Lagos State Governor, Babajide Sanwo-Olu, has broken the ground for the commencement of the construction of Oak Heights, at the Eko Atlantic City.
The Oak Heights is projected as a residential high-rise of 33 floors for the affluent at the Eko Atlantic City, which brought a permanent solution to the worrying challenge of the overflow of the Atlantic Ocean to the shores of Victoria Island, in Lagos, more than a decade ago.
The Chief Executive Officer (CEO), The Oak Holdings, Olukayode Olusanya, said the Oak Heights is designed to be the tallest residential building dotting the skylines of Eko Atlantic City.
He said the development “echoes architectural magnificence in luxury buildings and finesse in real estate engineering.”
Olusanya said the Oak Heights brings to life a new type of structure that perfectly embodies the 21st century age of technical ingenuity and extreme inequality, adding that the building represents a heady confluence of engineering prowess, architectural phenomenon and an unparalleled concentration of personal wealth.
He also introduced the evolved operational and management team; led by Elie El-Rassi as the Chief Operations Officer; and Ali Hashie; Project Manager; who is reputed to have built about two towers in the Eko Atlantic City.
The Lagos State Government is building housing schemes as part of an effort to increase the housing stock in the state in fulfilment of its promise to provide decent houses to the citizenry on a continuous basis.
Commenting, Governor Sanwo-Olu, who was represented by the Lagos State Commissioner for Housing, Moruf Akinderu-Fatai, encouraged private developers to collaborate with the State Government in bridging the housing deficit in Lagos.
He said the Lagos State Government is building housing schemes as part of an effort to increase the housing stock in the state in fulfilment of its promise to provide decent houses to the citizenry on a continuous basis.
The Governor said the State is encouraging the private sector, and also supporting individuals with a robust mortgage system.
According to him, in some of the housing schemes, the government is encouraging the citizens to pay five per cent of the cost of the building and move in, while the balance is defrayed over time.
He said: “We are set to commission not less than four housing schemes before the end of the year in line with our plans to increase the housing stock in the state. This is in the fulfilment of the promise made to the people that provision of decent housing will be a continuous activity.”