Rendeavour is Africa’s largest new city developer. We are building 7 new cities across our 12,000-hectare portfolio spread across 5 countries in Sub-Saharan Africa, including Nigeria, Ghana, Kenya, Zambia and the Democratic Republic of Congo.
- These cities are providing homes, education, healthcare facilities and industrial parks within a well-planned urban environment, delivering new roads and utilities such as power, water and sewerage to our communities.
Backed by American, British, Norwegian and New Zealand investors, Rendeavour invests on average over $250 million in each project, creating the infrastructure for living and working spaces that will help sustain and accelerate Africa’s economic growth, meet the aspirations of Africa’s burgeoning middle classes, and serve as a catalyst for further urban development.
ALARO CITY, LAGOS (www.alarocity .com)
Alaro City, is a mixed-income, city-scale development conceived as 2,000 hectares in the Lekki Free Zone. The city has areas for offices, logistics and warehousing, homes, schools, healthcare facilities, hotels, entertainment and 150 hectares of parks and open spaces. The City holds full land title with Certificate of Occupancy.
NWQDC is authorised by both the Federal Government of Nigeria, through the Nigeria Export Processing Zones Authority (NEPZA), and the Lagos State Government as an entity to develop, operate and administer Alaro City, as such Alaro City and its occupants receive all Free Zone benefits in line with the laws of Nigeria.
LEKKI FREE ZONE (lagosstate.gov.ng)
The Lekki Free Zone, created in 2006, is a modern free zone managed in accordance with international best practices. The zone’s 16,500 hectares are divided into four quadrants and managed by various operators, benefiting from Lagos State’s position as the premier distribution hub in West Africa. The Lekki Free Zone is located in the south-eastern corner of Lagos State, facing the Atlantic Ocean to the south and the Lekki Lagoon to the north. It is bordered by five kilometers of coastline and is 50 kilometers from Victoria Island, Lagos.
Where is Alaro City?
Alaro City is an integrated new city located in the North West Quadrant of the Lekki Free Zone, Lagos, Nigeria. Alaro City is situated on the Lekki-Epe expressway for ease of transportation to Lagos or towards the rest of Nigeria and in close proximity to the largest Deep-Sea Port in West Africa which is currently under construction.
How big is Alaro City?
Alaro City has been conceived as a 2,000-hectare city. Planning has been developed in a modular format with the first 1,000 hectares master-planned by world-renowned planners Skidmore, Ownings, Merril in partnership with local consultants. To put the size into perspective, Victoria Island in Lagos is approximately 800 hectares.
How many residents will Alaro City have on completion?
Alaro City is planned for 30,000 residents within low, medium and high-density housing in the first 1,000 hectares of the City.
What does the description “low, medium and high density” mean for residential plots?
Residential developments shall be permitted generally within the zone designated for residential use in the approved layout.
- Permitted developments within High Density Residential areas include Block of Apartments, Terrace Buildings etc.
- Permitted developments within Medium Density Residential areas include Town Houses, Semi-Detached etc.
- Permitted developments within Low Density Residential areas are Detached houses.
Do buyers get a building guideline before they commence construction?
Yes, all buyers will get a building guideline alongside the Agreement to Sublease.
Do buyers have to build a certain design/house type or they are at liberty to build whatever they want?
Buyers can build their own designs as long as it in line with the building guideline.
What type of document will be provided upon purchase of a property with Alaro City?
Upon receipt of 30% initial deposit, an Agreement to Sublease will be prepared and shared with the buyer.
Upon completion of payment, a deed of Sublease will be shared with the buyer alongside a survey plan identifying the buyers plot cordinates.
Are the prices inclusive of legal documentation and survey fees?
No. Cost of land is exclusive of legal and survey fees. Documentation is an additional cost of 3-5%.
Are buyers compelled to build after a certain time upon completion of payment?
Further to the Agreement to Sublease, all buyers are subject to ensuring the Property is completed 24 months from receipt of full payment. Provided that the Lessor may extend the period at its discretion.
What utilities will be in Alaro City?
Alaro City will be underpinned by Rendeavour’s standards in utility and infrastructure provision. These include;
- A scalable 2.5MVA power generation via IPP (Phase 1a)
- Modular water and sewerage services of 250 m3/day (Phase 1a)
- Provision for future retail gas distribution
- Provision of dark fibre infrastructure
Can a buyer, upon completion of payment transfer the title/ownership to someone else? If yes, what is the process?
Yes. A Lessee can transfer his/her lease to a third party as long as:
- All service charges are fully paid upon transfer of ownership
What is the cost of service charge and what does it entail?
Services include provision of power, water, waste collection, security of the wider development, cleaning of the common areas, sewage treatment. Cost of each service will be defined as soon as we deploy services.
The name ‘Alaro’ is derived from the ancestry of the Epe people.
Alaro; a fisherman was a founding father of Epe and has since been celebrated during festivals.
Alaro reflects the heritage of the Epe people. The use of Epe’s New City, not only places Epe on the map as an international destination, but also signifies that Epe is bigger than just the town of the same name. It locates Epe as part of the Lekki Free Zone, something that till now is not clear to most audiences.