Development: Zekwes Office Complex, Lekki Phase 1 – Lagos – Real Estate Market Data and Research for Nigeria and other African Countries | estate intel

Development: Zekwes Office Complex, Lekki Phase 1 – Lagos

May 2017. Zekwes Office Complex, Lekki Phase 1 - Lagos

  • Name: Zekwes Office Complex;
  • Location: Otunba Adedoyin Ogungbe Crescent/Providence Street, Lekki Phase 1 – Lagos;
  • Main Contractor: Exxymal Exploration Services Limited;
  • Sub Contractor: Mathe Kaye Ventures;
  • Architect: Algreen Consult;
  • Floors: 6; 7 Storeys;
  • Structural Engineer: Byseg Associates;
  • Mechanical and Electrical Engineer: Cetec Engineering Ltd;
  • Developer: Zekwes Ventures Limited;
  • Completion: Q2:2017.
  • Published: April 2016; Updated: May 2017.

This project on Otunba Adedoyin Ogungbe Crescent/Providence Street in Lekki Phase 1 is being developed by Zekwes Ventures Limited. It is a 6 floor office complex that was designed by Algreen Consult, which is visible from the Lekki – Epe Expressway shortly after the 1st roundabout.

Exxymal Exploration Services Limited is serving as the main contractor for the project and Mathe Kaye Ventures are sub contractors. Speed of construction has slowed down in recent months, however completion is expected later in the year. The estimated size of the property is 2,200m2 with floor plate sizes of c. 380m2.

Unlike Victoria Island and Ikoyi, rents and office leases in the Lekki Phase 1 region are Naira based and considerably lower. Earlier this year, CBC Towers was asking for N60,000-N70,000/m2/annum, however most of the smaller purpose built office buildings and residential conversions in Lekki Phase 1 are asking closer to N40,000/m2/annum.

Paul Osaji is the lead agent for this property and the ground and first floor are currently leasing for N60,000/m2/annum while other floors are c. N45,000/m2/annum.

May 2017. Zekwes Office Complex, Lekki Phase 1 - Lagos

May 2017. Zekwes Office Complex, Lekki Phase 1 – Lagos

May 2017. Zekwes Office Complex, Lekki Phase 1 - Lagos

May 2017. Zekwes Office Complex, Lekki Phase 1 – Lagos

May 2017. Zekwes Office Complex, Lekki Phase 1 - Lagos

May 2017. Zekwes Office Complex, Lekki Phase 1 – Lagos

April 2016. Zekwes Office Complex, Lekki Phase 1 - Lagos

April 2016. Zekwes Office Complex, Lekki Phase 1 – Lagos

April 2016. Zekwes Office Complex, Lekki Phase 1 - Lagos

April 2016. Zekwes Office Complex, Lekki Phase 1 – Lagos

April 2016. Zekwes Office Complex, Lekki Phase 1 - Lagos

April 2016. Zekwes Office Complex, Lekki Phase 1 – Lagos

  • toni

    what is your opinion on the structure of the building

    • Its quite simple, which is good for this region. What are your thoughts?