BUA Food, a subsidiary of BUA Group of Companies, was listed on the Nigerian Stock Exchange (NGX) on the 5th of January 2022. This marked the first listing in thme year by the Nigerian Stock Exchange. BUA Group currently has major investments in cement manufacturing but has diversified into other sectors including food manufacturing in the past few years. To accommodate this growth, the company completed the development of its current Victoria Island HQ in 2018 and commenced construction on another office property along Alfred Rewane (Kingsway) Road in Ikoyi joining other large owner-occupied office buildings such as Dangote Industries and Famfa Oil. Here’s everything you need to know about the two properties.

The BUA Group Building 

The 7,000 sqm Grade B office was completed in Q1:2018 and currently serves as the Group HQ. The 10-floor  edifice is located on Churchgate (formerly Afribank) Street in Victoria Island, Lagos. The large site was abandoned for over a decade, however, BUA GROUP completed the structure with the support of Cappa and D’Alberto serving as the main contractor. 

See the full list of the project team below:

• Developer: BUA Group.
• Main Contractor: Cappa and D’Alberto Plc.
• Architect: Ecad Architects.
• Quantity Surveyor: Du-Franc And Partners.
• Structural Engineer: Morgan, Omonitan & Abe Limited
• MEP Engineers: Lambert Electromec Ltd.
• BUA Office Development 

Although we are yet to confirm the size, this 9 storey Grade A office building is currently under construction and is expected to be completed in Q4:2022 based on the initial timeline set out by the sponsors. The development is located in Ikoyi, Lagos along the Corner of Kingsway Road and Club Road. 

See the full list of the  project team below:

• Developer: BUA Group.
• Main Contractor: Chavet Construction.
• Architect: Ecad Architects.
• Quantity Surveyor: Du-Franc And Partners.
• Structural Engineer: Morgan, Omonitan & Abe Limited
• MEP Engineers: Lambert Electromec Ltd.

According to our latest development pipeline report, the prime office market in Lagos remains oversupplied. The current pipeline largely comprises owner-occupied developments driven by some of Nigeria’s indigenous businesses. We believe that BUA’s current portfolio is tracking this trend, allowing for the company’s ongoing expansion. 

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