Eko Atlantic City
real estate
Lagos, lagos, nigeria
Eko Atlantic is a magnificent new coastal city being built on Victoria Island adjacent to Lagos, Nigeria, to solve the chronic shortage of real estate in the world's fastest-growing megacity. It is attracting major investors who want to capitalise on development growth based on overwhelming demand. Standing on 10 million square metres of land reclaimed from the ocean and protected by an 8.5 kilometre long sea wall, Eko Atlantic will be self-sufficient and sustainable. It will include state-of-the-art urban design, its own power, clean water, advanced telecommunications and efficient living. The Business District alone covers 700,000 square metres combining Grade A commercial space with residences, restaurants and bars to ensure a cosmopolitan atmosphere. The project is privately funded by South Energyx Nigeria Limited – the developers and city planners, a subsidiary of the Nigeria-based Chagoury Group of companies – working in strategic partnership with the Lagos State Government and supported by the Nigerian federal government. Notable national and international banks have been quick to capitalise on the opportunities with three of Nigeria's biggest – FCMB, First Bank and Guaranty Trust Bank – partnering with Eko Atlantic, with support from BNP Paribas Fortis and KBC. For savvy investors, Eko Atlantic City represents far more than just surging Lagos land values. As Nigeria continues its unstoppable trajectory to become the financial capital of Africa, investing in Eko Atlantic opens unprecedented opportunities for tapping into the wider potential of the continent as a whole – widely recognised as the world's most promising growth horizon.
