SOME operators in the real estate sector are to deliver a mixed-use development in the Lekki area of Lagos.
The upscale estate, known as Ostia Island, is man-made reclaimed, and is expected to redefine luxury.
According to the developers, the estate seeks to provide 100 hectares in line with the Lekki Master Plan.
Senior Partner, Samson Agbato Consulting, consultants to the project, Samson Agbato, said it would be a live, work and play community on completion.
He said: “Ostia Island is a site and services project. We are trying to create an environment to live, work and play with a renewable and sustainable energy.
“We want to create an atmosphere that is pure for the people who are living there. We understand global warming and pollution and a lot of other things that are wrong with the environment. So, Ostia Island is going to be designed to be conscious about these things; the water people drink and air they breathe in. We are channelling these into real estate development to ensure that people who live there remain healthy.”
He said though the island would be developed on 100 hectares, but that the promoters were seeking investors in about 10 hectares.
“We have commercial, residential area and recreational area. So, there is a lot investors can do with the land they buy. An investor can build anything they want as long it complies with the planning and building code; every investors must also conform to the plan of the island, especially the renewable energy. There is provision for instalmental payment,” he said.
According to him, Ostia Island will be a residential and business development area with facilities to make it a community. These include a mall, police station, medical, educational, recreational facilities, religious houses, and a jetty.
On the objectives of the estate, Agbato said it would provide more reclaimed land for sustainable development.