Heritage Place and Kings Tower are two of the latest commercial developments underway in Ikoyi, Lagos. This bodes well for tenants seeking A Grade office space near the viable commercial axis of the city.
Heritage Place
Area : 15,736 sqm
Floors : 15 (8 Floors dedicated to Office Space)
Site Area : 4,110.72 sqm (Site Coverage 40%)
Location: Lugard Av & Kingsway Rd. Intersection.
Heritage Place is a collaboration between UK/Nigeria in many respects. Actis is a company founded in the UK, that includes Nigerian personnel and Nigerian interests. They represent the private equity backing this venture. The UK/Nigerian collaboration however does not end there, with British Architects (Capita Symonds) having worked alongside ECAD of Nigeria to develop the design. Other consultants involved in this development are Morgan Omonitan & Abe Limited and Primrose, just to name a few. Construction is well underway in many respects, with the structural core and elements of the immediate floors progressing steadily.
Heritage Place is a development that will have a lot of boxes ticked. It has a multistory parking facility embedded in the design and it is also an energy efficient building. It promises a reduction of 25-30% of standard energy usage and it also promises to embody the principles of indoor air quality, passive lighting/ventilation, as well as grey water and rain water harvesting.
Heritage Place
Area : 15,736 sqm
Floors : 15 (8 Floors dedicated to Office Space)
Site Area : 4,110.72 sqm (Site Coverage 40%)
Location: Lugard Av & Kingsway Rd. Intersection.
Heritage Place is a collaboration between UK/Nigeria in many respects. Actis is a company founded in the UK, that includes Nigerian personnel and Nigerian interests. They represent the private equity backing this venture. The UK/Nigerian collaboration however does not end there, with British Architects (Capita Symonds) having worked alongside ECAD of Nigeria to develop the design. Other consultants involved in this development are Morgan Omonitan & Abe Limited and Primrose, just to name a few. Construction is well underway in many respects, with the structural core and elements of the immediate floors progressing steadily.
Heritage Place is a development that will have a lot of boxes ticked. It has a multistory parking facility embedded in the design and it is also an energy efficient building. It promises a reduction of 25-30% of standard energy usage and it also promises to embody the principles of indoor air quality, passive lighting/ventilation, as well as grey water and rain water harvesting.
Kings Tower
Floors : 15
Engineers: Sutherland Engineering
Location: Glover Rd. & Kingsway Rd. Intersection.
Kings Tower is similarly designed by International Architects, this time SAOTA, based in Capetown South Africa. This is an architectural firm particularly concerned with intricate and explicit attention to detail. That level of treatment, can be seen in the facade screen of the Kings Tower, which has a twofold purpose of filtering the elements, as well as creating an aesthetic in its own right. The undulating coffered canopy that protects the podium level, also bears similar traits.
This is also a 15 floor development, but it also features mixed uses, as it features ground floor retail and restaurants. Construction is also underway, albeit at a less advanced stage than Heritage Place (Which is now letting). The architects here, have chosen to express a more pronounced approach to "Green Architecture" than the former, with the presence of vegetation in the spine of the facade. The building's orientation is also critical, with the east and west faces minimized for reduced solar exposure.
Market Outlook
Without a shadow of doubt, these two entries mark a positive period for 'A Grade' Nigerian commercial ventures. It only remains to be seen, how LASG will be able to coordinate with the hybrid growth of Ikoyi (With developments of varying scales and uses). Ikoyi is traditionally an exclusive residential district and has been since colonial times. The proliferation, however of developments in excess of 10 floors (mostly 15 - 20 floors), does pose a challenge for local government coordination. It can be argued that urban morphology (Which is concerned with urban grain, land patterns) is being thrown out the window. It can also be argued that, there are issues forthcoming with regards to privacy, traffic conditions, overshadowing of property, noise pollution and other concerns posed when zoning and site requirements are not coordinated.
Hybrid districts are a positive trend in urban development and transit oriented developments for example, do support such principles, however the appropriate densities and relationships between mixed elements, is something that the Lagos State Governments will have to consider.
The commercial justification, is the appropriate utilization of land values (Which are quite high in Ikoyi), however this should not negate appropriate land use characteristics.
Floors : 15
Engineers: Sutherland Engineering
Location: Glover Rd. & Kingsway Rd. Intersection.
Kings Tower is similarly designed by International Architects, this time SAOTA, based in Capetown South Africa. This is an architectural firm particularly concerned with intricate and explicit attention to detail. That level of treatment, can be seen in the facade screen of the Kings Tower, which has a twofold purpose of filtering the elements, as well as creating an aesthetic in its own right. The undulating coffered canopy that protects the podium level, also bears similar traits.
This is also a 15 floor development, but it also features mixed uses, as it features ground floor retail and restaurants. Construction is also underway, albeit at a less advanced stage than Heritage Place (Which is now letting). The architects here, have chosen to express a more pronounced approach to "Green Architecture" than the former, with the presence of vegetation in the spine of the facade. The building's orientation is also critical, with the east and west faces minimized for reduced solar exposure.
Market Outlook
Without a shadow of doubt, these two entries mark a positive period for 'A Grade' Nigerian commercial ventures. It only remains to be seen, how LASG will be able to coordinate with the hybrid growth of Ikoyi (With developments of varying scales and uses). Ikoyi is traditionally an exclusive residential district and has been since colonial times. The proliferation, however of developments in excess of 10 floors (mostly 15 - 20 floors), does pose a challenge for local government coordination. It can be argued that urban morphology (Which is concerned with urban grain, land patterns) is being thrown out the window. It can also be argued that, there are issues forthcoming with regards to privacy, traffic conditions, overshadowing of property, noise pollution and other concerns posed when zoning and site requirements are not coordinated.
Hybrid districts are a positive trend in urban development and transit oriented developments for example, do support such principles, however the appropriate densities and relationships between mixed elements, is something that the Lagos State Governments will have to consider.
The commercial justification, is the appropriate utilization of land values (Which are quite high in Ikoyi), however this should not negate appropriate land use characteristics.