National News
Ocean City Lagos: Nigeria’s first green smart city tipped as top investment destination
Global real estate consultancy, Knight Frank, has tipped Ocean City Lagos, Nigeria’s newest top-end property location, to become the next luxury world-class destination for investors.
The London-headquartered independent real estate consultancy disclosed that the man-made island is on the verge of meeting international Environment, Social and Governance (ESG) requirements. With its location beside the Atlantic Ocean, Knight Frank reckons that Ocean City Lagos will transform the Lagos coastline into the next 5G-powered community and make it a magnet to prime property deal seekers, multi-sectoral investors and tourism enthusiasts.
The new community, already named “Jewel of the Atlantic,” occupies 308 hectares reclaimed from the Atlantic Ocean and is a shouting distance from the already high-density and boisterous Ikoyi, Victoria Island, and Lekki Residential Scheme 1 neighbourhoods.
It is currently accessible by land through an extension of Ahmadu Bello Way and expected to be by air and water through the proposed Ocean City Lagos Airport and Cruise Terminal.
The island is conceived as a green smart city, the first of its type in the country, and will be powered by the 5G network, which will not only drive efficient infrastructure and amenities management but will impact every aspect life, delivering smart homes, offices, healthcare education via human-to-machine connections and interactions.
In addition to driving facilities such as power supply and water supply, drainage, transport networks, security, it will also drive eco-sustainability, with the latter firmly placing the accent on flora and fauna.
Developed by Ocean City Lagos Limited, an affiliate of the credential led Sea Global Energy, the 43-year-old multi-sectoral giant with bold footprints in the property, retail and telecommunications, Ocean City Lagos is arriving with a tough spine of know-how, experience and offerings of the highest possible taste-attributes that are as part of Ocean City Lagos Limited’s DNA. The Federal Government, in 2003, granted reclamation permission for 350 hectares from the Atlantic Ocean to Sea Global Energy, a testament to the company’s stature. The rights have since been passed on to its affiliate.
A major attraction on the island promises to be Nigeria and Africa’s answer to Dubai’s Burj Khalifa in the form of the continent’s tallest skyscraper, which will sit on a terrain that is a mural of gleaming residences, gorgeous neighbourhoods, world-class business and leisure districts-all overlooking the Atlantic Ocean-to create a credible imitation of paradise.
Billed to set new standards in lush living, Ocean City Lagos is an eco-tourism haven that will provide next level livability for residents, businesses and tourists with its lip-licking architecture, engineering designs and eco-friendly atmosphere, attributes that are in short supply in other trendy neighbourhoods.
Nigeria’s newest city, as it has also been dubbed, will have five districts, namely Gladys, Madaki, Aremu, Adesola and Five Cowries.
Gladys, the residence-only district, is projected to be the location of the poshest homes and dreamiest residential areas on the continent as well as the location of its most pristine beaches and private marinas. Madaki, the mixed-use zone, promises luxury residential towers of avant-garde architecture and engineering, shared spaces and exclusive access to a variety of top-end amenities and infrastructure.
The Aremu District is a pot-pourri of arts, leisure, entertainment, healthcare-focused education and research. In addition to facilities for arts, it will provide facilities for over 20 sports, among which are a football stadium, rowing and horseback riding facilities, premium healthcare facilities that include a 1,000 to 1,500-bed hospital, a university of medical sciences that provides accommodation for staff and experts.
Adesola District will be home to the Ocean City Island Airport, Cruise Terminal and land access hubs, connecting the island to other parts of the world.
The combination of its eclectic features has provoked a description of Ocean City Island as an “urban icon”.
