5 Most Expensive Buildings in Lagos Nigeria
Lagos is the commercial capital of Nigeria. It houses some of the most expensive buildings in the country. These buildings are characterised by their luxury features, prime locations, and high-end amenities.
These expensive buildings are a testament to the growing affluence and sophistication of the Nigerian economy. They also represent the luxury that the commercial city offers to business moguls who frequent and reside in the city. Five of them include:
Unveiled by the former governor of Lagos State, Akinwunmi Ambode, Eko Pearl Towers is a luxurious residential skyscraper located in the prestigious Eko Atlantic City. The building is made up of five towers, each standing 24 floors tall, and contains a total of 480 residential units. These five towers are named after impressive pearls: Aqua, Indigo, Champagne, White, and Black Pearls
Eko Pearl Towers
Facilities at Eko Pearl Towers include a swimming pool, a fitness center, two tennis courts, a squash court, a children’s playground, landscaped paths and sitting areas, an open-air bar, a well-equipped gym, and a 24-hour concierge service. The building is estimated to be worth over $150 million. It is privately owned and developed by the Eko Pearl Construction Company. The building is a turn-on for foreign investors and creates employment opportunities for Nigeria.
Lagos Oriental Hotel
Lagos Oriental Hotel is a five-star hotel located in the affluent Victoria Island neighbourhood. The hotel features 84 luxury suites, as well as several high-end restaurants, bars, and lounges. The functional waterfront hotel with Asian furnishing boast of over 170 rooms, which offer enchanting views of the Lagos Lagoon and occupies a 4,734 square metre land area. Reports say that the WEMCO group owns 99 per cent of the shares of the hotels.
The hotel has an outdoor pool and barbecue, a fitness center, a terrace, and free Wifi. Lagos Oriental Hotel was completed in 2011.
Civic Centre Tower
Civic Centre Tower is a 15-story office building located in the heart of Victoria Island. It is located at Victoria Island, Lagos – Ozumba Mbadiwe Road. It boasts 8,096 sqm of Lettable Office Space.
The building is surrounded by many amenities including the Civic Centre, Oriental Hotel, a Helipad, Radisson Blu Hotel, Four Points Hotel, a Jetty, and The Wings. Civic Centre Tower was completed in 2015.
The developer, Quantum Luxury Properties (QLP) which Jim Ovia chairs, is a real estate investment company focused on making proprietary real estate investments in West Africa.
Kings Tower (Formerly Kingsway Tower)
Kings Tower is a mixed-use development located on the corner of Glover Road and Alfred Rewane Road (formerly Kingsway Road). The building was completed in the first quarter of 2019. The developer of the project is Sky View Towers Limited.
The building features luxury apartments, twelve floors of office space, and high-end retail stores. It sits on 14,827 SQM and has been described as a striking office building in a busy commercial area. Other features at Kingsway Tower include parking for 343 cars, two rental units based on the ground floor of the building, and spanning across two levels are available as a restaurant and cafe with a terrace. It was completed in 2019.
Nestoil Tower is a 15-story office building located on Victoria Island. It is situated between two major business districts (Akin Adesola Street and Saka Tinubu Street). The building is home to several multinational companies and features several amenities, including a conference center, a fitness center, and a rooftop lounge.
Nestoil Tower sits on a land size of 3900 sqm. It has a high-performing Façade (Thermal and acoustic), state of the art Gym, disabled facilities, a central canteen facility, automated access control, etc. It is the first development in West Africa to attain the Leadership in Energy and Environmental Design (LEED) certifications. It was completed in 2016.
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