LEKKI: THE MILLIONAIRES HAVEN

The Suspension bridge connecting Lekki Phase I to Ikoyi, Lagos

Lekki is the new haven of the crème la crème of society. The millionaires hideout. A cocktail of growing rich neighborhoods hidden behind brick and mortar curtains of office plazas and shopping malls along the Lekki Peninsula expressway in Lagos. Evidently one of the fastest growing private development in the world.

Properties here are a hot cake both for developers and house owners. There has never been in the history of Africa or indeed any part... of the world where private development of public infrastructure of roads, drainages and electrification has been so immense. In Lekki you just don't see homes spring up over night, entire neighbourhoods emerge within months complete with roads, drainage, electrification and recreation.

Swamps are being reclaimed and turned to high grounds. The initial concerns of ocean surge and flood water have been substantially put under control by structural engineering prowess of the developers and Town Planners.

The type of structure you find here are world class and the residence here are both middle class and the super wealthy. Prices of properties here go from between N40 million to N300m.

Lekki Conservation Plaza

The key attractions of development to this area are the expansion of the Lekki road, Chevron office complex, the world class shopping malls the likes of De Palms, Shoprite, Games, Park N Shop, Walmart, Ebano etc., and the massive Free Trade Zone projects which include the new Lagos Airport and Sea Port projects.

Private industrial developments are rapidly emerging. The new refinery and fertilizer plants by the Dangote Group are now firing on 24/7.

This trend will continue and the value of properties will continue to appreciate. With very little government infrastructure the property sector is experiencing such massive growth, it has even more prospects in future when government begin to provide basic amenities in the axis.