•City People Reveals The Big Developers Behind These Projects
Right now, there is a lot of activity going on in the Luxury/Premium segment of the real estate market in Nigeria, as more and more real estate firms are building Skycrappers to cater to the demand of the super-rich Nigerians who desire exquisitely finished luxury apartments and terraces.
Because of this increasing demand for super-luxury homes and apartments, many real estate developers are erecting structures that will cater to luxury living and ultra-luxury developments in Ikoyi, Parkview, Banana Island, Lekki, V.I. Extension, Oniru area and co. In this report, below, City People reveals all the goings-on in that segment and the key players there. For more enquiries send a WhatsApp message to 08033136066.
Have you driven round some of the major streets of Ikoyi, Victoria Island Annex, Lekki & Banana Island of late? If you have, you must have noticed all the highrises & Skyscrapers springing up on these major streets. In fact, if you take a look at the Skyline of these major areas, you will see some of these new Skyscrapers shooting up. You can’t miss them.
In Ikoyi, for instance, just drive through, Kingsway Road, Alexander and Bourdillon and you will see all the mega projects going on there right now.
Go to Banana Island and you will see all the Skyscrapers that will hit you both left and right, as you drive into that billionaire estate. At the Victoria Island Annex, go to Okunde Blue Water Zone area, Oniru Estate, Water Corporation road and see all those tall and gigantic structures.
If you go to Lekki area, from Lekki Phase 1, right to VGC, on that busy Lekki-Epe Expressway, if you look left and right you will see several new highrises springing up in the skyline. There is also massive real estate development going on in these areas, especially around the new waterfront between Lekki Phase 1 and Phase 2.
Some are official apartments, while others are residential.
City People visited all these sites recently and we were shocked at the pace & level of development going on there.
Have you also noticed that all the gigantic electronic Billboards in all these areas now run plenty adverts & promo of these new Skyscrapers? Check out the electronic billboard at the Lekki Toll Gate. There is the promo of Ice Towers at Banana Island. They are 4-bedroom super luxury maisonettes. There is also the advert of Iconia Heights by Horizon Estates which is currently offering a 3-Bedroom Apartment + Boys Quarters, at Off Admiralty Way, in Lekki Phase 1 with N14.99 million initial deposit or Pay N39.00 million (move-in-deposit).
There is also another property development company currently offering a 3-BedroomApartment+Boys Quarter, on Banana Island, Ikoyi for N49.99m initial deposit. There are others like Acacia Heights at Osborne Ikoyi and Pearl Waterfront, on Corporation Avenue going for N99.9 million. There is another real estate company that prides itself in offering what it calls The pinnacle of Luxury on Banana Island Skyland. It is a 3 bedroom+Boys Quarters going for N49,99 million.
There is also Rivande Apartments going for N49.9 million at initial deposit for a 3-bedroom apartment. There is another 3 bedroom apartment on Orchid Road, Lekki. As you read this, there is a Skyscrapper under construction owned by Mrs. Folorunso Alakija, on Kingsway Road meant for Office Development. It runs into several floors of office space. The main contractor is Julius Berger. It is being built for Day Spring Property Company Ltd.
There are also other Skyscrapers in Ikoyi. There is Skyvilla. There is Luxuria by The Address Homes. There is The Belmonte and The Vailze Bourdillon. There is GMH Luxury. There are about 4 Skyscrapers on Bourdillon road alone in Ikoyi. There is one striking highrise on the intersection between Oniru Street Junction and Bourdillon. There is another one at the intersection between Thompson Avenue & Bourdillon. There is Sisi Paris also on Bourdillon, in Ikoyi.
If you have noticed the springing up of many of these Skyscrapers and high rises, let’s quickly tell you that they are being built by some big property developers, who specialise in Premium luxury projects, for both Office & Residential use.
Not many know that the real estate industry today has become segmented. There is the Luxury segment or Luxury-Premium Segment, which offers exquisite apartments for about N300 million and above. Then, there is the Classic Segment, which offers apartments at the price of N60 million to N120 million. Then, there is the Affordable segment which goes for anything between N5 million to N20 million.
Let’s tell you about these real estate companies that specialise in ultra Luxury developments.
There is a real estate conglomerate called Palton Morgan Holdings. The GMD is Mr. Adeyinka Adesope It plays big in Real Estate. One of its subsidiaries is Grenadines Homes which plays in the luxury end of the market. It has a project everyone is talking about right now. It’s called SKYVILLA by Grenadines Homes.
It is a premium 4-bedroom G+2 condominium. Skyvilla offers a private enclave of luxury contemporary residences that define style of living, elegance and beauty. A unit of Skyvilla is a luxury home that sits on 3 floors with 4 bedrooms and 2 additional bedrooms as BQ (all rooms en-suite).
It is located at 26, Probyn Road, (Onisiwo Road) Ikoyi, Lagos. Each of the 24 apartments of the 2 towers offers great Comfort & Class Outright Purchase stars from N370 million.
The instalment Plan is 24 months. To Book, you can reserve your apartment today with 5% and complete your down payment of the remaining 15% within 20 days.
There is another one called Claren Villas by Grenadines Homes. It is all about an Extraordinary Lifestyle. Claren Villas by Grenadines Homes presents you with a signature address within the prestigious Ikoyi country.
Situated at the charming Lugard Avenue, every unit of Claren Villas four (4) bedroom semi-detached and detached houses offer you a private rooftop garden you can call your own sanctuary. It is all about a lifestyle of value and opulence. Semi-detached goes for N450 million and Detached House goes for N500 million. An instalment Plan can be spread over 12 months. The delivery period is 15 months.
There are real estate companies like Sir Olu Okeowo’s Gibraltar Construction Company, Chief Bisi Onasanya’s The Address Homes Ltd, Femi Osibona’s Fourscore Homes, Deluxe Residences Ltd, Grenadine Homes, Sujimoto Construction, Otunba Yemi Lawal’s Seagle Properties and Wale Ayilara’s Landway, to mention but a few.
Okeowo’s Gibraltar Construction Company Ltd primarily engages in the construction of beautiful residential and commercial properties around Park View in Ikoyi, Lagos.
Femi Osibona is doing well with his Fourscore Homes. He is one of the leading real estate developers in Lagos. About 2 years ago, he began on what he calls the 360 Degrees Towers, which is a combination of 3 highrise structures located on Gerald Road, Ikoyi, Lagos.
The Skyscrappers are refreshing different. He is constructing 3 sky scrappers of 15 floors each. What he is building is a 15-Floor strictly residential facility. The concept is to have serviced flats in the 3 towers and for residents to experience a stress-free lifestyle, complete with a hotel flair.
One of the projects trending right now is IME HEIGHTS, a residential development located in Ikoyi, Lagos. It is being developed by Foreshore Waters, Limited. It will join other developments in the area, including Signatoria, Raddisson Hotel, Ikoyi (formerly Chelsea Group Hotel) and TwinRock. It has 33 floors with an estimated value range of between $50 million-$100 million. The project was started in July 2021 and it will be completed in December 2023. It is located along Alexander Road, Ikoyi, Lagos.
There is also Eagle Heights Apartments at Oniru Estate, in Victoria Island. It promises to be the tallest residential Building in Oniru. They are 3 bedroom ensuite Apartments, each going for N75 million. The Skyscraper is owned by Seagle Property Development Company which plays big at Oniru Estate. The company is owned by Otunba Yemi Lawal, a big property player who presides over a flourishing property company which has developed so many residential apartments & terraces over the last 15 years in the Oniru area. He is currently working on a BIG project in Ikoyi.
Eagle Heights is a new development comprising 28 units of serviced apartments consisting of 24 units of Luxury 3-bedroom Ensuite Apartments with Maid’s room and 4 units of one-bedroom Ensuite Apartments. It is located at the serene 20 Jakande Crescent at Oniru Estate, V.I Lagos around The Palms Shopping Centre, Four Point Hotel and Oriental Hotel.
Also, if you have driven around Banana Island, Ikoyi, VI Extension & Lekki, you must have noticed very many estates in these neighbourhoods belonging to The Address Homes Ltd. This top of the range real estate firm has an impressive portfolio of estates it built. Address Homes is rated as one of the leading luxury real estate companies in these areas. The Address Homes Ltd is engaged in the acquisition, development and management of luxurious contemporary homes across Nigeria. Over the years, The Address Homes has earned a reputation for its consistent passion for delivering exceptional homes with high-class finishing.
Sujimoto is also doing well. The #400 million company is owned by Sijibomi Ogundele. It is currently promoting Leonardo By Sujimoto which will sit majestically in Banana Island at N60 million per apartment.
Sijibomi says, “with the Leonardo project we are giving our clients a rare opportunity to enjoy exceptional features such as Private IMAX Cinema for the Residents, indoor Virtual Golf where you can play on over 2,500 Golf courses in the world, Creche for the residents, (first of its kind), award-winning Zaha Hadid Bathroom. No hotel in the world has the quality of our bathrooms; designer kitchen by Kohlar, full home automation where you can control your door, certain, music, light and TV from the touch of a button, indoor Salon, Club House, Mini-Mart, Tennis Court, State of the Art Techno Gym, Infinity Swimming Pool, Squash, Badminton.
All these features at N60 million (30% deposit).
Sijibomi says “we are the best Real Estate Company in Nigeria. We are the number 1 Luxury real estate company”.
How about Kaizen Properties? Since its inception in 2007, the company has been aspiring to be the leading developer of high-end residential and commercial properties in Nigeria. It serves discerning buyers who value world-class design, quality and amenities. Its vision is to transform the perception of quality and luxury in real estate in Nigeria.
It has a premier project at No. 4 Bourdillon Road, Ikoyi, Lagos. It is the tallest Residential Building in Ikoyi, Lagos, Nigeria. The structure is a Twin Tower of 25 Floors containing 41 Units of 3- and 4-Bedroom Flats, 5 Bedroom Duplex Flats, and Triplex Penthouses.
Other features include lush greenery, water bodies, swimming pools, tennis court, Spa, gym and clubhouse, ample underground parking and breath-taking views with an overall 31000 Sqm of super built-up area under construction.
This project is being executed in partnership with a leading construction company, Elalan Construction of Nigeria, and the Joint Venture has been successful in establishing the new standards of high-end residential development in Lagos, Nigeria.
There is also Kuber Developers Ltd. located at 50A, Glover Road, Ikoyi, Lagos.
The site address is at The Belmonte, on Bourdillon Road, Ikoyi, Lagos.
Kuber has developed The Belmonte. The Belmonte blends together Space and Efficiency; Stone and Glass; in a distinctive world-class design to create an inspiration in luxury living, inside and out. The Belmonte residences offer you a remarkable choice of luxury apartments, duplex apartments and penthouses. Be it for the end-user or for real estate investment in the vibrant city of Lagos, The Belmonte gives you an unparallel choice. These are high-end apartments in Ikoyi with premium finishes, set within a highly secured tower.
There is also the Belmonte Prive Residences, styled by Christopher Guy, an award-winning internationally renowned designer. He is the founder and of the luxury furnishings brand, Christopher Guy.
The Christopher Guy “Look” can be described as a “contemporary mood with classic values”. Christopher Guy’s unique work is characterized by Elegance which forms the DNA of each design and is central to the philosophy of the brand.
The Belmonte Residence is as lavish as it gets. Each apartment at The Belmonte on Bourdillon Road, Ikoyi, is the signature of ultimate luxury. You’ll see attention to detail in every aspect, be it in the architectural finesse, or thoughtful space allocation. You are also treated to expanded views and a sense of openness at all times, with energy-efficient floor to ceiling windows and walk-in wardrobes. You can select a residence of your choice from 5 different unit typologies.
There is also a real estate firm called Joe Faraday Ltd. a Real Estate development firm driven with a deep-rooted passion for Excellence. It has been developing successful high-quality residential homes in Park View Estate, Onikoyi Foreshore and Banana Island, Ikoyi, Lagos since 2011.
“We specialize in adding value to complex, quality-driven and time-sensitive projects taking an individualised approach to each project while upholding our company-wide commitment to providing an exceptional customer experience” it explains.”Exceptional quality is ingrained in our company culture and it is an integral part of our mission of delivering an exceptional experience.
Let’s tell you about their Projects. They include THE WOODLANDS, a cluster of 1 to 3-bedroom flats, 4-bedroom Maisonettes and 5 & 6-bedroom Detached and Semi-Detached Houses.
FARADAY WATERFRONT, a cluster of 5-Bedroom Fully Detached Houses, 4-Bedroom Semi-Detached Houses, 4-Bedroom Maisonette and 3-Bedroom Flats.
There is PARK VIEW 3, a cluster of 3-Bedroom Luxury Apartments.
Luxury Apartments – BLOCK 3, PLOT 1, JOSHUA OKEOWO STREET, IKOYI, LAGOS, NIGERIA.
There is also Cadwell Limited, which was incorporated in October 2001 as a wholly indigenous real estate firm to be the market leader in the provision of super-luxury homes and apartments, while providing exceptional facility management services for same.
Over the years, it has built a strong reputation for providing some of the best real estates in Nigeria. It has to date embarked on numerous luxury lifestyle projects and has an impressive property portfolio all of which are located in Ikoyi and Victoria Island, Lagos. It understands the business of Luxury and believes that while maximizing return on investment, it does not encourage the overcrowding of space in order to stick to its tradition of an exclusive premium brand.
Their project, Cuddle by Cadwell is an 18-floor ultra-luxury residential development located at #8 Bourdillon, on the corner of Oniru and Bourdillon Road in Ikoyi – Lagos. It is Cadwell’s response to the new range of ‘ultra-luxury’ developments along the Bourdillon – Alexander – Gerrard Road stretch in Ikoyi.
Though it was conceptualized many years prior, construction commenced during Q4:2016 with Trevi on the foundation and Cappa & D’alberto as the Main Contractors. The tower, now on its 9th floor, has steadily emerged from behind its small showroom and is now visible from many parts of Ikoyi and Victoria Island. It is a few doors away from 4 Bourdillon, which is nearing completion and not too far from the Belmonte PRIV, which was recently topped out.
Though standing at a similar height to the 25-floor 4 Bourdillon project, Cuddle will have only 18 floors, a testament to the high ceilings that Cadwell is known for. The project will offer a selection of 3-4 bedroom flats and maisonettes from the 1st to the 8th floor and penthouses from the 11th to the 18th floor. The 9th floor is reserved for what Cadwell is calling a ‘Leisure Lane’ that will offer amenities such as a gym, sauna, clubhouse and more.
Designed by Pieach, one of Cadwell’s go-to consultants, Cuddle’s external facade follows the signature of Italian stone design and finish. Internally, however, the design team will incorporate an array of finish options, outlined as stated by the developer, to appeal to a wider market.
There is also Deluxe Residences, an urban real estate developer interest & management firm that focuses on luxury residential apartments. At present, DRL Portfolio includes small apartment buildings, high rise residential apartments, terraces/semi-detached homes, among others, on the Ikoyi-VI-Lekki axis of Lagos as well as high-end locations of major cities across the globe.
It builds high-rise serviced apartments, terraces, fully & semi-detached duplexes, mansions, and self-styled bungalows from start to finish-aesthetic finishing and makeover included.
It has a vision for new heights in luxury living. What stands it out is its opulent designs.
