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Developer proposes Lorenzo hotel, apartments in Lagos


An illustration of the proposed Lorenzo, Lagos

An illustration of the proposed Lorenzo, Lagos

AFTER successfully completing and delivering a prime property, known as Medici Terraces, located within the precinct neighborhood of Ikoyi in Lagos State, the firm is proposing to another real estate project, within the last quarter of 2015.

Upon completion, the new project already in the pipeline would be known as Lorenzo, said to raise the bar of real estate industry in Nigeria.

The new project is coming months after Sujimoto construction company has not only gained recognition for its delivery and taste within the industry but has also sold out Medici Terraces, which features a class of design, luxurious finish and flawless attention to detail.

Lorenzo, according to the developer, was inspired by the Ritz Hotel & Apartments; it would be a world class hospitality bringing a redefinition in high value residential structures, comprising of two, three and four bedrooms and a fascinating addition of penthouses with private swimming-pool.

With Lorenzo, Nigeria’s hospitality sector, for the first time would be showcasing a five-star restaurant, spa, ultra modern gym, a virtual golf course, fitness studios, private jetty for boat owners, virtual golf course and Olympic size swimming pool, deluxe stores (by appointment only), roof top lounge and concierge services. The decor and lifestyle setting is synonymous to London’s Candy and Candy.

The project, it was said, would yield much return to investors. “Investors are assured of a solid rental return on investment at a rate of 15 percent almost double the current market value of 8 percent  Off-plan buyers of Lorenzo should expect a 60 percent minimum return on investment as demonstrated in Medici off plan sales to buyers who witnessed their property value appreciate from $900,000 to $1,300,000 upon completion.” 

The company says that residents of the Medici Terraces enjoy premium living to the fullest with 24 hours electricity, top of the line indoor and outdoor security, high speed broadband internet, ultra-modern gym, roof top lounge, concierge and efficient on-site facilities management service, giving the homeowners the ultimate luxury experience, and a true value for their money. 

“Individuals and corporate bodies interested solely in the purchase of the properties for investment are not left out, as a number of units have been purchased for the sole purpose of wealth maximization that afford these category of buyers’ 8-12 percent returns in annual rental income, apart from a residual value of at least 15 percent.” 

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