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Azuri Peninsula’s apartments brighten real estate market



Azuri penisula Garden

In designing the project, the podium towers are carefully positioned to maximise views of the marina and garden-piazzas. Located on the ground floor are retail spaces while ample underground car parking is to be found on the lower ground level

PRIVATE developers have increased their stakes in the Lagos real estate market with a series of significant investments, notably is the first phase of prestigious Azuri Peninsula, which upon completion would house 120 families.

The project, designed by Eko Development Company Limited as luxury apartments, 12 super-luxury simplexes and two Villas as well as seven townhouse apartments, make up the first phase, with a three-year completion plan.

Azuri Peninsula, sitting on 13,000 square metres land mass was designed by the award winning and globally acknowledged architect, Messrs Gensler, Azuri offers the optimum place to live, work, play and invest.

It was also planned to offer a unique and luxurious urban lifestyle by the delightful marina-front of the Marina District in vibrant new Eko Atlantic City.

The first phase of this Marina-front project showcases exceptionally crafted two and four bedroom luxury apartments, six bedroom simplexes and seven bedroom villas which are arranged across marina townhouse apartments and three outstanding residential towers.

Fulfilling the highest standards of contemporary living, all apartments will be fully-fitted with the finest materials, including state-of-the-art kitchens and luxurious bathrooms, District Cooling air conditioning and broadband (which will also be provided throughout the city). Each apartment will feature terraces and/or balconies.

Speaking during the tour of the site last week, Chief Responsibility Officer (CRO), Eko Development Company Limited, Ibiene Ogolo, hinted that the there would be a five star Marina and yacht club with an attractive promenade, high-end shops, cafes and a wealth of amenities in a curated and sophisticated environment.

“The landmark scheme is also close to the Business District in the new city, which is destined to be the new financial centre of Lagos. The developers behind the most luxurious residential destination of 2015 in Lagos have carefully chosen a brand name that resonates. “Azuri” combines the African word “Zuri” meaning beautiful, while Azure suggests a radiant sea.

“Gensler’s exceptional panel of interior designers are creating spacious and elegant apartments with a selection of design palettes”, she said, noting that in the Marina District itself, there will be high-end retail outlets, international standard restaurants and an abundant range of amenities, all of which will establish Azuri Peninsula as a premier residential destination.

On payment options, Ogolo said his company has put in place attractive plans for prospective buyers. According to her, subscribers are expected to make deposit of 25 percent initial cost, another 25 percent when the development gets to certain stage and another 25 percent at the completion stage and ten percent when the house is ready for possession. “In one word, payment would stretch for three years completion period”.

Besides, she said Azuri, being ultra-exclusive Villa residences, which crown ‘Orun’ and ‘Oban’ Towers, will offer the ultimate in luxurious living and include a private gym and swimming pool as well as stunning, panoramic views.

Residents of Azuri Peninsula will have access to a twenty-four hour concierge service, a gym, two squash courts, and a café. Further amenities include a relaxing sauna as well as games and screening rooms and a children’s playroom. Outside, residents will have access to a private outdoor swimming pool, children’s playground, garden-piazzas and valet parking.

In designing the project, the podium towers are carefully positioned to maximise views of the marina and garden-piazzas. Located on the ground floor are retail spaces while ample underground car parking is to be found on the lower ground level.

Eko Atlantic’s high-standard infrastructure, which includes managed and maintained utilities, will guarantee an exceptionally comfortable lifestyle. A well-planned road system, up-to-date ferry service and helicopter service linking the city to Lagos, will ensure that Eko Atlantic is the best-connected city in West Africa.

Azuri Peninsula, within the Marina District, will be under a five-minute drive from the Business District in the new city and is approximately 26 km from Lagos’ International Airport.
The development brings together private individuals and companies who have the knowledge and expertise to transform land lost to the sea, into an oceanfront city that will be one of the wonders of the 21st century.

The multibillion-dollar investment is provided solely by private investors and includes local and international banks: First Bank Nigeria Plc, FCMB, Access Bank Plc and Guaranty Trust Bank Plc, BNP Paribas Fortis and KBC Bank, as well as a growing number of private investors.

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