Holdings had the sod-turning ceremony, an event to flag off the construction of Falomo Towers, a mixed development high-rise complex in Ikoyi – Falomo Towers being developed in partnership with Afriland Properties and Lagos State Development and Property Corporation (LSPDC).
This project has been a long time coming. It has been a project in the works for over 8 years. Thanks to Governor Babajide Sanwo-Olu and other leaders of the State for making this a reality. What we are witnessing today attests to 2 things: The belief and support for the private sector to succeed in Lagos state and the power of dialogue and resilience.
At the conception of this project, there were commercial disagreements but there was focus on what was important, improving the Lagos skyline. The result is a bigger, better and bolder project every Lagosian would be proud of. The lesson here is when faced with difficult moments and the first thought is to fight, take a step back and reflect again, often times, there is another solution.
As Babajide Sanwo-Olu said, “It’s really about our state, who we are and what our commitment is. This is why this event is so important. Falomo has a lot of history behind it – the name, the location, where is sits in Lagos, Ikoyi, it has decades of history behind it. This project would bring back the old name, glory and ambience we knew Falomo for – this is very phenomenal and its a history that we should not forget. This is the power of the private and public sector coming together to remove all differences, and agree on how things can be.
Special thanks to Erelu Adebayo, Yinka Ogunsilire, Uzo Oshogwe, CEO of Afriland Properties Plc and the entire Afriland team for your resilience in seeing this through. As a Group with a track record of resilience and turnaround expertise, this is a momentous occasion that will mark the beginning of yet another milestone in our corporate history.
The project is set to last for 3 years before its commissioning.
