FUTURE LAGOS | Development Updates

Hard Rock Cafe is coming to Lagos!

The Hard Rock Cafe, a chain of American Rock ‘n’ Roll themed restaurants and casinos that is headquartered in Orlando, Florida will be in Nigeria soon. Landmark Africa has explained that the new restaurant will be part their mixed use development project in Victoria Island, Lagos called Landmark Village. The development will include Grade A office space (which is nearing completion), 2 luxury apartment blocks, a 5-Star Hotel, Helipad, Convenience Center, Retail outlets, Leisure and Recreational facilities as well as 1000+ parking spaces.

HOK to Design Atlantic Resort in Nigeria

Hok has been appointed to design Atlantic Resort, a mixed-used development situated on 35,000 square meters of oceanfront in Victoria Island, Lagos, Nigeria.The project will feature luxury residential apartments, retail office space and a five-star hotel.

“Barry Hughes, senior vice president at HOK, said his team was excited about the project, stressing that the project will hopefully bring a slightly different design element in the market.

“‘Certain facilities attached to the hotel will also be beneficial to the residents,’ Hughes said. The groundbreaking event of the project is expected to happen in 2016.”

Source: HOK

Marriott Lagos Waterfront Hotel

Ozumba Mbadiwe, Victoria Island will soon be christened ‘Hotel Row’, if developers have anything to do with it. This major Lagos thoroughfare already houses the Radisson Blu Anchorage and the Oriental Hotel (plus its soon to be completed extension). Across from the Oriental, is the Four Points by Sheraton, just off Ozumba Mbadiwe. There is also the B-Jay’s Hotel still sitting pretty, after over 20 years in operation. And if all goes well, the Marriott Lagos Waterfront will become the latest addition to Lagos’ Hotel Row. This will be the first Marriott-branded hotel in Nigeria, and one of the first in sub-Saharan Africa – it looks like Marriott Kigali will have the honor of being the first.

Read here (linked): http://www.estateintel.com/marriott-lagos-waterfront-hotel/

Rendering source: G1 Architecture

Arial Photograph source: Devesh Uba

Video: https://www.youtube.com/watch?v=CLGpASF0BwM&feature=youtu.be

South African Investor Acquires 37.1% in The Wings Office Towers

Earlier this month, a South African property investment and development company named Pivotal entered into an MOU to acquire a 37.1% shareholding in the $104 Wings Towers office development in Victoria Island, Lagos. Pivotal will join Oando and RMB Westport as a new joint venture partner for this development, which intends to bring in 27,000 sq. m of prime office space to Lagos’ office market in Q2 2016.

Read here (linked): http://www.estateintel.com/south-african-investor-acquires-37-1-in-the-wings/#comment-1021

Images Source: RMB Westport

Lagos Urban Rail Network (LURN)

The blue line, the only part of the Lagos Urban Rail Network (LURN) under construction, has made headway. The 27.5km Blue Line being constructed by the China Civil Engineering Construction Corporation (CCECC) will run from Marina to Okokomaiko, with 13 stations. Four of the stations – Mile 2, Alaba, Orile and Costain – and the rail line in between, have been completed while a fifth one to Marina is currently ongoing, spanning about 13 kilometres. Therefore, the first phase of the Blue Line has been completed from Mile 2 to National Theatre, and work is ongoing on the second phase from National Theatre to Marina across the Lagoon.

Read the full article

A light rail track is seen under construction as it stretches through the Orile-Iganmu district of Lagos

Source: Oman Observer

Tolaram Port @ Lekki

Lekki Port LFTZ Enterprise (LPLE) and International Container Terminal Services, Inc. (ICTSI) have signed a Memorandum of Understanding (MoU) for the operation of the container terminal of Tolaram Port @ Lekki. Slated for completion by 2016, this project is promoted by the Tolaram Group in partnership with the Nigerian Ports Authority (NPA) and the Lagos State Government (LASG). ICTSI will equip and operate the container terminal on an exclusive basis for a 20 year period.

Tolaram Port @ Lekki is set within the Lagos Free Trade Zone and is strategically located 65km east of Lagos. It will comprise of a container terminal, a dry bulk terminal and a liquid bulk terminal with a total quay length of 1,500meters.

Features of Tolaram Port @ Lekki