Photo Updates – Development: Greystone Tower, Victoria Island – Lagos – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel

Photo Updates – Development: Greystone Tower, Victoria Island – Lagos

Development: Greystone Tower, Idowu Taylor Street, Victoria Island - Lagos. Developed by Platform Petroleum. Image Source: NAIRDA

  • Name: Greystone Tower;
  • Developer: Platform Petroleum Limited;
  • Location: Corner of Idowu Taylor Street and Engineering Close, Victoria Island – Lagos;
  • Main Contractor: Dori Construction and Engineering;
  • Project Managers: Majoroh Partnership – Architects and Planners;
  • Architects: Majoroh Partnership – Architects and Planners;
  • Structural Engineers: Morgan Omonitan & Abe Limited;
  • Mechanical Engineers: CA Consultants Limited;
  • Electrical Engineers: CA Consem Associates;
  • Quantity Surveyors: Adesanya and Partners;
  • Sub-contractor: NAIRDA;
  • Date of Approval: March 9th, 2015; 
  • Photos Updated: October 2016. 

Greystone Tower is a new office development located on the corner of Idowu Taylor Street and Engineering Close in Victoria Island, Lagos. It is being developed by Platform Petroleum Limited, an indigenous oil & gas company that formed Seplat in 2009, in partnership with Shebah Petroleum Development Company.

According to NAIRDA, one of the project’s sub-contractors, Greystone Tower will be 17 floors, above the typical 15 other developments in the region typically go up to. This will be confirmed once more information becomes available. The tower was designed by Majoroh Partnership and is being built by Dori Construction and Engineering Limited.

In their Q1:2016 market update, Broll Nigeria noted that rents for prime space in Ikoyi and Victoria Island (V.I.) have fallen by up to 12.5% since Q1:2015 and average asking rents in Victoria Island are US$832/m2/annum while average achievable rents are typically 15-20% lower. This fall has been as a result of competition amongst landlords as supply of office space has increased exponentially, forcing them to reduce rents and introduce tenant-friendly incentives.

Development: Greystone Tower, Idowu Taylor Street, Victoria Island - Lagos. Developed by Platform Petroleum. Image Source: estateintel.com

Development: Greystone Tower – June 2016, Idowu Taylor Street, Victoria Island – Lagos. Developed by Platform Petroleum. Image Source: estateintel.com

Development: Greystone Tower, Idowu Taylor Street, Victoria Island - Lagos. Developed by Platform Petroleum. Image Source: estateintel.com

Development: Greystone Tower – June 2016, Idowu Taylor Street, Victoria Island – Lagos. Developed by Platform Petroleum. Image Source: estateintel.com

Development: Greystone Tower, Idowu Taylor Street, Victoria Island - Lagos. Developed by Platform Petroleum. Image Source: estateintel.com

Development: Greystone Tower – June 2016, Idowu Taylor Street, Victoria Island – Lagos. Developed by Platform Petroleum. Image Source: estateintel.com

Development: Greystone Tower, Idowu Taylor Street, Victoria Island - Lagos. Developed by Platform Petroleum. October 2016

Development: Greystone Tower, Idowu Taylor Street, Victoria Island – Lagos. Developed by Platform Petroleum. October 2016

Development: Greystone Tower, Idowu Taylor Street, Victoria Island - Lagos. Developed by Platform Petroleum. October 2016

Development: Greystone Tower, Idowu Taylor Street, Victoria Island – Lagos. Developed by Platform Petroleum. October 2016

 

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