Falomo Towers

On June 17, 2022, the sod turning (ground breaking) ceremony of the proposed Falomo Towers took place. The event had in attendance; His Excellency, Governor Babajide SanwoOlu, Governor of Lagos State, and Sir Tony Elumelu, Chairman of Heirs Holdings. 

Falomo Towers is an initiative under a public-private partnership between Afriland Properties and Lagos State Property Development Company (LSDPC).

The mixed-use development will be built on a land area of 11,950 square meters which currently houses the closed down Falomo shopping center. The development was initially planned to be redeveloped into another shopping plaza, still within the same partnership between the two developers. However, after 10 years of planning, the project was repurposed into what is now being introduced as Falomo Towers.

According to Governor Babajide SanwoOlu, the project is a major urban renewal project, while Tony Elumelu, Chairman of Heirs  noted that the project would be a high rise mixed use development.

LSDPC is also a state owned development company with a portfolio of several mass housing projects. These include: Lekki Apartments (Lagos HOMS), LSDPC Estate (Victoria Island), and Eko Court.

Afriland Properties is also a property development company with several other properties in their portfolio including: Afriland Towers and Heirs Insurance Headquarters.

Not much information has been released on other specifications of the project and other team members yet, but trust us to keep you abreast once information is available.