Download eko atlantic

SUB-SAHARAN AFRICA “LET THERE BE LIGHT”
NIGERIA
• Population: 183m – 2015
• 1 in 5 Africans is Nigerian
• GDP: $594bn – 2014
$521bn – 2013
• GDP growth:
Q1 2014 – 6.21 %,
Q1 2015 – 5.54 %
• Major industries: Agriculture, Manufacturing,
Banking, Mining, Telecommunications, Oil & Gas
POPULATION GROWTH
OF NIGERIA
REAL ESTATE MARKET - NIGERIA
• National housing shortage: 16 million
housing units
• Growing shortfall of housing units
• Investment for housing shortage $280bn
MORTGAGE INDUSTRY - NIGERIA
• Mortgage industry Nigeria
– Current mortgage loans as % of GDP:
0.5%, roughly $3bn
– Equivalent South Africa 22% ($77bn),
USA 61% ($10.2 Trillion)
– Huge growth potential
– Government & Banks programmes
LAGOS
KEY FACTS - LAGOS
• Largest population in Nigeria – Approx. 20m
• Largest port in West Africa
• Nigeria’s Commercial / Financial / Industrial
centre
• GDP: $45bn (2014), Ghana GDP $48bn
OPPORTUNITIES
• Lagos has 40% of the real estate activity
in Nigeria
• Lagos housing shortage = 5 million
homes
• Shortages in commercial & retail space
POPULATION
OFFICES
SHOPPING
MALLS
SUB-SAHARAN AFRICA
SOUTH AFRICA
(REGION)
(COUNTRY)
830
million
52 million
2 million2
15
million2
0.5 million2
21
million2
LAGOS STATE REAL ESTATE
CHALLENGES
• Basic infrastructure needs in short supply
• Lagos properties must supply own utilities:
- Self generated power supply
- Water distribution and treatment, sewage treatment
• Our solution? Eko Atlantic.
VIDEO PRESENTATION
KEY FACTS: EKO ATLANTIC
• Size: 10 million square metres
• Residents: 250,000, Commuters: 150,000
• Location: Adjacent to Victoria Island
• 100% Privately funded
• Eko Atlantic – a registered Free Zone
EKO ATLANTIC IS A FREE ZONE
Free Zone registered companies will enjoy:
• Easy registration
• Tax and investment incentives
• Duty exemptions
• 100% repatriation of capital, profits and
dividends
EKO ATLANTIC’S LOCATION
VICTORIA ISLAND
LEKKI
EKO ATLANTIC
VALUE ADDED AMENITIES 1/2
• Independent 24/7 utilities
- Independent natural gas power plant
- Independent water and sewage treatment plants
- State of the art fibre optic network
- 90% infrastructure completed by year end
VALUE ADDED AMENITIES 2/2
• Easy access to public transportation
- Direct access to Lagos ferry network
- Close access to planned Lagos rail network
- Direct access to planned West African coastal highway
EKO ATLANTIC PROGRESS
ACTIVE DEVELOPMENTS
1. 11 Residential towers
2. 15 floor Office tower
3. 2000 student International School
UPCOMING DEVELOPMENTS
1. Shopping Mall
2. Hospital
3. Business District
EKO ATLANTIC MASTER PLAN
LEKKI
SUB-SAHARAN AFRICA “LET THERE BE LIGHT”