The amount of office space under construction continues to grow as developers increasingly make bets that the requirements for prime office space in Lagos will rise. Some of the contractors/construction companies helping these developers build their assets have emerged as market leaders and this infographic seeks to illustrate this. Based on available data collected, this infographic ranks the contractors changing Lagos’ office skyline by number of office projects and size of leaseable office space under construction/constructed.
Over the past 5 years buildings like Churchgate 1 & 2, KPMG Tower, Eko Tower, Sapetro Tower, NITEL & Union House have defined Lagos’ office property skyline. New office development projects like the Civic Center Tower, Heritage Place, The Wings and Nestoil Tower among many others coming up across town are beginning to transform the city’s skyline.
The data compiled shows that Cappa & D’Alberto takes the lead in number and total size of projects. Some of their projects include the colossal Wings Towers (27,000), Civic Center Tower (8,096) and Kanti Tower (5,517). Elalan came 2nd in number of projects, some of which include the mixed use Sphere in Victoria Island, Kunoch HQ in Lekki and WAPIC’s HQ in Ikoyi totalling up to c. 16,650sqm. On the other hand, YF Construction’s office projects in Ikoyi and Victoria Island have a combined total 40,000sqm of office space meaning that they took 2nd place in size of projects. Other contractors like ITB are involved with Heritage Place (15,600) as well as Kingsway Tower (c.12,000). See the infographic below for more.
NB: Projects less than 3,000sqm were not considered. Though Rose of Sharon has an office component it was not considered because it is predominantly residential. This post first appeared on EstateIntel and was authored by Dolapo Omidire. EstateIntel is a site for analysis and commentary on Nigerian real estate and investment markets. For more information, contact Dolapo via email email@example.com referencing Hutbay.