Alaro City voted Emerging Project of the Year
Alaro City, the inclusive, mixed-use city-scale development in the Lekki Free Zone, has been awarded “Emerging Project of The Year” at the Africa Real Estate Awards (AFRECA) organised by PropertyPro.ng, the leading property portal in Nigeria.
Launched in January 2019, Alaro City is planned as a 2,000-hectare new city that will include industrial and logistics locations, complemented by offices, homes, schools, healthcare facilities, hotels, entertainment and 150 hectares of parks and open spaces. The project is a joint venture between the Lagos State Government and Rendeavour, the largest new city builder in Africa.
Commenting on the award, Odunayo Ojo, CEO of Alaro City, said: “We are honoured by this latest recognition of Alaro City’s innovation and success. It is a demonstration of the professionalism that characterises our work at Alaro City, which serves as a magnet for the numerous international and local investors building their business and homes with us.”
In July, Alaro City also won the international Architizer A+ Popular Choice Award in the masterplan category. The city’s masterplan was shortlistedfrom a range of large-scale international projects and was the only entrant from the African region. Alaro City was nominated alongside prestigious projects such as the Amazon HQ2 supersite in Dallas and the 5M project in San Francisco.
“Alaro City leaves no-one in doubt that the model for an inclusive satellite city is finally here in Nigeria. This award is well deserved,” said Sulaiman Balogun, co-founder of PropertyPro. “As this exciting city takes shape, the property market is delighted that it will shape the future of real estate in Nigeria.”
PropertyPro.ng, which acquired Jumia House Nigeria in 2017, has over 200,000 property listings of both public and private property. AFRECA is an annual gathering of the industry’s finest minds, top-level business leaders and decision-makers across Africa.
Alaro City has already sold out phase one of its residential “buy-and-build” plots, with phase two well underway. Several Nigerian, regional and multinational companies are building commercial and industrial facilities in the city. The construction of the city’s first 3.5 km road is in progress, with completion of the first phase expected this year.