Nigeria: construction of Atlantic Resort to start in November

15 August 2017

Real estate development company, Grenadines Homes, will kick-start its stunning flagship project, The Atlantic Resort in Lagos, Nigeria in November.

The company got a boost recently with the selection of building and civil engineering firm, Messrs Cappa & D’Alberto as the main contractor. It will cost US$110m.

The initiative is a result of the high demand for Grade A office spaces in Lagos. This continues on an upward trajectory due largely to the size of Nigeria’s Gross Domestic Product (GDP).

Moreover, the growing population, emerging middle class and the thriving business environment in Lagos contributes to the demand.

Femi Banwo, Chairman of Palton Morgan Holdings, the parent company of Grenadines Homes, said that it will be a state-of-the-art project. Upon completion, the project will deliver a world-class luxury edifice comprising four towers, outstanding hotel, restaurants, shops and retail outlets.

“We have selected the best partners that worked on the best projects of the world like Emirates Stadium, to work on the project to inspire hope and pride in the country,” he said.

The first phase, a 20-storey building, might be complete in 18 months but the four towers may take up to three years.

Grenadines Homes is a Real estate development company dedicated to reinventing the concept of home ownership in Nigeria. Their homes represent luxury and high class that suit varying tastes and preferences.

Read the latest issue

Latest Issue