September 8, 2020

Desiderata in Banana Island is now 100% leased

Dolapo Omidire

Desiderata, a 4,654sqm A-Grade office property in Banana Island – Ikoyi, has now reached full occupancy. 

Troloppe Property Services represented the landlord as the lead leasing consultant alongside other leasing agents such as Madingwa Real Estate and Templetons. Tenants in the property include International Breweries (AB InBev) and Saipem.

June 2018. Development: Desiderata, Plot 5a Abuja Street Banana Island, Ikoyi - Lagos.
June 2018. Development: Desiderata, Plot 5a Abuja Street Banana Island, Ikoyi – Lagos.

Speaking directly to Estate Intel, Leye Taiwo, CEO of Troloppe explained:

“This signifies the emergence of a new Ikoyi office submarket of Banana Island, offering peace and tranquility away from the hustle and bustle of the city.”

Commenting on the event on LinkedIn, Taiwo adds:

“I’m proud to announce that Desiderata, Banana Island is now fully occupied. This represents the first Grade A commercial office building in Ikoyi to achieve full occupancy, achieved within 12 months of building completion.”

Even though the property was largely completed in 2018, and has been available for inspections since then, final construction snags and the exit of the main contractor only occurred around this time last year. 

Heritage Place (90%+) and Temple Tower/116 Temple (88%+) are a few examples of other relatively new properties in Ikoyi with strong occupancy rates.

Desiderata was developed by Funtierra Limited and is located on Abuja Street within the Mixed-Use and Commercial Zone of Banana Island. It was built by Monterosa Construction and designed by AWWW and Delano Architects.

Troloppe Property Services was also involved in the leasing of CDL Place, which similarly announced full occupancy in March 2018. 

You can use to accurately track Rents, Occupancy Rates, and also utilize our Occupier Radar feature to get detailed information on all commercial occupiers in Lagos! We track over 1,100 companies with information on their sector, estimated size occupied, type of property occupied, and much more. This includes companies who recently raised money and might be looking for new space. Email or click the blue button on the bottom right corner to speak with a member of our team right now.

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