Alaro City in early recognition, wins estate surveyors award

For the developers of Alaro City, the new city’s recognition by a foremost professional body in the Nigerian real estate sector, the Nigerian Institution of Estate Surveyors and Valuers (NIESV) is no mean feat coming to it just a couple of years into its development.

The inclusive new city, being developed in the Lekki Free Zone, was at NIEV’S Honours Night at the weekend, recognized and awarded ‘The Most Notable Development Project’ by the professional body.

A joint venture developmen tb yr en de av our and lag os State Government, Alaro City is a mixed-use, city-scale development with master-planned areas for offices, logistics and warehousing, homes, schools, healthcare facilities, hotels, entertainment and 150 hectares of parks and open spaces.

Odunayo Ojo, Alaro City’s CEO, described the city’s award as a testament to the hard work and dedication by the whole team at alaro city. he dedicated it to the team behind the project, noting that the city’s success “is not possible without the cooperation of our partners, the Lagos State government.”

In January, Rendeavour, Africa’s largest new city devel

oper, formally launched Alaro City. Situated in the Lekki Free Zone, the city has received fast track investment from Rendeavour due to high demand from the Nigerian market.

The first manufacturing facility, constructed on 5.4 hectares, is due to be operational by August. Additional facilities for steel fabrication and fast-moving consumer goods are under development. The first phase of urban infrastructure, including the first three kilometres of road, water supply and an independent power plant, is underway and due for completion by December.

“We congratulate Alaro City on receiving this award,” said O lu rog bao rim a lade, chairman of Ni esv,lagoss tate chapter .“Alaro City is providing unique solutions to rapid urban growth, not just to the Lekki Free Zone, but to Lagos State and Nigeria,” he added.

The awards night focused on the theme ‘Promoting Professionalism in the City of Lagos’ and handed out awards in seven categories. witch tech company won the ‘Corporate Building Material industry development Award’, Stanbic Capital won the ‘Corporate Real Estate Finance Award and the Lagos Land Bureau won the ‘Outstanding Government Agency Award’.