Published: April 2015. Updated: May 2016.
- Name: XYLO/307 Adeola Odeku Street, Victoria Island – Lagos;
- Location: 307 Adeola Odeku Street, Victoria Island;
- Refurbishment Client: Chellarams, Ensure Insurance ;
- Use: Office + Ground Floor Retail (KFC & Haier Thermocool);
- Architect: NLÈ Works;
- Floors: 3;
- Status: Completed.
In the past decade, #307 Adeola Odeku has seen tenants operating in almost every business sector. Woolworths, Haier Thermocool, various hair salons and KFC are among tenants that have been occupied space in the building. However, a new era emerges as Chellarams, a Nigerian conglomerate with capabilities in a number of industries including manufacturing, retail, distribution, marketing and power generation are gutting and refurbishing the property. Work on site has been progressing slowly since last year, however the property is now starting to take shape. The developers have not published an expected completion date, however given the current pace of construction, late 2016 seems like a fair estimate.
The project is expected to transform previous multi-retail stores into large office spaces and also include a re-design of the exterior (facade) into a contemporary form with a unique identity. Adeola Odeku Street is a key commercial node within Victoria Island, which is often regarded as the commercial core of Lagos.
If Chellerams does not occupy the entire space, the refurbishment will prove to be an attractive option for many of the smaller firms looking for prime office space in Victoria Island. NIPOST Towers, also on Adeola Odeku Street was completed in the previous quarter and has received strong interest from corporates across board. Assuming this project is completed to specification, it should receive similar interest.