Alaro City: Own A Plot Of Land At Alaro City Ibeju Lekki

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.