It was with fanfare that the much anticipated Imperial International Business City (IIBC), was officially launched last Saturday.
The multi-billion naira imperial international business city project, located in Eti-Osa Local Government Area of Lagos State, was the brain child of Messrs Channeldrill Resources Limited, a real estate developer, in conjunction with the Elegushi Royal Family (ERF), as co-investors.
Described as a smart and eco-friendly city, imperial international business city is set to define the standard of urban development in Africa. Besides, it is an island designed to attract the best companies across the globe.
Speaking at the event, General Manager, Dredging International Services Limited, the consultant that handled the reclamation work, Mr Stefan Van Velthoven, while allaying the fear of possible flooding that has been the hallmark of Lekki axis, said his firm has done all the needful that would make the city a flood-free zone.
According to him, every consideration was put in place to ensure the safety, serenity and comfort planned for the IIBC. His words: “We have been collaborating with with Channeldrill Resources to ensure that nothing untoward happen in the future. We have set 2.5 metres above the sea level and we had already mobilized to site equipment to commence the first phase of sandfilling, which is about 100 hectares and within the next one year, we will complete the second phase,” he said.
Speaking on the project, the Managing Director of Channeldrill Resources, Mr Femi Akioye, while stating that IIBC is a new city that is being built from the scratch, added thatthe firm has decided to make it a fully planned city with distinct zones and building regulations. Each zone, he explained, will have low, medium and high density areas with water view. He said the land to be built on will be completely reclaimed from the Lagos lagoon, with dredging of between two and 2.5 metres above sea level to avoid flooding, which is common in the Lekki axis.
Similarly, Oba Saheed Ademola Elegushi, whose family is the co-owner of the project, stated that based on the rising population of Lagos State, and in view of the fact that land has become an essential commodity, the family thought it imperative to contribute to the accommodation needs of the people.
“Besides, this is a legacy, not necessarily for making money. We have travelled all over the world and we see the infrastructural wonders in all those places. Then, I asked myself, is it a curse that the black man cannot do something better? That was part of the reason for conceiving the project. Initially, it was like a dream, but we thank God, it has become a reality,” said the traditional ruler with an air of satisfaction.
The Imperial International Business City (IIBC), is the next big thing in Lagos for the discerning real estate investors. It is set to be delivered faster than Eko Atlantic city and similar projects in Lagos.
With a total land area of 200 hectares, IIBC will be zoned into residential, mixed use and commercial areas. Each zone will have low, medium and high density area, each zone will also be divided into inner city, water ways view and Lagoon view areas.
The project’s top end Infrastructure includes Roads, Waterways, Underground drainage, Sewage, Water and water treatment plant, Independent electricity ( Gas Generated), Fiber optics cable, Cloud enabled Communication network and smart city/house infrastructure for willing subscribers, a mini marina, First Smart Shopping Mall in Africa, Cloud enabled 24 hours spy eyed security connected to a central security center, World class hospital within a dedicated Healthcare Zone.
The access roads to the imperial international business city are currently three which are Freedom Road through Lekki Phase 1 (Lekki Third Roundabout), Kunsenla Road by 4th Roundabout off Lekki-Epe highway, Oba Saheed Ademola Elegushi road by SPAR supermarket before Jakande. Other access roads will be through Femi Okunnu and Jakande roundabout in the future.
Land will be sold at plot sizes of 650 square metres, 800 square metres, 1000 square metres and 1200 square metres. Buyers will get a Contract of Sale documents immediately payment is confirmed.
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