Lagos State Government raises N85bn in Bond Issuance to Fund Infrastructure Projects

Lagos State Government raises N85bn in Bond Issuance to Fund Infrastructure Projects

The Lagos State Government has announced the closure of the N85,140,000,000 Series 2 Bond Issuance geared towards improving the physical and social infrastructure in the State. Commissioner for Finance, Mr. Akinyemi Ashade in a statement, said the Bond was issued in two tranches of N46,370,000,000 16.75% Tranche 1 maturing August 2024 and the N38,770,000,000 17.25% Tranche […]

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Oakwood Residences, Cooper/Femi Okunnu Road, Ikoyi – Lagos

Oakwood Residences, Cooper/Femi Okunnu Road, Ikoyi – Lagos

Name: Oakwood Residences; Developer: Heroes Properties Limited; Location: Cooper/Femi Okunnu Road, Ikoyi; Floors: 7; Use: Residential; Contractor: H.F.P Engineering Limited; Architect: Amarch Consultants; Structural Engineers: Builders Optimal Module (BOM) Associates; Mechanical and Electrical Engineers: Q-Tech Engineering Limited; Quantity Surveyors: Folamak Partnership; Interior Design and Finishing: SIL Design and Build. The Oakwood Residences is a 7 floor twin tower residential development located on Cooper/Femi Okunnu Road but also […]

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Development: Eko Tower II, Victoria Island – Lagos

Development: Eko Tower II, Victoria Island – Lagos

Name: Eko Towers II; Location: Adetokunbo Ademola Street, Victoria Island – Lagos; Floors: 27; Contractor: Cobel Construction; Architects: Enia Architects; Client: Eko Hotels Limited; Use: Mixed (Medical and Social Centre, Guesthouse, Accommodation unit, Restaurants and Bars, Conference Centre). The Eko Towers II is a 27 floor mixed use development at the Adetokunbo Ademola Street Roundabout (Eko Hotel Roundabout) in […]

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Development: Chelsea Group Hotel, Ikoyi – Lagos

Development: Chelsea Group Hotel, Ikoyi – Lagos

Name: Chelsea Hotel Ikoyi; Location: Intersection of Alfred Rewane (Kingsway), Gerrard and Osborne Road in Ikoyi; Developer: Chelsea Group; Use: Hospitality; Rooms: 160 rooms; Cost: $25m; Amenities: Health club, restaurant, business centre, retail, spa, swimming pool, pool bars. The Chelsea Hotel Ikoyi is a 160-room hotel located at the intersection of Alfred Rewane (Kingsway), Gerrard and Osborne Road […]

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Development: 5 Floor Office Project, Admiralty Way – Lekki Phase 1

Development: 5 Floor Office Project, Admiralty Way – Lekki Phase 1

Name: 5 Floor Office Development; Location: Admiralty Way, Lekki Phase 1 – Lagos; Contractor: Ratcon Construction; Architect: Tektonik Associates Ltd; Size: NA; Floors: 5; Structural Engineer: Towa Associates; Expected Completion: Not Specified. Construction activity is rapidly picking up on the increasingly commercial Admiralty Way Axis in Lekki Phase 1 and this 5-floor (6 storey) office […]

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