THE RISING RESIDENTIAL TOWERS OF LAGOS - Estate Intel€¦ · THE RISING RESIDENTIAL TOWERS OF LAGOS 3. Atlantic Business & Residential Resort The Atlantic Resort is a mixed-use development

THE RISING RESIDENTIAL TOWERS OF LAGOS

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 under-

construction or in the development pipeline that when completed will add more spark to the ever-

changing 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 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

It offers the following facilities:

Private Jetty

Gymnasium

Swimming Pool

Rooftop Terrace/Bar

Security Post

Construction on this project commenced in 2013 and it is expected to be fully delivered in 2016.

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. 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

Swimming Pool

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 2016. 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.


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

Swimming Pool

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. 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

Swimming Pool

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

2017. 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 there will be

circa 5,000 apartments in 50 – 60 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


Swimming Pool / 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 2018. 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 Guinea

to the Atlantic Ocean1. 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

Swimming Pool

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. 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

Swimming Pool

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 2019. The

developer is Grenadines Homes.


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

Swimming Pool (Adult and Children)

Pool Bar

Professional Landscaping

Facilities Management Office

Construction works commenced in 2015 and is scheduled to be delivered in 2018. This

development is a joint-venture Public Private Partnership (PPP) agreement between Lagos State

Development Corporation (LSDPC) and Orangeline Limited.


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

Swimming Pool

Gymnasium

Sports Centre and Resident Club House

Construction works has commenced on site and is scheduled to be delivered in 2017. 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. 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 apartments2. 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


Swimming Pool 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 2016. The developer of Eko Pearl Towers is ESLA International.

2Estate Links: http://www.estatelinks.net/eko-pearl-towers/


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: +2347082276528

E-mail: [email protected]

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THE RISING RESIDENTIAL TOWERS OF LAGOS - Estate Intel€¦ · THE RISING RESIDENTIAL TOWERS OF LAGOS 3. Atlantic Business & Residential Resort The Atlantic Resort is a mixed-use development