Ikoyi to Get N2b Luxury Apartments

Nigeria’s first luxury apartments, Lorenzo By Sujimoto, to be built in Ikoyi, Lagos will be launched on Saturday, it was learnt yesterday.

United Arab Emirates (UAE) investors have committed themselves to be part of the funding of the project which the developers said had already sold N2billion worth of units even before the first sod is turned.

Sujimoto, a Nigerian company, will drive the project whose concept was sealed in June when the firm’s Chief Executive Officer, Mr. Sijibomi Ogundele, met with King Mohammed bin Rashid Al Maktoum of Dubai and UAE’s Prime Minister, Vice-President, and the Emir. It was learnt that the apartments are being given for half the price in their off-plan sales while limited units are almost sold out.

The apartments, accessible through Bourdillon Road, Ikoyi, are on 25 floors built on 3,800sqm of land, with state of the art amenities, and an average size of 360sqm to 1,000sqm.

It features two Pedini styled kitchens, bespoke designer interior, central air conditioning systems, smart home features and high security fingerprint access.

It also has a spa, fully equipped gym, virtual golf course, 24 hour crèche, a five-star exclusive restaurant, among others.

Internationally-acclaimed Nigerian soul singer, Asa will be performing alongside Cobhams, a song writer and music producer at the unveiling.

“On paper, the LorenzoBySujimoto is an enchanting architectural masterpiece and a great investment platform for investors looking forward to high returns on their investment.

“However, one thing is obvious; everyone is looking forward to December 12 when the project will be unveiled in Lagos,” the organisers said.

Officials of the firm said for any smart and savvy investor who can read the signs, the LorenzoBySujimoto project is a big pie because of its timing.

“It is coming at a time when the global prices of oil are falling rapidly and investors are losing out on their investments. LorenzoBySujimoto has been dubbed the new oil because of its high returns on investment, especially for investors buying into their off-plan scheme.

“The apartments are being given out for half the price in their off-plan sales. International realtors refer to Nigeria as the African continent’s premier destinations for property developments,” they said.

According to the developers, the units’ value will double in the next few years considering the prime location of the LorenzoBySujimoto and the unrivaled infrastructure in comparison with other seemingly prime properties within Ikoyi.

“The average contemporary apartment on Bourdillon is over N200 million and the prices keep getting better for property owners. Over the years, Bourdillon Road has always maintained that exclusivity and enjoyed greater returns in investment irrespective of what is happening in the real estate sector and economy,” they added.


Source: The Nation Nigeria

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