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Water Corporation Drive, Oniru, Lagos, Nigeria

Project Summary

Grade

Ultra-Luxury

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sector

Mixed Use

Total Size

15,588 SQM

view unit breakdown
Status

On Hold

Grenadines Homes

DATE ADDED

March 2018

COMPLETION DATE

June 2025

The Oceanna Towers is a proposed mixed-use development by Grenadines Homes located on Water Corporation Drive in Oniru, Lagos. It will include 4 towers including  The Oceanna Cerulean, The Oceanna  Indigo, The Oceanna  Azure, and The Oceanna  Aqua.

Other developments such as the Landmark Waterview, The Empire Residences II and The Signature Apartments by Deluxe Residences, and the massive cathedral development of Love of Christ generation church are also located along Water Corporation Drive.

Cappa and D’Alberto Plc is serving as the main contractor. Other members of the project team include Ecad Architects in conjunction with HOK Architects (who designed the Emirates Stadium), Morgan Omonitan & Abe Ltd, Trevi Foundations Limited among others.

The Cerulean is a mixed-use tower that sits on a footprint of 650sqm  [will be the first to launch] and will feature 17 floors of office and residential space. Facilities available include a Gym/Spa, swimming pool, and children’s play area among others. Construction is currently ongoing with the foundation which consists of 200 Piles, 32 meters below the ground (which is similar to the height of a ten storey building) done by Trevi Foundations Limited. Construction is on the 5th floor as at the time of this report and the estimated time of completion is Q3:2022.  The Cerulean tower offers 112 apartments of studio, 1 bedroom, 2 bedroom & 3 bedroom units and is already 85% sold out according to Grenadines Homes.

The Indigo is a 24-floor hotel tower building sitting on a footprint of 1,084sqm consisting of branded studio and 1 & 2 bedroom luxury units and would feature restaurants, gym, spa, swimming decks, concierge and valet service, meeting rooms, a tennis court, art gallery, and a helipad. The hotel studio units are currently priced at ₦150 million per unit. However, in a co-ownership scheme by Grenadines Homes, each unit can be divided into 20 lots which currently cost ₦7.9 million per lot. Piling will begin in Q1:2020 and the estimated construction period is 30 months.

Grenadines Homes has commissioned W Hospitality Group to source for 5- star luxury hotel brands to manage the hotel.

The  Azure and  Aqua towers are currently conceptual with implementation expected soon.

Project Team Members

Other contractors

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Building Specifications

gross leasable area

15,588 SQM

floors

17

Units Breakdown

Studio

Sale Price
₦119,000,000.68/unit

Map View

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