With luxury real estate increasingly blending local heritage with global design influences, creating unique, destination-specific luxury experiences in residential properties, Nigerian firms are also influencing the market, offering investors and home buyers enhanced value propositions.

Palton Morgan, which unveiled its new mixed-use development that comes with opportunities for living, working and playing, is known as Paramount Twin Towers (PTT). It is a testament to the holding company’s commitment to crafting exceptional properties that epitomise elegance and luxury living in line with its luxury real estate development brand that sets the benchmark for opulence, innovation, and quality.

Essentially, PTT will rise to 13 floors on completion. Currently, the 7th-floor slab casting is underway just as all vertical elements and casting of the staircase in tower B are in progress. In Tower A, the construction of vertical elements from the 6th to the 7th floors is advancing steadily along with the lift and column work.

To ensure that residents are not confined to their apartments and also to ward off boredom, provision has been made for community living that includes indoor recreational spaces and a range of facilities that allow residents to meet and socialise outside their apartments. The facilities are a community hall; indoor children’s play area; gym and fitness facilities; outdoor walking tracks, a prayer area and a café.

Also, PTT boasts spacious rooms, ocean view, adequate parking per unit, elevators, terraces, a swimming pool, a gym, natural lighting and ventilation, a fenced and gated environment, maximum security and 24/7 power supply.

It also provides ample covered and surface car parking for its residents and their visitors. It has dedicated covered car parking on three levels for residents designed for convenient and easy access with spacious landscaped drop-off areas for each tower.

Located in Victoria Island, Lagos city’s most vibrant economic hub, harbouring head offices of expatriate firms, oil and gas companies and top-tier banking institutions, the project is 200 metres away from the Atlantic Ocean and connected to major road networks. The development will also benefit from the 700-kilometre Lagos-Calabar coastal highway, which promises inter-state connectivity, trade and tourism activity along the coast.

This road network ensures easy accessibility to all parts of Victoria Island, Lekki and Ikoyi. This means that residents have easy access to major offices and business areas, residential areas, schools and shopping malls which are within easy reach.

To deliver a project of high build quality, the firm has recruited top consultants to crystalise these facilities, an Executive at Palton Morgan Holdings, Mumtaz Zaidi, assured that they have selected project partners that will work “to exceed our customers’ expectations.”

The partners are Business Contracting Limited (BCL) (main contractor); ECAD Architects (design architects); Trevi Foundation Nigeria (piling contractor), and Africa Plus Dolphin Works Construction Limited (APD) (project management).

Armed with the knowledge that luxury real estate investors and home buyers are people with discerning minds in terms of class and taste, the firm usually conceives, designs and implements its developments as a redefinition of modern living and investment assets with high returns potential.

“Palton Morgan is on a mission to lead the real estate sector in Africa with revolutionary ideas and strategies that will fuel great innovations within the Nigerian property market. We are building sophisticated masterpieces and creating new standards for luxury living,” the company’s Head of Brands & Marketing, Folake Johnson told newsmen at the weekend.

Johnson explained that “the Paramount Twin Towers is among the most desired sophisticated projects in the luxury real estate segment,” assuring that, when completed, it will be a significant part of their customers’ success stories.

She said that no effort is being spared in their determination to deliver the project on schedule to give investors value for their investment, adding that, because of the project’s high return on investment potential, buyer interest has been strong.