units of Three (3) and Four (4) Bedroom flats and Five (5) bedroom duplex flats and duplex penthouses. Infinite Towers is set to raise the standards in the construction of luxury high rise residential structures and is set to be the tallest residential building on the shores of Lagos. The concept behind this iconic edifice by its promoters is to be the leading and architectural design landmark in Nigeria. Source: 4bourdillon.com Alternative Power Supply Lush Greenery Gymnasium International Size Tennis Court Club House Ample Underground Parking Manned Security Post Construction works has commenced and is scheduled to be delivered and ready for occupancy in The developer is Kaizen Properties (a member of the TGI Group). EL-ALAN Construction Company (Nigeria) Limited is the project contractor.

5. Eko Energy Estate Eko Energy Estate is a premium residential neighbourhood that will cover approximately 450,000 square meters and it is projected that by the full completion of Eko Energy Estate

6 5. Eko Energy Estate Eko Energy Estate is a premium residential neighbourhood that will cover approximately 450,000 square meters and it is projected that by the full completion of Eko Energy Estate there will be circa 5,000 apartments in residential towers. It is in the North-Western corner of Eko Atlantic City a new district directly across Victoria Island. This development has been carefully conceived by its planners to provide an unrivaled living experience to future residents with residential towers that adapt easily to client requests to create custom apartments coupled with integrated recreational and service facilities, spectacular views, guaranteed infrastructure and state of the art security. Source: Prodeco / Pool Bar Tennis Courts Landscaped Garden Children s Recreational Area and Playground Roof terraces with 6 Sky Bars and BBQs Ample Car Parking Spaces Construction works already commenced and the first phase of Eko Energy Estate will consist of 3 high rise 20 floors residential towers that will provide about 260 apartment units of various number of bedrooms and is expected to be delivered by The developer is Orlean Invest West Africa. Prodeco is the project contractor.

6. Ramzi Towers Ramzi Towers is an 18 floors residential development designed to give 360 degree panoramic views with stunning vistas from 5 Cowries Creek, Marina Central Business District, Gulf of

7 6. Ramzi Towers Ramzi Towers is an 18 floors residential development designed to give 360 degree panoramic views with stunning vistas from 5 Cowries Creek, Marina Central Business District, Gulf of Guinea to the Atlantic Ocean 1. This unique masterpiece is located at Fabac Close in the heart of Victoria Island. Ramzi Towers will consist of 22 units of Three (3) and Four (4) bedroom apartments and Four (4) duplex penthouses. Each apartment unit has been thoughtfully conceived and designed by its architects to provide open plan living with a centrally located kitchen that forms the hub of spacious common area anchors each apartment. A key attribute of Ramzi Towers is that its planners have utilized innovative concrete technology to make the building environmental friendly. Source: Spark Architects Alternative Power Gymnasium Rooftop Terrace Construction works is currently on-going on site. The developer is Athena Capital Limited. The architectural design firm is Spark Architects and Deux Project Nigeria Limited is the contractor. 1 Ramzi Towers Info Memo

7. Coral (Hotel Apartments) The Coral is a 17 floors stunning, thoughtfully designed, high specification beachfront residential development with unrivalled elegance.

8 7. Coral (Hotel Apartments) The Coral is a 17 floors stunning, thoughtfully designed, high specification beachfront residential development with unrivalled elegance. It is located right next to the Atlantic Resort on Water Corporation Drive, Off Ligali Ayorinde, Victoria Island. The Coral comprises of 112 units of Two (2) bedroom hotel apartments and each apartment unit features all rooms en-suite, a spacious living room, a dining section, a box room/store, spacious lobby, kitchen and a maid s room. The architects have created a development which connects with its surroundings, offering views across the city landscape, the Atlantic Ocean and Eko Atlantic City. Source: The Grenadines Homes Uninterrupted Power Supply Gymnasium Children s Play Area Multi-Purpose Court Open Space/Sitting Area Concierge Construction work is set to commence in 2017 and is expected to be delivered by The developer is Grenadines Homes.

9 8. The Mandarin The Mandarin is an exquisite 6 floors luxury residential development that exudes modern elegance and luxury. It is located on Adebisi Omotola Street, Off Ajose Adeogun, Victoria Island. The Mandarin consists a total of 32 units that includes 4 units of studio apartments, 11 units of Two (2) bedroom apartments, 2 units of Two (2) bedroom maisonettes, 9 units of (3) bedroom apartments and 4 units of Four (4) bedroom maisonettes. The Mandarin provides an all-in-one living experience that fosters great living, learning, growth, social interaction and welfare. Source: Orangeline Limited 24 Hour Power Supply Water Treatment Plant Health / Fitness Club Luxurious Concierge Area (Adult and Children) Pool Bar Professional Landscaping Facilities Management Office Construction works commenced in 2015 and is scheduled to be delivered in This development is a joint-venture Public Private Partnership (PPP) agreement between Lagos State Development Corporation (LSDPC) and Orangeline Limited.

10 9. Lorenzo The Lorenzo is a 25 floors ultra-contemporary residential development to berth in one of the prestigious addresses in Lagos. It is set in the heart of Ikoyi on the exclusive Bourdillon Road. The development has been conceived in a style of hotel apartments so future residents can enjoy the services and facilities of a 5-star hotel. The Lorenzo consists of 57 units of a various blend of different house types ranging from apartments, penthouse apartments and villas across different room sizes. The Lorenzo has been conceived by its planners to be the epitome of luxury high rise residential buildings with its aesthetic design to appeal to those with discerning taste. Source: urbanlifeng.com 24 Hour Uninterrupted Power Supply Fully Automated Living Gymnasium Sports Centre and Resident Club House Construction works has commenced on site and is scheduled to be delivered in The developer is Sujimoto Limited.

10. Eko Pearl Towers Eko Pearl Towers is a delightful collection of high rise residential towers with each tower having 24 floors. It is sited in the centre on the harbour of Eko Atlantic City.

11 10. Eko Pearl Towers Eko Pearl Towers is a delightful collection of high rise residential towers with each tower having 24 floors. It is sited in the centre on the harbour of Eko Atlantic City. Eko Pearl Tower comprises of five stunning towers which include; White Pearl Tower, Black Pearl Tower, Indigo Pearl Tower, Champagne Pearl Tower and Aqua Pearl Tower. Each tower exhibits its own identity and colour, highlighting the slight difference in their design. Each floor of the towers offers 2 units of Three (3) Bedroom apartments and 2 units of Two (2) bedroom apartments 2. In total the towers will provide just slightly over 560 apartment units with amazing views of the Atlantic Ocean, Victoria Island and Lagos Island Central Business District (CBD). Source: Estate Links Tennis Courts Squash Court Children s Recreational Area Landscaped Paths and Sitting Areas Open-air Bar Construction works commenced a few years ago and the first block of tower, Eko Black Pearl Tower is expected to be delivered in The developer of Eko Pearl Towers is ESLA International. 2 Estate Links:

12 Important Note Finally, in accordance with our normal practice, we would state that this report is for general informative purposes only and does not constitute a formal valuation, appraisal or recommendation. It may not be published, reproduced or quoted in part or in whole, nor may it be used as a basis for any contract, prospectus, agreement or other document without prior consent, which will not be unreasonably withheld. Our findings are based on the assumptions given. As is customary with market studies, our findings should be regarded as valid for a limited period and should be subject to examination at regular intervals. Whilst every effort has been made to ensure that the data contained in it is correct, no responsibility can be taken for omissions or erroneous data provided by a third party or due to information being unavailable or inaccessible during the research period. The estimates and conclusions contained in this report have been conscientiously prepared in the light of our experience in the property market and information that we were able to collect, but their accuracy is in no way guaranteed. Contact For further information on this report please contact: Omorotimi Akinlose Managing Director Mobile: rotimi.akinlose@rac.com.ng

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