Eko Atlantic: Facts and Figures for Developers and Individuals
KEY FACTS: EKO ATLANTIC
Size: 10 Million Square Meters.
Residents: 300,000, Commuters: 200,000.
Location: Adjacent to Victoria Island and Lekki.
100% Privately Funded.
Eko Atlantic: Financial, Commercial, Residential Free Zone
LAND SALES
Phase1 and 2 Land Size approx. 2,200m2 – Price$1,150 (N885,500) per sqm – (N1.9Billion Per Plot)
Phase 3 Land–Size appor x.1,200m2- Prices$1,050 (N808,500) per sqm (N972 Million Per Plot)
THE GREAT WALL OF LAGOS
Purpose is to protect the City from ocean surges.
Composed of a concrete wave deflector wall, and upon completion, it will include a scenic 12m pedestrian promenade.
Height is 9m above sea level, length is 8,5km and the width is 46m.
Proven to have the ability to withstand and endure the most severe tidal surges forecast over the next 1000 years.
INFRASTRUCTURE
World-class roads network, purpose built and privately maintained
Autonomous city, fiber optic network connected and managed by Eko Atlantic.
Dedicated power station, water & sewerage treatment plant.
Regional shopping mall, International hospital & school
Direct access to Lagos Rail Network, West African Coastal Highway and Lagos Waterways
Electricity: 70MW expandable to 1.5GW power plant.
Efficient Lighting: Led for street lighting.
Potable Water: 10,000m3 Per Day expandable to 100,000m3.
Smart city planning working in line with city-wide fiber
Optic network.
State-of-the-art sewage facility.
Extensive underground stormwater drainage
www.ekoatlantic.com
BUSINESS DISTRICT
650,000m ² of land available for Development/ Co-development.
Eko Boulevard – 2 Kilometers long, 60 meters wide
With a F.A.R. of 6, the potential for Residential & office development is around 3.9 million Sqm.
THE MARINA DISTRICT
760,000 Sqm Of Land.
300m Wide, 70,000 Square Meter Marina. Enough Space For a Hundred Boats to Dock.
Surrounded by a large base pedestrian walkway of more than 1km long accommodating restaurants, retail and open spaces.
With an F.A.R. of 6 the potential for residential, commercial and hotel development is around 4.5 million Sqm.
THE SHOPPING MALL
Largest mall in Sub-Saharan Africa.
High-quality retail layout for a great shopping experience.
Vast amenities for entertainment (Food Courts, Cinema, Playground) Ample and efficient parking within the premises
WHY TO LOCATE IN EKO ATLANTIC?
The economic free zone and the significant cost savings this will offer investors and occupiers.
Land Economy: Develop the same size building on a smaller site due to the higher floor area ratios (FAR) on offer at Eko Atlantic (1 to 2 parking floors below street level and above water table)
Lower construction costs. High-quality soil resulting in reduced piling costs. Excavation costs are reduced, site preparation is already completed, and dewatering costs are eliminated or significantly minimized.
No need for additional infrastructure, boreholes, generators, water treatment and sewage disposal.
ECONOMIC FREE ZONE HIGHLIGHTS
Complete holiday from all Federal, State and Local Government taxes, rates, and Levies.
Duty-free importation of capital goods, machinery/components, spare parts, raw materials and consumable items in the zones.
100% foreign ownership of investments.
100% repatriation of capital, profits and dividends.
Waiver of all Imports and export licenses.
One-stop approvals for permits, operating license & incorporation papers
Waiver on all expatriate quotas for companies operating in the zones
Contacts:
Mr. Adejuwon Ademola
Executive Director
+2348023061496
ademola.adejuwon@hemsworthservices.com
www.dumarcoltd.com
www.hemsworthservices.com
