Tuesday, 9 June 2015
Invest in Havilla Garden by TRINITY Gardens, Ibeju-Lekki. Promo: Buy 5 Plots and Get 1 plot Free
Estate Name: PHPAC ESTATE-PWAN HOMES PROPERTY ACCESS CLUB- ESTATE by TRINITY Gardens
Location: Eleranigbe, Ibeju-Lekki(About 25 minutes drive from Ajah)
Price: N450,000 per plot
Promo: Buy 5 Plots and Get 1 Free!
Yes! This is without doubts the cheapest yet most genuine deal you can get for an Estate land from a reputable company.
First the Land has been confirmed at Alahusa as Free of Government Commitment/Acquisition. This land is undoubtedly a good investment due to the foreseeable value appreciation. This fact is obvious form the ongoing and forthcoming Government MEGA projects in Ibeju-Lekki.
Great News! Lagos State Officials from Land Bureau, Alausa will be coming to the estate lands to erect the gazette pillars. This is a great and final step in the gazette approval process. This means that the land is now free of Government Aquisition. Also, once the gazette is finally published, prices of lands in the region will escalate while the current price of this estate may increase.
Of no doubt, Lekki/Ibeju has the highest rate of land value appreciation. 5 compelling reasons that make an investment in Trinity Gardens a gilt-edge, high return, cash back guaranteed investment: It has bean published in National dailies e.g Punch, 13th May 2013, that Ibeju Lekki is a hot zone for real estate investment due to the ongoing/future mega government projects. This was even confirmed by the Governor.
It's in proximity to the following ongoing projects
1- Lekki Free Trade Zone
2- New International Airport,
3- New Sea Port
4- Pan Africa University
5- New shoprite
6- Dangote Refinery
See what Fasola and Dangote said about Ibeju-Lekki:
what Gov. fashola said
“Lekki Free Trade Zone is beginning to take shape. The Master Plan is being realized, investors are trouping in. Tank farms and major refineries are springing up to service the demands of the country and make room for export. The refineries create a major selling point and release of the opportunities that lie ahead in this zone, create opportunities for the local people and the potentials for Lagos and the Nigerian economy”.
what Dangote said
“Looking at what the Governor has done by bringing this here I can assure you that this is going to be the biggest free trade zone in the African Continent and I know that the people will begin to show their appreciation. For instance, there is no way we can put down over $9 billion of our money here without making sure that the zone is going to work”
You need to see the future and join real estate investors who are trooping to this axis of Lagos
Welcome to Trinity Gardens, a lovely estate located in Eleranigbe about 15 mins from Eleko junction. Due to its proximity to the free trade zone and new international airport, its a solid investment you should invest for yourself and your children
All our lands are genuine. We are working assiduously with Lagos State Government an the relevant families to get the gazette out as soon as possible and we are currently at an appreciable step. The excision application file no is KL/10343. You can confirm
We have comfortable air-conditioned Jeeps that can convey you for free inspection to verify the land if you are in Lagos. We also have documents that can be verified at Land Registry, Alahusa.
THIS IS A GOLDEN PURCHASE/INVESTMENT THAT WILL RISE PHENOMENALLY!!!
Sales and Promo will close soonest.
The sales and Promo officially closed on 11th June, 2015. However, due to popular demand,sales and promo have been extended by one week. to close 18th June, 2015
Please call 08038891314
Invest Beside the Free Trade Zone/Dangote Refinery. Dry Plots of Land in Oakwood Gardens 2. Title: C of O
Estate Name: Oakwood Gardens Phase 2
Location: Along Coastal Road, Eleko close to the Free Trade Zone
Excellent Title: C of O
Promo Price: N4.5m
Plot Size: 600 sqm
Price: N4.5m per plot outright payment OR
N2m initial deposit + 12 monthly installment of N250,000
Welcome to Oakwood Gardens Phase 2-our prestigious, classy and serene estate with a remarkable promise of quality living well located in the heart of "The New Lagos" in Ibeju-lekki.
Investing in this estate is a superlatively guaranteed return on investment due to the mega Government and private projects ongoing and upcoming in this area. The surrounding projects will inevitable drive up the price of lands in this axis of lagos. This area has been termed the next "Dubai of Africa"; thus, it is bound to experience astronomical land value increase when the Free Trade Zone, Deep Sea Port and Dangote Refinery are in full operation. Moreover, other projects are the New International Airport, Industrial Park, Pan Atlantic University, Prestigious Gated Estates
This claim is by no means spurious nor exaggerated. It is substantially evident in what Dangote said about his massive investment in this area: "Looking at what the Governor has done by bringing this here I can assure you that this is going to be the biggest free trade zone in the African Continent and I know that the people will begin to show their appreciation. For instance, there is no way we can put down over $9 billion of our money here without making sure that the zone is going to work"
Investors are trooping in, tank farms and industries are springing up. Join the wise investors today and reap colossal returns when the lands will sell for very high prices.
The estate land is naturally dry. You have no worries over any legal issues. The Land is excellently secured by a C of O. You are also buying from an estate. Since you are buying from an estate land managed by a company, you have no interference of Omoniles. We have free inspections every day -Mon to sat from 10.00 am to 4pm
Please Call 08038891314 for enquiries and inspection.
This property is currently a hot and choice deal.
Thanks
Oakwood Gardens Beside Lekki Golf Course @ N6.21m. Gov'S Consent
Property Name: Oakwood Gardens
Title: Excellent Governor's Consent
Location: Beside the Prestigious Lekki Golf Course & Resort, Lakowe. 14 minutes from AJAH
First and Foremost; with only N6.21m, wouldn't you like to invest on a land that is just beside the Golf course where plots sell for N58m each? Of course, the whole area around the Golf Course and Country Estate is currently a choice attraction for investors and will experience serious appreciation when the Golf Course and Resort Centre becomes full blown.
Lakowe has become a popular destination for smart investors and home owners with investment acumen.
This land-Oakwood Gardens- is located at Lakowe by the Lakowe Resort and Golf Course Estate. This is about 14 minutes drive from Ajah along the Lekki-Epe Expressway. Oakwood Gardens is a minutes drive to the Lakowe Lake Resort which is about 14 mins drive from Ajah on the Lekki Epe Expressway. Ajah is about 20 minutes from Victoria Island. This property is situated around the express that leads to the Lakowe Lakes Golf & Country Estate. In addition, it is about 2 minutes drive from the prestigious Mayfair Gardens by HFP (builder of the esteemed VGC). This estate is an excellent purchase for smart investors who want to live in a de luxe environment while reaping the reward of their investments.
It is estimated that the rate of land value appreciation in this region is about 1500% in the last 10 years. A plot which sold for N500,000 ten years ago around this property sells now for about N8,000,000. An extrapolation with the current trend means that this property will be worth over N100m in the next 10 years.
Any real estate expert or lawyer in Lagos would confirm that the Lakowe Golf Course and Country Estate and its vicinity i a first Class and top notch for both investment and residential purposes.
WHAT MAKES THIS OFFER AN IRRESISTIBLE ONE?
1. You are investing in a land beside beside the prestigious Lakowe Lakes resort-a high brow area when topshots come to play Golf and relax. A plot inside the Resort/Golf Course is about N58m whereas you are only paying N6.2m (675sqm).
2. The neighbourhood is classy, lovely and respectable. The road leading to the estate is wide and tarred since it also leads to the Resort/Golf Course.
3. It is obvious that the rate of this land's appreciation will be astronomical due to the Golf Course and Resort when in full operation. The Golf Course is patronized by high profile persons-Governors, CEOs/Directors, Business Tycoons etc. It is inevitable there will be phenomenal attraction to this spot. There will be Hotels, malls, Restaurants, Schools and Churches built around the Golf Course & Country Estate. Consequently, price of properties here will rise tremendously.
4.The price of this land goes up soonest.
5.The Land comes with an Excellent Governor's Consent. You have no worries over legal ownership.
6. You will be living in a de luxe, secured and dignified neighbourhood as not everyone will be able to afford the price in few years. Inter alia, the Estate comes with the following features:
* Secured environment in a Gated Estate
*Good road network and drainage system
*Gardens & Parks
*Recreation Centre
* Sewage system
*Power Grid
It is no news that a plot in this region that sold for N700k four years ago sells for N8m today.
Would you like to build your house near the prestigious Lakowe Lake Resorts & Golf Courses? Would you like to invest near the Free Trade Zone at Eleko which is about 10 mins away?
Welcome to Oakwood Gardens-an estate made to be a paradise for those who want the best.
The plots are all on dry land in easily accessible area close to the main road. It's an excellent purchase for smart investors and those who want to actualize their dream homes!
Another interesting and compelling factor in buying this plot is that the rate of value appreciation in this area is phenomenal. Whether you are buying to build your home or to invest, one thing is sure: This cost of this plot will rise beyond expectation when the Lake Resort is in full operation!
Oakwood Gardens is set to be a model in the Lekki suburb of the Lagos island. The estate promises well organized layout and superb facilities that caters to the needs of occupants in the estate. The estate is to house over 200 homes beautifully built to beat occupants’ imagination.
The property comes with excellent Title Governor’s consent and is just few meters away from the expanding Lekki-Epe expressway. Due to its fantastic location, the Estate is fast selling. So hurry and have yours today, this is where you really need to invest into your future for better benefits.
COST/PRICE OF OAKWOOD GARDENS PLOTS
Standard plot 675sqm(60/120ft) - N9,315,000
450sqm-6,210,000
Installmental payment option is allowed for a 3-month and 6-month periods
ABOUT THE LAKOWE GOLF COURSE & COUNTRY ESTATE
Lakowe Lakes Golf and Country Estate is designed as an exclusive, secure and serene haven located some 25 minutes outside the bustling business centre of Lagos.
Homeowners will enjoy the security and freedom that a gated community brings, as well as the luxury of living on a pristine 18-hole golf course, complete with clubhouse. Choose to stay, and play at Lakowe Lakes Golf and Country Estate, and you’ll also enjoy sports facilities such as a swimming pool, squash, tennis and badminton courts.
The Lakowe Lakes development occupies a land area of roughly 308 hectares, and overlooks a 55 hectare man-made lake. Its prime position on the thriving and fast developing Lekki-Epe axis guarantees occupants easy access to other neighbourhoods, and to the city, taking advantage of the upgrade and expansion of the Lekki-Epe Expressway.
Lakowe Lakes golf and country estate forms part of the larger “Lagos New Town” development project, which has been planned as a fully integrated, self sustaining municipality that will incorporate first class infrastructure. This new town has been modelled after other globally successful urban redevelopment projects.
CONSTRUCTION AND DEVELOPMENT OF OAKWOOD GARDENS
Oakwood Gardens is being developed by FOLKLAND DEVELOPMENT COMPANY. Construction will commence in November 2014. Oakwood Gardens, as Primus Inter Pares-First Among Equals-is the prime estate being marketed by PWAN HOMES LTD. Thus, its imminent development and necessary construction works are of great priority to the company.
As a consequence, the price of this property increases from N6.21m to N9.35m from 12th Nov. 2014.
Even at N9.35m/plot, this property is a choice investment considering that this price is still far less than N58m, the price of a standard plot in the Golf Course.
PROXIMITY TO THE FREE TRADE ZONE
Oakwood Gardens is just about 10 minutes drive from the Centre of The New lagos-The Free Trade Zone area off Eleko junction. The new Lagos is Ibeju Lekki. This is axiomatic and irrefutable.
Of no doubt, Lekki/Ibeju has the highest rate of land value appreciation. 5 compelling reasons that make an investment in Lekki Villa a gilt-edge, high return, cash back guaranteed investment:. This was even confirmed by the Governor. The publications in the Daily Independent Newspaper in February, 2014 and Punch Newspaper Feb 3, 2014 confirm the plans Lagos State Government has for Ibeju-Lekki
WHAT GOV. FASHOLA SAID
“Lekki Free Trade Zone is beginning to take shape. The Master Plan is being realized, investors are trouping in. Tank farms and major refineries are springing up to service the demands of the country and make room for export. The refineries create a major selling point and release of the opportunities that lie ahead in this zone, create opportunities for the local people and the potentials for Lagos and the Nigerian economy”.
WHAT DANGOTE SAID
“Looking at what the Governor has done by bringing this here I can assure you that this is going to be the biggest free trade zone in the African Continent and I know that the people will begin to show their appreciation. For instance, there is no way we can put down over $9 billion of our money here without making sure that the zone is going to work”
The following MEGA Government projects are ongoing in Ibeju Lekki:
1- Lekki Free Trade Zone
2- New International Airport,
3- New Sea Port
4- Pan Africa University
5- New shoprite
6- Dangote Refinery
7. Industrial Park
8. Several Foreign Companies
9.Several upcoming gated Estates
We are PWAN Homes-a reputable company whose vision is to make Home Ownership a Reality for everyone...We currently have four(4) other estates located in Eti-Osa/Ibeju lekki. They are:
1. PHPAC Estate by Trinity Gardens & Parks - N450,000
Location: Eleranigbe (about 10minutes from Eleko junction)
2. Oakwood Park Estate2 - N1,080,000
Location: Eleranigbe( Close to the express, about 6 minutes from Eleko junction)
3. Oakwood Gardens Phase 1- N4,500,000
Promo Price till 30th June: N3,500,000
4. Lekki Villa- N1,500,000
Location- Sapati/Bogije, 15 minutes drive from Ajah
5. Lekki Villa Phase 2- N1,500,000
Location: Ibeju-Lekki Town,about 20 minutes from Ajah
All our lands are genuine and documents can be confirmed at land Registry Alahusa. We have comfortable air-conditioned Jeeps/SUVs that can convey you for free inspection to inspect the land if you are in Lagos.
Be among the smart investors who are trooping into Ibeju-Lekki to invest based on valuable information from the Governor!!!
We will like to work with you in achieving this.
For enquiries, site inspection, presentation and consultation; please contact Johnson on 08038891314
Invest in Oakwood Park 2. Along Proposed Main Road, Sandy dry Plots of Land
Estate Name: Oakwood Park 2
Location: Along Oriba Road, Eleraunigbe, Ibeju-Lekki, off Lekki-Epe Express Road
About 5 minutes from the Pan Atlantic University Permanent Site
Price: N1,080,000
Oakwood Park Phase 1 was a great deal that sold out in 3 months. Be among the wise investors that will become land/home owners in Oakwood Park Phase2,
Oakwood Park Phase 2 is simply amazing due to its price considered with its unbeatable location. Being located along the road/proposed express road that will link to Ikorodu/4th Mainland bridge, it is a deal that should not elude any wise investor. You will undoubtedly love this estate land just seeing the topography and location. It is pure sandy dry land with several other estates sprawled around. Due to its remarkable qualities, this estate is fast selling and will undoubtedly go out of sale soonest. This is true and not mere hype. Another irresistible factor in buying a plot/plots in Oakwood is that it's in a fast developing neighbourhood while work will commence in a short while. In the next 2-3 years, an investment in this estate will be worth at least 5times its current price. You have no issue with Omoniles and our estates are legally backed with the requisite documents.
We are PWAN Homes Ltd -a reputable Real estate company whose vision is to make Home Ownership a Reality for everyone...We currently have five(5) other estates located in Eti-Osa/Ibeju lekki. They are:
1. PHPAC Estate, Eleranigbe, Ibeju-Lekki – N450,000
2. Hectares of Diamond Estate (C of O) - N5,400,000
Location: Sangotedo/Ogombo, behind the New Shoprite off monastery Road, about 8 minutes from Ajah.
3. Lekki Villas, Bogije, Ibeju-lekki – N1,500,000
4. Oakwood Gardens, Lakowe beside Golf Course with Governor’s consent – N9,315,000
5. Oakwood Park Estate Phase 3 – N900,000
More interesting is the fact that this beautiful estate is in proximity to the following ongoing Mega projects:
1. New International Airport
2. Deep Sea Port
3. Free Trade Zone
4. Dangote $9b Petrochemical industry/Refinery
5. Pan African University permanent site
6. Industrial park
7. Several gated estates/ foreign companies etc.
Location: Oakwood Parks 2 is in Eleranigbe-about 7 minutes from Eleko junction, Lekki-Epe Expressway. It is surrounded by other lovely landmarks/estates like:
Folkland Estate
LivingStone Estate
Regent Park
Diamond Boulevarde Estate
Dominion Gardens & Parks Estate
Christ the King International School
Installmental payment option is available.
For enquiries call 08038891314 or 08186750520
Sunday, 7 June 2015
WHY IBEJU-LEKKI?
Welcome to Ibeju-Lekki, a scintillating cynosure amidst several real estate investment locations in Lagos,Nigeria and Africa. Ibeju-Lekki has risen from relative obscurity to becoming an admirable monolith in a landscape of desirable real estate regions in Nigeria. Ibeju-Lekki has been called "The New Lagos", "The Dubai of Africa", "New Lekki Choice Location" etc
You may want to know why....
It's simple and obvious; Ibeju-Lekki is the chosen location for mega government and private projects which are already undergoing construction. Amidst these massive projects, The Free Trade Zone, Deep sea Port, Dangote $9b Refinery/Petrochemical Industry and the New International Airport are prominent. There are several other projects that cannot be mentioned now which are upcoming in this acclaimed axis of Lagos.
As an illustration, Dangote has confirmed that he would not invest that colossal sum of money and not ensure his company goes to work to make this a success, thereby causing phenomenal development and land value appreciation in the area.
Also, it is an open secret that Lekki-Ajah which has experienced an explosive population increase in recent years is becoming congested with the teeming number of immigrants due to the well-planned structure and layout of the area. Undoubtedly, this influx of new residents has triggered a tremendous and somewhat astronomical increase in the value of lands and houses in the region. One astounding case is that of Lekki Phase 1 formerly known as Maroko. Then Maroko was a run-down, rejected and waterlogged area that never tickled the fancy of most real estate investors. However, when the Government announced the establishment of an estate called Lekki Peninsular Scheme 1 in Maroko, some perspicacious investors saw a great opportunity and put down their hard earned money while others were being dragged and persuaded to buy. As at 2000/2002, plots of land were still selling for N500,000. Today, a plot of land in Lekki Phase 1 is about N100m. A plot of land which sold for about N100,000 in Ajah then sells for N15m today. This is about a whopping 15,000% ROI (Return on Investment). Now, people are moving beyond Lekki and Ajah and are coming down to Ibeju-Lekki. Inevitably, the wave of development currently spreads to Ibeju-Lekki while the mega ongoing projects will precipitate a transcendental appreciation of lands in the axis.
THE MEGA PROJECTS THAT WILL DRIVE VALUE APPRECIATION IN IBEJU-LEKKI
1. THE FREE TRADE ZONE
The Commercial & Logistics Park is planned to be of multi-functions with integration of commerce, trading, warehousing, logistics, exhibition, value-added processing, supporting services, which are closely inter-connected and mutually promoted. In the long run, the Commercial & Logistics Park will serve as the logistics and distribution center of Chinese products in West Africa and represent a service demonstration base for the entire Lekki FTZ. (Culled from www.lfzdc.org)
According to the Site Plan of the Commercial & Logistics Park, a considerable number of construction works will be built in the Park, including the international commodities & trade center, the international exhibition & conversation center, industrial factory workshops, logistics warehouses, office buildings, hotels and residential apartment buildings, etc.
Impression Drawing of the Apartment Building in the Start-up area
Impression Drawing of the Apartment Building in the Start-up area
Layout of the FTZ showing the 4 different phases
INCENTIVES FOR NIGERIAN FREE ZONES
* Complete tax holiday from all Federal, State and Local Government taxes, rates, customs duties and levies
*One-stop approvals for all permits, operating licenses and incorporation papers
*Duty-free, tax-free import of raw materials and components for goods destined for re-export
*Duty-free capital goods, consumer goods, machinery, equipment, and furniture
*Permission to sell 100% of manufactured, assembled or imported goods into the domestic Nigerian market
*When selling into the domestic market, the amount of import duty on goods manufactured in the Free Zone is calculated only on the basis of the value of the raw materials or components used in assembly, not on the finished products
*100% foreign ownership of investments
*100% repatriation of capital, profits and dividends
*Waiver on all import and export and exports licenses
*Waiver on all expatriate quotas for companies operating in the Zones
*Prohibition of strikes and lockouts
2. LEKKI DEEP SEA PORT
The Port at Lekki is the new seaport of Lagos in Nigeria with construction to commence in 2015 and be completed by 2018. It will then be the largest seaport of Nigeria. When in service, the Port at Lekki will be able to handle around 6 million TEUs (Twenty-foot Equivalent Unit) of containers, together with a significant volume of liquid and dry bulk cargoes.
The port is planned to be developed in phases to meet the growing demand. In phase one, which is expected to be operational by 2018, the port will have three container berths equipped to handle more than 1.8 million TEUs, one berth for dry bulk and two berths for liquid cargo.
The port is financed by private investors and a consortium of banks who have funded the project with $1.5 billion so far.
The Managing Director of Nigerian Ports Authority has said that the Lekki Deep Seaport project is an example of the Public Private Partnership success story that will transform Nigeria economy into global recognition. The project has been described as a game changer and a catalyst to the Nation’s economy in view of the number of businesses that the port will attract when fully operational
Impression Drwaing of the Lekki Sea Port
President Olusegun Obasanjo at the Ground Breaking Ceremony
MD of NPA , Mr Omar Suleiman, viewing the Scaled model of the Deep Sea Port
3. DANGOTE $9 BILLION REFINERY AND PETROCHEMICAL INDUSTRY
Dangote is currently establishing a 500,000 barrels per day capacity refinery which would start operations in Nigeria by 2017.
The new refinery, which is worth $9bn, is to be situated in the Lagos area close to the Lekki Free Zone
In February 2014, Governor Fasola and Nigerian billionaire Aliko Dangote met with the Ibeju-Lekki Chiefs in respect of this massive project.
WHAT GOV FASOLA AND DANGOTE SAID
“Lekki Free Trade Zone is beginning to take shape. The Master Plan is being realized, investors are trouping in. Tank farms and major refineries are springing up to service the demands of the country and make room for export. The refineries create a major selling point and release of the opportunities that lie ahead in this zone, create opportunities for the local people and the potentials for Lagos and the Nigerian economy” said Fasola
“Looking at what the Governor has done by bringing this here I can assure you that this is going to be the biggest free trade zone in the African Continent and I know that the people will begin to show their appreciation. For instance, there is no way we can put down over $9 billion of our money here without making sure that the zone is going to work” said Dangote
Dangote had earlier said the communities stand to benefit enormously as over 8,000 engineers and numerous workers would be trained while jobs would be created for youths of the communities.
4. LEKKI INTERNATIONAL AIRPORT
The Lekki-epe international airport which is located about 10km from Lekki Free Trade Zone and it's expected to gulp NGN71.64bn in its first phase and it is expected to cater for Airbus A380, which experts said makes it a code F compliant airport. It is expected to begin operations with initial capacity of 2million passengers per annum and exceeding 5million by 2015
The Lagos State Government is to spend N102 billion ($ 650 million) on the construction of the Lekki International Airport which was expected to commence operation in May 2012. The Governor howver spoke with strong optimism that in spite of the set backs, preparations and negotiations are under way fro the realisation of the project.
OTHER PROJECTS
5. PAN ATLANTIC UNIVERSITY
6.. INDUSTRIAL PARK
7. LEKKI GOLF COURSE/LEKKI COUNTRY ESTATE
8. SEVERAL PRESTIGIOUS GATED ESTATES
Therefore, it is obvious and no less irrefutable that an investment in Ibeju-Lekki and the Free Zone area is a gilt-edge, blue-ribbon and cashed-backed one.
Be among the smart far-seeing investors who are investing profusely in this area.
Thanks.
You may want to know why....
It's simple and obvious; Ibeju-Lekki is the chosen location for mega government and private projects which are already undergoing construction. Amidst these massive projects, The Free Trade Zone, Deep sea Port, Dangote $9b Refinery/Petrochemical Industry and the New International Airport are prominent. There are several other projects that cannot be mentioned now which are upcoming in this acclaimed axis of Lagos.
As an illustration, Dangote has confirmed that he would not invest that colossal sum of money and not ensure his company goes to work to make this a success, thereby causing phenomenal development and land value appreciation in the area.
Also, it is an open secret that Lekki-Ajah which has experienced an explosive population increase in recent years is becoming congested with the teeming number of immigrants due to the well-planned structure and layout of the area. Undoubtedly, this influx of new residents has triggered a tremendous and somewhat astronomical increase in the value of lands and houses in the region. One astounding case is that of Lekki Phase 1 formerly known as Maroko. Then Maroko was a run-down, rejected and waterlogged area that never tickled the fancy of most real estate investors. However, when the Government announced the establishment of an estate called Lekki Peninsular Scheme 1 in Maroko, some perspicacious investors saw a great opportunity and put down their hard earned money while others were being dragged and persuaded to buy. As at 2000/2002, plots of land were still selling for N500,000. Today, a plot of land in Lekki Phase 1 is about N100m. A plot of land which sold for about N100,000 in Ajah then sells for N15m today. This is about a whopping 15,000% ROI (Return on Investment). Now, people are moving beyond Lekki and Ajah and are coming down to Ibeju-Lekki. Inevitably, the wave of development currently spreads to Ibeju-Lekki while the mega ongoing projects will precipitate a transcendental appreciation of lands in the axis.
THE MEGA PROJECTS THAT WILL DRIVE VALUE APPRECIATION IN IBEJU-LEKKI
1. THE FREE TRADE ZONE
The Commercial & Logistics Park is planned to be of multi-functions with integration of commerce, trading, warehousing, logistics, exhibition, value-added processing, supporting services, which are closely inter-connected and mutually promoted. In the long run, the Commercial & Logistics Park will serve as the logistics and distribution center of Chinese products in West Africa and represent a service demonstration base for the entire Lekki FTZ. (Culled from www.lfzdc.org)
According to the Site Plan of the Commercial & Logistics Park, a considerable number of construction works will be built in the Park, including the international commodities & trade center, the international exhibition & conversation center, industrial factory workshops, logistics warehouses, office buildings, hotels and residential apartment buildings, etc.
Impression Drawing of the Apartment Building in the Start-up area
Impression Drawing of the Apartment Building in the Start-up area
Layout of the FTZ showing the 4 different phases
INCENTIVES FOR NIGERIAN FREE ZONES
* Complete tax holiday from all Federal, State and Local Government taxes, rates, customs duties and levies
*One-stop approvals for all permits, operating licenses and incorporation papers
*Duty-free, tax-free import of raw materials and components for goods destined for re-export
*Duty-free capital goods, consumer goods, machinery, equipment, and furniture
*Permission to sell 100% of manufactured, assembled or imported goods into the domestic Nigerian market
*When selling into the domestic market, the amount of import duty on goods manufactured in the Free Zone is calculated only on the basis of the value of the raw materials or components used in assembly, not on the finished products
*100% foreign ownership of investments
*100% repatriation of capital, profits and dividends
*Waiver on all import and export and exports licenses
*Waiver on all expatriate quotas for companies operating in the Zones
*Prohibition of strikes and lockouts
2. LEKKI DEEP SEA PORT
The Port at Lekki is the new seaport of Lagos in Nigeria with construction to commence in 2015 and be completed by 2018. It will then be the largest seaport of Nigeria. When in service, the Port at Lekki will be able to handle around 6 million TEUs (Twenty-foot Equivalent Unit) of containers, together with a significant volume of liquid and dry bulk cargoes.
The port is planned to be developed in phases to meet the growing demand. In phase one, which is expected to be operational by 2018, the port will have three container berths equipped to handle more than 1.8 million TEUs, one berth for dry bulk and two berths for liquid cargo.
The port is financed by private investors and a consortium of banks who have funded the project with $1.5 billion so far.
The Managing Director of Nigerian Ports Authority has said that the Lekki Deep Seaport project is an example of the Public Private Partnership success story that will transform Nigeria economy into global recognition. The project has been described as a game changer and a catalyst to the Nation’s economy in view of the number of businesses that the port will attract when fully operational
Impression Drwaing of the Lekki Sea Port
President Olusegun Obasanjo at the Ground Breaking Ceremony
MD of NPA , Mr Omar Suleiman, viewing the Scaled model of the Deep Sea Port
3. DANGOTE $9 BILLION REFINERY AND PETROCHEMICAL INDUSTRY
Dangote is currently establishing a 500,000 barrels per day capacity refinery which would start operations in Nigeria by 2017.
The new refinery, which is worth $9bn, is to be situated in the Lagos area close to the Lekki Free Zone
In February 2014, Governor Fasola and Nigerian billionaire Aliko Dangote met with the Ibeju-Lekki Chiefs in respect of this massive project.
WHAT GOV FASOLA AND DANGOTE SAID
“Lekki Free Trade Zone is beginning to take shape. The Master Plan is being realized, investors are trouping in. Tank farms and major refineries are springing up to service the demands of the country and make room for export. The refineries create a major selling point and release of the opportunities that lie ahead in this zone, create opportunities for the local people and the potentials for Lagos and the Nigerian economy” said Fasola
“Looking at what the Governor has done by bringing this here I can assure you that this is going to be the biggest free trade zone in the African Continent and I know that the people will begin to show their appreciation. For instance, there is no way we can put down over $9 billion of our money here without making sure that the zone is going to work” said Dangote
Dangote had earlier said the communities stand to benefit enormously as over 8,000 engineers and numerous workers would be trained while jobs would be created for youths of the communities.
4. LEKKI INTERNATIONAL AIRPORT
The Lekki-epe international airport which is located about 10km from Lekki Free Trade Zone and it's expected to gulp NGN71.64bn in its first phase and it is expected to cater for Airbus A380, which experts said makes it a code F compliant airport. It is expected to begin operations with initial capacity of 2million passengers per annum and exceeding 5million by 2015
The Lagos State Government is to spend N102 billion ($ 650 million) on the construction of the Lekki International Airport which was expected to commence operation in May 2012. The Governor howver spoke with strong optimism that in spite of the set backs, preparations and negotiations are under way fro the realisation of the project.
OTHER PROJECTS
5. PAN ATLANTIC UNIVERSITY
6.. INDUSTRIAL PARK
7. LEKKI GOLF COURSE/LEKKI COUNTRY ESTATE
8. SEVERAL PRESTIGIOUS GATED ESTATES
Therefore, it is obvious and no less irrefutable that an investment in Ibeju-Lekki and the Free Zone area is a gilt-edge, blue-ribbon and cashed-backed one.
Be among the smart far-seeing investors who are investing profusely in this area.
Thanks.
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