Civic Centre Towers: commercial property

The commercial real estate market in Lagos has, in the past few years, enjoyed tremendous investor confidence and interest with huge investment portfolio in hotels and office space development.

After the Churchgate Towers, Victoria Mall Plaza, The Mansard Place, all iconic developments, Actis, Primerose and Laurus will, in the next 24 months, deliver their 14-floor Heritage Place touted as Nigeria’s first green building.

Today, the Civic Centre Towers is rising to change the Victoria Island skyline and also raise the bar in commercial real estate development with its 9,172 square metres space on 16 floors.

A brand new AAA commercial building in the heart of Victoria Island, the Civic Centre Towers is described by its promoters as “one-of-a-kind commercial development” strategically located at the intersection of Ozumba Mbadiwe Road and Adetokunbo Ademola Street in Victoria Island.

Also described as a new revelation in the commercial property market, the Towers has a panoramic water front view of the five cowries creek, and has iconic structures like the Civic Centre, Oriental Hotels, Mobil House, a Helipad, a jetty and other upcoming developments as close neighbours.

It is hoped that this iconic gold standard building will offer dynamic businesses, multi-national industries and financial institutions a high quality business environment in a vibrant urban location.

Its main features include a raised floor for electrical cable management on all lettable office floors and a double glazed curtain wall systems to minimise solar heat gains, while the facilities include plug and play internet facility, bore-hole and water treatment plants, two 500kva generating set, 6,060 square meters of lettable office areas, car parks for over 180 cars, coffee room, drivers lounge etc.

Fine and Country, a global real estate marketing and advisory firm with special focus on luxury and upscale developments, has been selected to provide advisory services for the project and is currently taking interests for its leasing.

According to the company, Civic Centre Towers is a response to global trends, explaining that with growth in industrialisation, commerce and technology, there is need for commercial hubs where businesses can thrive.

It notes that leading commercial cities such

A newly built five-storey office complex located in Ikeja metropolis. The complex rents at N30,000 per square metre per year. The first floor measures 219sqm, while the second and third measure 239sqm and 239sqm respectively. The fourth and five floors also measures 259sqm and 279sqm respectively. as New York, Tokyo, and London have continued to thrive as they attract and retain the best businesses and talents leading to accelerated economic growth.

“These cities serve as the corporate headquarters sites for multinational corporations, international financial institutions, law firms, conglomerates, and stock exchanges that influence the world economy and also contribute significant financial capacity to the city’s, region’s or even nation’s gross domestic product (GDP),” the company says.

In African cities such as Lagos, Johannesburg, Cairo and Nairobi, according to the company, there is growth and an emerging market in commercial activities as businesses are on the rise, noting that with improvement in infrastructure facilities, quality of life and the entrepreneurial mindset of the citizens more commercial buildings are being developed leading to thriving commercial cities.