OFFICIAL PRESS RELEASE: VICTORIA ISLAND, LAGOS, NIGERIA, February 23, 2022
Agbara Estates Ltd – a reputed name in the real estate industry, pioneered in the 1970´s the “Work, Live, Play” concept, combining Nigeria’s leading Industrial Park with a commercial area and the breathtaking and secure residential phase 1 . Work is now about to commence on a series of new affordable residential developments, being the first at Agbara Estate´s phase III, The Southfields.
“We are very excited about the new development which builds further upon the original masterplan of our visionary founder, late Chief Adeyemi Lawson,” said LandAfrique Group Chairman, Mr. Kolapo Lawson.
“The SouthFields will benefit from Agbara´s 2.0 Vision, the execution of which started in 2021 with a series of infrastructure projects, comprising MTN´s fibre broadband, an already acquired 42 MW gas-fired power plant, solar and waste-to-energy projects, resurfaced internal roads, renewed access control gates & systems and a fully refurbished sewage treatment plant”, said Paulo Cruz LandAfrique´s Africa CEO.
“With the visible efforts to complete the Lagos – Badagry and Agbara – Atan Expressways and the associated LightRail project, we are witnessing an alignment of elements that adds value to our efforts to provide housing solutions for the significant tenant demand of young professional medium income households. This demand comes from the approximately 12,000 people directly employed on Agbara Estate as well as the over 30,000 indirectly employed. Not forgetting the increasing desire of Nigerians in the diaspora to own a house at home.”.
According to, Mr. Philip Obih, GM Sales, “The Southfields is a 2,600 units residential development on 27 hectares – consisting of several residential typologies- that focuses on affordable homes, townhouses, penthouses, detached and semi-detached homes, apartments, villas and plots of land. The modern and sustainable development commences construction in March 2022 and is safely located within the gated and secure renowned Agbara Estate”.
At the just concluded launch event, the company announced that the first phase of the new project are the Aspire Homes 116 units of affordable 2-bedroom and 3-bedroom bungalows, offering homeowners the opportunity to own a secure, serene and modern home, which comes in an unparalleled amenity-rich setup and with an international sustainability certificate.
Already, asphalted roads to the project site as well as robust drainage systems are being constructed and homes are scheduled for delivery in the second quarter of 2023.
The Aspire Homes Africa pre-launch event provided opportunities for several investors and firms to subscribe for the unique Aspire Homes, book for reservations and close partnership deals.
The LandAfrique group is divided into five key sectors: Real Estate, Power & Renewables, Agriculture, Environment and Food & Beverages, and provides opportunities for employment, manufacturing, industrialization, affordable housing, education, and logistics by doing business in smart, efficient and sustainably built environments, in Sub Saharan Africa.
The company is ESG focused and pursues the aforementioned mission by creating scalable, impacting, sustainable and affordable solutions for emerging Africa.
LandAfrique is now expanding with new real estate & infrastructure endeavours, building inter-modal infrastructures, and setting up extensive large-scale agricultural projects in Sub-Saharan Africa.
LANDAFRIQUE – Developing tomorrow’s Africa, today!”.
About Agbara Estates Ltd
The company has nearly five decades of proven experience as market leader and has efficiently managed their 454Ha Agbara Industrial Park, that accommodates Unilever, Nestlé, GSK, Shell, Fouani (LG Electronics), Reckitt Benckiser, LG, Pharma Deko, VitaMalt, Beta Glass, Perfetti Van Melle, Evans Medical, Big Bottling Company, Nigerian Breweries, UAC, Suntory, Cometstar, Beloxxi, Avanti, Reliance Chemical, Lotus and many other well-known blue chip manufacturing tenants.
Issued on behalf of LandAfrique Group and Agbara Estates Ltd.
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