20/07/2020
Alaro City is an integrated, mixed-use city planned for over 2,000 hectares(1.25 x the size of Victoria Island) in the Lekki Free Zone. Alaro City has areas for offices, logistics and warehousing, homes, schools, healthcare facilities, hotels, entertainment and 150 hectares of parks and open spaces.
Located in the North West Quadrant of the Lekki Free Zone, Alaro City is ideally situated on the Lekki-Epe Expressway for ease of transportation to Lagos or towards the rest of Nigeria.
Alaro City is adjacent to the future Lagos international airport and close to the region’s largest deep sea port and major Nigerian and international companies.
Alaro City holds full land title with Certificate of Occupancy.
The free zone receives a number of benefits targeted towards its developers and occupants.
- Zero corporate income tax on Free
Zone income
- Zero withholding tax on dividends
- Zero VAT on purchases made within
the free zone
- No customs duties on imports
- Revenue collection in USD allowed
in the Zone
- No inspection of imports until
arrival on-site in the Zone
- Exemption from FX controls
- Repatriation of foreign capital
investment and gains in the Zone
- Up to 100% foreign ownership of
business
- No need for Company Expatriate
Quotas
Alaro City is a partnership between Lagos State Government and Rendeavour. The city works with a number of global and Nigerian organisations to deliver a world-class city.
*Cost of land in Alaro City:*
500 Sqm at a sale price of $50,000 or NGN 18 Million
750 Sqm at a sale price of $75,000 or NGN 27 Million
1,000 Sqm at a sale price of $100,000 or NGN 36 Million
*Investment*
Alaro City is designed as an inclusive mixed-use city. Be it residential, industrial, commercial, retail or social, there is an investment opportunity for all. Land values at Alaro City are projected to increase by over 20% per annum as infrastructure is rolled out. This is mirrored in the Lekki axis as a whole that has seen land value increase by over 400% in the last decade.
Alaro City will, on completion, have over 200,000 people in the city on a daily basis. This provides a wealth of opportunity for investors looking to tap into the captive market of the Free Zone and the workers within it.
*Our Christal Villa- Sea View* is just adjacent this beautiful estate with a selling price of 15m and yultide season promo price of 7.5m giving out 50% discount to the first few subscribers as compared to the Alara city pricing.
Title: *Governors Consent*
*PROPERTY SUITABLE FOR👇*
Factory
Warehouse
Filling station
Hospital
Hotel
Mall
Etc...
Why not give us a call today and take advantage of this wonderful offer and live at the corridors of business moguls.
We re just a dial away!
