Investment activity is picking up steadily in Eko Atlantic City, as more developers and investors move into the fast-growing coastal district.
The latest entrant is Veritasi Homes and Properties, which has partnered with Cooperative Investment and Thrift Society Limited (COOPLAG) to begin construction of a new high-rise project known as Oyster Towers.
The 22-storey development, sitting on over 2,000 square metres, will feature 82 luxury apartments and penthouses aimed at redefining upscale urban living in one of Lagos’ most prestigious locations.
Planned amenities include a swimming pool, spa, sauna, gym, arcade section, squash court, a residents’ restaurant, landscaped surroundings, and secure parking.
Speaking at the groundbreaking, CEO of Veritasi Homes, Nola Adetola, described the project as a major milestone for the company. He said the goal goes beyond building structures, focusing instead on creating communities and raising standards in Nigeria’s real estate sector.
According to him, the company has built over ₦500 billion in assets, delivered more than ₦200 billion in capital gains for investors, developed over 1,000 housing units, and created more than 2,000 jobs. He added that Veritasi’s projects are designed as complete ecosystems where people can live, work, and thrive.
Lagos State Governor, Babajide Sanwo-Olu, who attended the ceremony, said the project reflects the growing confidence investors have in Lagos, particularly in areas like Eko Atlantic.
He commended both organisations for their credibility and contribution to the real estate sector, noting that developments like Oyster Towers signal a strong future for the state’s property market.
