•Why Many Real Estate Players Are Going There
Do you know that land in Epe is selling like hot cake right now? Do you know that as you read this, there is a mad rush for land there, as real estate players and property developers are falling over ourselves to buy land to build houses and estates in Epe. That is why Epe has become the new residential and industrial hub in Lagos State. That is why a lot of real estate companies and property developers are scrambling for a piece of the action. They all want to own hectares of land to build on and to resell. Many land speculators have also moved in. They are buying large expanse of land and waiting for it to appreciate before they resell.
Why is there a lot of attention and focus on Epe? It is because of the various developmental projects going on in that area right now. So many people are investing in Epe because the area is being opened up by the Lagos State government for rapid development. The ongoing activities in the Lekki-Ajah axis has spilled into Epe. Both left and right as you drive into Epe, you will see new estates springing up there right now that is tailored to give smart investors, huge return on their investment.
The strategic location of many of these new estates, amidst developmental projections is helping and promises to give them over 100% ROI within the shortest possible time. There are so many landmark infrastructures there like Epe Resort, Yabatech Epe Campus, Atlantic Hall Schools and so on.
Epe is a town and local government area in Lagos State, located on the North side of Lekki Lagoon, Lekki Epe International Airport approved for development. At the recent Ehingbeti Economic Summit, the Federal Government gave Gov. Sanwo-Olu approval letter for the Lekki-Epe Airport. The federal approval is for Lagos State to embark on the development of a passenger and cargo airport on the Lekki Epe axis of the state. Lagos Government initiated the aviation project, through a Public Private Partnership (PPP) in response to the dizzying pace of development on the Lekki-Epe axis, which is now a fast-growing hub of Commerce and Industrial activities. The entire airport infrastructure will be sited on 3,500 hectares, with the first phase of the project estimated to cost $900 million.
Gov. Sanwo-Olu says the approval is another successful step forward in keeping the state on the path of irreversible economic prosperity. He said granting the licence for the airport project is a right step in the right direction. The real beneficiaries are the citizens and the businesses that will be using the infrastructure to activate move economic prosperity.
When Gov. Sanwo-Olu appeared on Channels TV recently he spoke about the rapid development going on in Epe. He likened the ongoing development in Epe to London. “Epe is like little London”, he says. “All the major roads in Epe are being fixed. The 6-lane highway that will set out from Eleko junction to Epe is befitting. Epe has been fully equipped. We are fixing the Phase 1, Phase 2 and Phase 3 of entire network of roads.” Hospitals are being opened Housing estates are being developed. Major, major arteries are done up. Right now, we are doing Braithwaite Road and Yakub road.
It was former governor, Akinwunmi Ambode who started the rapid expansion of Epe when he came in as Governor. He is from Epe and he decided to pay a lot of attention to infrastructural developments of Epe during his 4 years term. This is what Sanwo-Olu came in to build on.
