Updated – Development: Lakepoint Towers, Banana Island, Ikoyi – Lagos – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel

Updated – Development: Lakepoint Towers, Banana Island, Ikoyi – Lagos

Lakepoint Tower, Banana Island, Ikoyi - Lagos. Image Source: NAIRDA.

Published September 2014; Updated April 2016.
  • Name: Lakepoint Towers;
  • Location: 4th Avenue, Banana Island, Ikoyi – Lagos;
  • Floors: 1st Tower – 11, 2nd Tower – 10;
  • Size: ±14,000sqm;
  • Architects: ECAD Architects;
  • Contractors: Monterosa Construction Limited;
  • Engineers: NAIRDA;
  • Use: Office;
  • Developers: Lakepoint Limited;
  • Expected Completion: Mid 2016.

Lakepoint Towers is a two tower office development located along 4th Avenue in Banana Island, Ikoyi in Lagos. Both towers will deliver ±14,000sqm of Grade A office space, which will include coffee/confectionary shops and roof gardens. Construction is currently ongoing and most of the external cladding has been placed. Completion is expected later this year.

Banana Island is an upmarket residential region with land and property prices among the highest seen in the city. According to MCO Real Estate’s Q3-Q4 2015 report, advertised asking prices for land in Banana Island were N413,960/sqm, however achievable prices are typically lower. The development is located in the Mixed Development Zone of Banana Island, where a few other high rise developments such as Ocean Parade, Bella Vista and Adunola House are located.

The developers, Lakepoint Limited, alongside other partners are also behind Lakepoint Apartments, a residential development with 17 luxury apartments, 3 maisonettes and 2 penthouses right at the entrance of Banana Island.

See the photos below for more.

Lakepoint Towers, 4th Avenue, Banana island - Lagos. February 2016

Lakepoint Towers, 4th Avenue, Banana island – Lagos. February 2016

Lakepoint Apartments. Banana Island, Ikoyi - Lagos

Lakepoint Towers. Banana Island, Ikoyi – Lagos

Lakepoint Apartments. Banana Island, Ikoyi - Lagos

Lakepoint Towers. Banana Island, Ikoyi – Lagos

Lakepoint Towers, Source: Lakepoint Limited

Lakepoint Towers, Source: Lakepoint Limited

Lakepoint Towers

Lakepoint Towers, Source: Lakepoint Limited

Lakepoint Towers

Lakepoint Towers, Source: Lakepoint Limited

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