Eleko junction is a very strategic location. Eleko junction is an intersection between the highly industrialized Ibeju Lekki that leads to Amen Estate, several private beaches, the four free trade zone divisions including the dangote refiney and the peaceful highly residential Epe local government of lagos with tons of residential estates, institutions of learning, resorts and solid infrastructure.
If it isn’t already in your portfolio here is why you should start thinking of investing in Eleko junction and its environs/axis.
The Governor of Lagos state, Babajide Sanwo Oolu flagged off the first phase of the expansion on the Lekki-Epe Expressway last November 2021.
The first phase of the road expansion is a 18.7 kilometre 6 lane rigid pavement carriageway that begins from eleko juntion in Ibeju Lekki to Epe T junction, Epe.
It consists of three lanes in each direction of the road, with a dedicated lane for heavy moving trucks.
At the time of the Governor’s inspection in January 2022, the contractor had completed a stretch of 3km lane from Eleko Junction inwards Epe, while the right-of-way for the entire project has been fully cleared.
Some features on the already completed stretch, include drainage channels, kerb and segregated lane for heavy-duty vehicles.
The second phase of the project, which will start later this year, stretches 26.7Km from Eleko Junction to Abraham Adesanya Junction in Eti-Osa axis. This construction is a precursor to the popular 4th mainland bridge.
The construction of the 6-lane Ibeju-Lekki-Epe expressway will be completed and commissioned by the first quarter of 2022.
This is a wonderful time for road infrastructure in Ibeju Lekki and it all starts from eleko junction.
Soon, owning a property along the Lekki-Epe expressway Ibeju Lekki axis would be like owning valuable real estate like Shoprite jakande mall/Shoprite Sangotedo.
That is why if you have an opportunity to own property by eleko junction, you should jump at it.
Not only is the fact that eleko junction intersects Ibeju Lekki and Epe; eleko junction is just by Lekki Epe expressway.
This is a good thing for several reasons; the perfect access road, (literally cannot get a better access road), means ease of movement.
When the refinery and other industries and factories in the free zone start-up there will be massive thoroughfare. If you live or work deeper down in Ibeju Leki environment; you would need to try to get off Free trade zone expressway and the navigate by massive trucks and machinery before linking to Lekki Epe expressway.
Although the planned 8-10 lane coastal road will tackle this - pending on when this is completed, there will be some stain from thoroughfare from the petrochemical industries and other factories.
But because your property is along the expresway, you just need to drive or walk out and you are at Lekki-Epe expressway and you are good to go.
Idera Scheme, just before Eleko junction was set apart largely for development per the Lagos state blueprint.
There are two major verified properties in eleko junction axis;
The Lagos state government several times within the past few years and even this year 2022 has demolished shanties along the Idera housing scheme - allocating land directly to real estate developers as this is a residential area like the state masterplan shows.
The government intends for housing estates in this area. So not only is the land free/not commited for government acquisition, the survey/red copy indicates the title has been perfected - C of O.
So if you buy land here you would be buying the safest type of property in Lagos.
Epe has become the rave over the past with land going for as much as NGN400,000 per sqm in an estate like Isimi Lagos. One can draw a line of attribution to Alarocity, a multi million dollar partnership with Lagos state and Rendeavour.
Rendeavour, one of the largest new city and industrial park builders in Africa.
Alaro City is one of the fastest growing real estate and urban development project in Nigeria. It is conceived on 2,000 hectares of land in the Lekki Free Zone and will have spaces for light industrial, commercial, residential and other complementary uses.
Alaro City is a secure, predictable and proven environment for individuals and businesses, and already home to investments by notable global and local business such as BUA Group, Ariel Foods, Kenol, SANA Group and international real estate developers like Universal One and Talentcity and other investors.
Just as you can draw a line of attribution from Alaro city and development in Epe, you can literally draw a line, which exists as a 6 lane road - from Alarocity to Eleko junction with main beneficiaries and Epe and Eleko junction axis.
Since a 6 lane highway highway links Epe to Eleko junction, the industrialization of Epe, the residential estates and the agrarian economy has easy and seemless access to Lagos island through Eleko junction.
This place is central and pivotal to many activities, movements and investments from Ibeju Lekki to Epe.
Alarocity has catalysed investment and residential estates in Epe in hundreds. So commercial activitiy between Epe and Ibeju Lekki would have as its nucleus - Eleko junction.
Other amazing projects like Isimi Lagos, Dukia Africa are also in the vicinity.
Lekki-Epe International Airport is a proposed airport in Ibeju Lekki, designed for a capacity of 5 million passengers annually. It is going to be the first airport in Lekki, Lagos island, to be sited adjacent to Alaro city.
It will be designed to cater for the Airbus A380, making it a Code F compliant airport.
To cost well over $400million, the development of phase 1 of the airport, includes an airport terminal building, air traffic control facilities, airfield ground lighting, and navigation air and aircraft ground services.
Do you know the strain this airport would reduce from the Ikeja based sole international airport in Lagos? Alot of people in the Lagos island/ Ibeju Lekki would want to use this airport instead of going to the airport in mainland Ikeja.
And where would they pass? your guess is as good as mine - through Eleko junction! So this axis would attract traffic and thoroufare from all of Lagos island and Epe.
Talent city would be a one-stop residential estate for tech and IT talents in Lagos Nigeria and surrounding states.
Let me tell you how massive this is; Iyin, the brain behind this project - has driven over $4bn dollars in valuation from his previous investments in just Andela and Flutterwave alone.
He has a whole pool of Tech Venture Capitalists, founders and angel investors willing to back him and fund the realization of this project to the T.
This city in a city would attract both local and international tech talents and expats from around the world.
Since this is a free trade zone that has other petrochemical and chemical industries nearby; Talent city would also attract other oil and gas professionals, expats, foreigners and other high networth individuals.
Because fx controls and policies won’t apply here, these residents would be spending, transacting, and trading in dollars.
This $13million dollar investment is another masive investment in the Free Trade zone Lekki-Epe axis that makes Ibeju Lekki all the more a valuable investment destination.
And just like we mentioned above; you can draw a literal straight line from Talent city in Alarocity to Eleko junction.
Because Ibeju Lekki lies along the coastline, flanked by the atlantic ocean and the lagoon - it is a natural site for beach resorts in Lagos and so many investors are already exploring this investment opportunity.
La campagne tropicana, Jara beach resort, chaka beach, just to name a few are beach resorts sited in Ibeju Lekki along the Eleko beach.
Jara beach resort
La campagne Tropicana Ibeju lekki
This rapid commercialization and ‘gentrification’ of once mostly rural ibeju lekki is happening right before our eyes!.
Here are some of the amazing deals in this axis
Lagoon front estate 10m to 15m for 500sqm
Dynamic city Ilamija facing the expressway Ibeju Lekki 600sqm 7m-9m.
It has a topography perfect for residents seeking a tranquil and natural environment.
ITÙNÚ City and Residential, is in proximity to significant landmarks such as; the Epe Resort and Spa, Epe Fish Market, Craneburg Lagos Yard, and Neander International School.
It has features such as; road network, water, electricity, drainage system, central sewage system, lofthouses, green areas (recreational spaces), a family entertainment center.
To check other land for sale in eleko click here.