UPDATED MAY 2018

Nestoil Tower, Victoria Island, Lagos, Nigeria

Saka Tinubu Street, Victoria Island, Lagos, Nigeria

Commencement Date

2012

Completion Date

2016

Size

10,000 sqm

Floors

15


Developer

Drawcok Estates

Main Contractor

Julius Berger

Project Managers

Structural Engineers

Architects

Electrical Engineers

Mechanical Engineers

Sub Contractor

Quantity Surveyors

Victoria Tower/Nestoil Tower is a mixed-use development consisting of 7,500m2 of office space and 3,500m2 of residential space. This 15-floor development is slated for a December 2015 completion and it also comes with multi-story parking as well as recreational facilities. It is located on the corner of Akin Adesola and Saka Tinubu streets in Victoria Island, a key hub for commercial activity in Lagos. The residential units in this development may be used as guest houses or expats’ accommodation (at a fee) for companies in the building, and will also be up for lease to other parties interested.

Julius Berger is the contractor for this project, and if Rose of Sharon Tower is used as a benchmark for their capabilities then it should be finished to a good standard. It will cost N24bn and is aimed at attaining a LEED certificate. This means they intend to meet international green and sustainable building standards. Heritage Place, another development in nearby Ikoyi,  is also aiming at attaining a LEED certificate and both have been marketing that their respective buildings will be the first LEED-certified or ‘green’ building in the country. Although Nestoil Tower is ahead in terms of construction, attaining the certificate largely depends on build quality and how efficient it is at utilising energy.

Nestoil, Neconde and other subsidiaries will be occupying the upper office floors of the building and leasing opportunities have made public via Fine and Country. See below for images.

 

If you’d like to get more information on Ongoing Construction projects across Sub-Saharan Africa, log in / sign up to the Estate Intel Web Application. No subscription is required to sign up.

callToAction

Get access to more projects for your business

View over 300+ more projects when you access the Estate Intel web app.

  • This field is for validation purposes and should be left unchanged.

Similar projects

Development: The Juliana, Ilasan - Lagos

Access the data you need now

It's free to sign up! Check out reports, the directory and interactive dashboards.

Sign up for free