Afriland Properties, LSPDC Target Three Years For Completion Of Falomo Towers

Falomo Towers


THE Heirs 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. Thank you, Governor, H.E 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, we had our commercial disagreements but we focused 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 H.E 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 it’s 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 better.”

The Chairman Heirs Holdings, Tony Elumelu 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 and future.

See you in 3 years when we commission the revival of a landmark – Falomo Towers!


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