Development: Wapic Insurance Head Office, Ikoyi – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel

Development: Wapic Insurance Head Office, Ikoyi

Wapic Insurance HQ, Awolowo Road - Ikoyi

  • Name: Wapic Insurance Head Office
  • Location: Awolowo Road, Ikoyi – Lagos
  • Floors: 6
  • Size: 4,500sqm
  • Use: Office
  • Developers: Wapic Insurance
  • Expected Completion: November 2015
  • Contractors: ELALAN

Wapic Insurance, a full service insurance company is developing its 6 floor HQ on Awolowo Road in Ikoyi. During the ground breaking ceremony earlier this year, the Managing Director explained that the development would not only contribute to restoring the beauty of Awolowo Road, but would also meet international standards for green building practices.

Other developments including Nestoil Tower, Heritage Place and Kingsway Tower have also indicated that their properties will include green and sustainable elements. Such elements will provide these properties with unique selling points in a market that will be experiencing a spur of prime office completions in the next year. Reports have explained that the ground floor area will be covered by 30 per cent greenery and each floor thereafter will be equipped with a dedicated green zone. Wapic is keen on distinguishing itself as green insurance company and they intend to become one of the top twenty financial services institutions in Nigeria by 2017.

Elalan was selected as the contractor for this project, and progress is moving along swiftly with completion expected before the end of 2014. They are currently involved with key projects across Nigeria in sectors including industrial, residential and commercial.

Wapic Insurance HQ. Source: Elalan

Wapic Insurance HQ. Source: Elalan