A real estate firm, Eystone Development, has launched the second and third phases of its fast-selling Gemstone Estate at Eleko, Ibeju-Lekki, even as the company targets the rapid expansion of development in the Ibeju-Lekki axis of Lagos, an area fondly tagged, ‘The New Lagos’.
The launch of the estates, which took place last Saturday, attracted over 500 realtors, business partners, investors and prospective landowners from across Lagos.
With a land area of over 455 km2 and an estimated population of 117,481(200 census), Ibeju-Lekki is one of the largest Local Government Areas (LGAs) in Lagos and yet, one of the most sparsely population.
However, with renewed focus on the area, it is expected to become a future central hub for business, manufacturing, warehousing, and logistics.
Some of the major ongoing projects in the area include the Lekki Free Trade Zone, Dangote Refinery, Lekki Deep Sea Port, Lekki International Airport, and Eleganza Industries.
As more people move into Ibeju-Lekki to live or do business, real estate companies like Eystone Development are helping to fast track development by facilitating a smooth land ownership, offering flexible payment structures.
“We want to be part of the development story of Ibeju-Lekki by helping people find their feet here,” said Hassan Ismail, CEO/co-founder of Eystone Development.’’