Investment interest has continued to swell in Eko Atlantic City, with many investors flocking to the city and joining the league of residential and office tower developers.
The latest arrival in the city is Veritasi Homes and Properties, which, in collaboration with Cooperative Investment and Thrift Society Limited (COOPLAG), recently turned the sod to build 22-floor Oyster Towers.
The 22-storey development, sitting on 2,091 square metres of land, will deliver 82 luxury apartments and penthouses designed to redefine urban living in the city, which is one of Lagos’ most prestigious locations.
The development promises premium amenities, including a swimming pool, spa, sauna, and gym, arcade games, squash court, residents’ restaurant, landscaped grounds, and secure parking facilities.
Nola Adetola, Veritasi Homes’ CEO, described the project as another major milestone in the company’s journey, pointing out that they were not just breaking ground, but also marking a milestone in a journey that began with a simple but powerful conviction that real estate in Nigeria could be done better.
“Nine years ago, we looked at the landscape and decided to build not just properties, but trust, value, and a new standard for what real estate should represent. Beyond the numbers, what defines us is what we build and how we build it,” he noted.
He disclosed that, for them at Veritasi Homes, real estate is not about structures, but about communities.
Adetola highlighted the company’s achievements, including over ₦500 billion in assets created, more than ₦200 billion in capital gains for investors, over 1,000 housing units constructed, and more than 2,000 jobs generated.
He added that Veritasi Homes operates across the entire real estate value chain, delivering developments designed as ecosystems for living, working, and thriving. He said projects such as Itunu City, Camberwall series, Tinuola Towers in Banana Island, Allied Towers in Ikoyi, Malibu Hills in Asokoro, and Arámidẹ́ in Ibeju-Lekki reflect this philosophy.
Babajide Sanwo-Olu, the governor of Lagos State, who, together with Adetola, performed the groundbreaking ceremony, noted that the development reflected the steady growth seen in Lagos, particularly in areas like Eko Atlantic, which has continued to attract strong investment.
He added that the development speaks to the confidence in Lagos and its future, adding, “Veritasi and COOPLAG are very credible organisations, and I am proud to associate with them.”
The governor commended the management of Veritasi Homes and COOPLAG for the initiative, praising their track record in the real estate sector. He also highlighted their resilience, commitment, and strong pedigree, adding that he was proud to be associated with both organisations.