Epe, Lagos State- once a serene and relatively obscure part of Lagos State, is rapidly transforming into a bustling hub of mega developments.

The axis is seeing significant investments in infrastructure, real estate, and commerce, making it a hot spot for investors, homeowners, and businesses alike.

Understanding these developments and how to leverage this information can provide substantial advantages for various stakeholders.

MEGA DEVELOPMENTS IN THE EPE LAGOS AXIS

1. Lagos Film City Epe Lagos

Projected to be the headquarters of entertainment in Africa, it is set to be built on 100 hectares of land in Ejinrin town, a serene and picturesque waterfront town in Epe. It is envisioned as a sanctuary for leisure, entertainment and learning where entertainment industry professionals can live, work and play in an environment tailored solely for them.

This 100-million-dollar project will have world-class facilities and features like a technology park, a school of creative art and entrepreneurship, residential and commercial real estate, a Nollywood walk of fame. It will be a modern-day sustainable city that will no doubt put Epe on the global map.

2. Isimi Lagos Located In Epe Lagos

Developed by Landwey, Isimi Lagos sits on over 124 hectares of land on the North side of the Lekki Lagoon. Isimi Lagos is located in Epe. Isimi Lagos is a confluence between nature, technology, architecture and serenity. ‘Isimi’ is a Yoruba for the word ‘peace of mind’, and Landwey claims they chose this name because Isimi Lagos is going to capture the very essence of rest and peace of mind.

Features and facilities in Isimi Lagos include: strictly renewable energy, recreational centers, A tech city aka Tech Valley, Horse stables, spa, etc.

3. The Proposed Lekki-Epe International Airport

This project was approved in October, 2022. It will be sited on 3500 hectares of land and is designed to carry 5 million passengers per annum with a large area for expansion in the future.

The Lekki-Epe International airport is set to enhance connectivity and further boost the local economy. Improved accessibility will attract businesses and tourists alike, making Epe an increasingly desirable place to live and invest in.

4. Lekki Free Trade Zone

Epe is a strategic location with immense potential. Its proximity to the Lekki Free Trade Zone and the Dangote Refinery has drawn significant attention from investors, entrepreneurs, and workers.

The Lekki Free Trade Zone is a world-class business hub offering an ideal environment for business growth, while the Dangote Refinery is poised to become the largest oil refinery in Africa. These mega-projects have made Epe an increasingly attractive destination for real estate investment.

5. Dangote Refinery

Set to be the largest oil refinery in Africa, the Dangote Refinery is a game-changer for the region. Located in Ibeju-Lekki, just a short distance from Epe, the refinery will significantly contribute to Nigeria’s GDP and reduce dependence on imported refined petroleum products.

The influx of workers and the accompanying need for housing make Epe a prime location for real estate investment.

6. Dukia Africa Resort In Epe Lagos

: This is the largest resort estate in Africa and the largest resort in Lagos. Dukia Africa is located in the serene town of Molajoye town, Epe. The concept behind Dukia Africa is that it will change the entire real estate ecosystem in Lagos and beyond. Dukia Africa aims to mix luxury, nature and entertainment in one location.

Features to be expected of Dukia Estate are perimeter fencing, superb drainage system, interlocked roads, gyms, basketball courts, fields, heck- even a zoo.

7. Lekki Deep Sea Port

Another critical project in Ibeju-Lekki is the Lekki Deep Sea Port. It is the largest seaport of Nigeria and one of the biggest in West Africa. Lekki port is to be expanded to have a capacity of handling around 6 million TEU of containers and a significant volume of liquid and dry bulk uncontainerized cargoes.

The port is to be equipped with ships able to transport over 14,500 containers. It is projected to be the largest Deep Sea Port in West Africa. The increased economic activity will spill over into Epe, raising property values and stimulating local businesses.

8. Alaro City

Alaro City is an integrated city development within the Lekki Free Trade Zone. Alaro City serves as the primary residential hub within the Lekki Free Trade Zone, It includes residential, commercial, industrial, and recreational facilities.

Alaro City’s proximity to Epe makes the latter an attractive location for those looking to benefit from the city’s modern infrastructure and amenities without the higher costs associated with living directly within the city.

9. Lagos State Food Security Systems and Central Logistics Hub

This mega project is located at Ketu-Ereyun, Epe, and was flagged off for construction on the 24th of August, 2022. Sitting on 1.2 million square meters of land, The Lagos State Food Security Systems and Central Logistics Hub is said to be the largest food logistics park in Africa.

Food transactions in Lagos are estimated to reach N5 trillion annually. Despite this, farmers face significant losses, with 40 percent of their produce, valued in millions, being wasted daily due to inadequate post-harvest storage systems.

Governor Sanwo-Olu stated that the establishment of a central food hub would ensure greater returns for farmers and investors in the agro-allied sector. This facility aims to eliminate multiple layers of middlemen and enhance access to modern processing and packaging services.

On completion, the Lagos State Food Security Systems and Central Logistics Hub is expected to create direct wealth for more than five million traders in the agricultural value chain, while guaranteeing uninterrupted food supplies to more than 10 million Lagosians, at least, 90 days, in a period of scarcity.

The hub will have storage facilities for more than 1,500 trucks that will daily service the needs of thousands of operators within food value chain throughout the year, while large commercial transactions would be processed in the facility.

WHY INVEST IN EPE LAGOs?

Affordable Land Prices

Currently, land prices in Epe are among the most affordable in Lagos. Compared to the high costs in Lekki, Victoria Island, and Ikoyi, Epe offers a much lower entry point for investors. However, with ongoing and upcoming developments, these prices are expected to rise, making now the perfect time to invest.

Epe Lagos Has Dry Land and Favorable Topography

Unlike many parts of Lagos Island prone to flooding, Epe boasts dry land and a favorable topography. This not only makes construction easier and more cost-effective but also ensures long-term safety and stability for properties.

Economic Growth and Job Creation

The influx of multinational companies and large-scale projects in and around Epe is creating numerous job opportunities. This economic growth is expected to attract a large workforce, driving demand for housing and commercial properties.

HOW TO USE THIS INFORMATION TO YOUR ADVANTAGE

Invest Early In Epe Lagos

Capitalize on the current low land prices before they surge. Early investment in land or property in Epe can yield significant returns as the area develops and demand increases.

Choose Strategic Locations

Focus on areas within Epe that are closest to the major projects like the Dangote Refinery and Lekki Free Trade Zone. Proximity to these developments will enhance property values and rental yields.

Diversify Property Types

Consider a mix of residential and commercial properties. With the expected influx of workers and businesses, there will be a high demand for both housing and commercial spaces.

Leverage Payment Plans

Take advantage of flexible payment plans offered by developers. This can help manage cash flow while securing valuable real estate. For instance, some estates offer up to 12-month payment plans with an initial deposit.

Monitor Infrastructure Developments

Stay informed about ongoing and upcoming infrastructure projects like the proposed international airport. These developments will significantly impact property values and can guide your investment decisions.

Conclusion

Epe’s transformation from a quiet town to a bustling economic hub is well underway. By understanding the mega developments in and around Epe and strategically investing in this mega developing area, you can maximize your returns and secure a foothold in one of Lagos’s most promising real estate markets. Don’t miss out on the opportunity to be part of Epe’s exciting growth story.

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