Executed Projects
- We won a Presidential Award and a grant to develop the Bariga Community. Through the setting up of a Special Purpose Vehicle called Bariga Heritage Homes, we are currently redeveloping the Community by working with the Lagos State Government to stimulate a $1.5Bn urban renewal project for the community.
- We are Technical Advisors (Local) on the $1Bn Lagos Cable Car Project, which is a transport infrastructure project aimed at decongesting high traffic activity areas of Lagos State, such that commuters can get to Marina, Lagos Island from Apapa within just 4 minutes.
- We are Project Development Strategists on the Ogba Oluwole Shopping Plaza, which is about the transformation of an existing market into an ultra-modern shopping facility in Ogba, Ikeja, Lagos.
- We have a farmland in Ogigi, Kwara State, where
we cultivate cassava and cashew.
- To demonstrate our ability to support start-ups,
we have established a dry cleaning company called Washcraft Cleaning Services
Limited, which we have brought to profitable level within 2 years.
- Our proprietary projects also include
redevelopment of old real estate properties in various low-income areas of
Lagos State. Our portfolio of assets in this area continues to swell with time.
View Project
BARIGA LCDA SIGNED MoU FOR REGENERATION, TO COST TWO TRILLION NAIRA IN TEN YEARS
On Thursday July 5th, 2018, Bariga LCDA and Octragon Multi
Projects Limited , in the Bawala secretariat signed a Memorandum of
Understanding in the presence of community stakeholders.
Modeled in line with the Lagos State Government’s
Public-Private Partnerships policy, a Special Purpose Company to be known as
Bariga Heritage Investment Company (BHIC) is being set up by Bariga LCDA and
Octragon to build these residential and commercial apartments of high rise
buildings across the LCDA to accommodate over 500,000 new residents and more
than 500,000 visitors and workers per day.
Catering for the lower, middle and
upper income existing and new Bariga residents, the new digital city will be a
creation from the existing one whereby all facilities that will match what is
obtainable anywhere in the world will be provided.
Following the execution of this MoU to flag off this massive
transformational agenda of the Chairman
of Bariga LCDA, Hon. Kolade David Alabi, Octragon is ready to hit the ground
running by:
Ensuring that
international best practice is fulfilled in the project
implementation;
Structuring the best investment package for every landowner
in the community;
Identifying the best alliance partners and consultants of
various fields relevant to the actualization of the regeneration plans;
Coordinating the activities of all stakeholders relevant to
the success of the project;
and
Signing a Social Responsibility Pact with the Community to
handle facilities management operations post development.
Key stakeholders in the community have already indicated
their interest to support the project.
This novel property development initiative is modeled to
When completed in 8 phases over 10years, Bariga Community
will have experienced complete regeneration fulfilling the dreams of Hon.
Kolade Alabi.
All roads will be standardized, linking the 3rd Mainland
Bridge; incorporating LASURA’s “Private Streets†concept and boulevards.
The closeness of Bariga to everywhere in Lagos will be
optimized by creating a helipad within this new community that takes travel
time to the Island or the International Airport to 5 minutes.
There will be uninterrupted power supply in the community.
A dedicated pipeline will be run into the community to
ensure gas supply to every kitchen.
To ensure environmental sustainability in line with the
Sustainable Development Goals,
All wastes will undergo the most efficient recycling process
in line with the Green Bond Principles
The most reasonable decibel level will be maintained.
As a new digital city, the community will be:
Have seamless and cheapest internet access through dedicated
broadband and Wi-Fi connectivity.
An ICT center will be created to attract the Silicon Valley
investors.
100% secure with full CCTV coverage.
Operated through organized parking with adequate shuttle
service.
Will well linked road network, a quick response emergency,
police and fire services will be on stand-by 24/7.
All recreational facility will be efficiently run to
maintain a youthful posture for the residents:
A privately run sports complex will offer various games such
as football, badminton, volley ball, Billiards, etc.
An amusement park for the kids and adults.
An arts and craft center overlooking the lagoon,
All shopping arena where all market activities will be
coordinated will be provided to accommodate existing operators.
A central business building will be built for offices and
other commercial activities.
Existing schools, churches, mosques and community centers
will be retained and expanded to cater for the additional residents in the
community.
When completed, this project will revolutionize the Real
Estate Sector in Nigeria, employ over 100,000 workers, and generally transform
the social, economic and physical landscape of Lagos, consistent with LASURA’s
efforts to upgrade Bariga, and redevelop Lagos in general.
Close to everywhere in Lagos, Bariga is also an entry point
into the heart of Lagos overlooking the Lagos Lagoon, giving it unique features
that will launch the city onto the world radar.
Fulfilling Government’s mandate of property development and
affordable housing delivery; this mass housing development will improve the
economic lives of ALL RESIDENTS
The council boss expressed satisfaction that the agreement
was coming at a time the administration was entering into many similar
arrangements to develop the local council.
The CEO, Octragon Multi Projects Ltd, Engr. Gbolahan
Awonusi, signed the Regeneration
Project that's worth Two (2) Trillion
Naira in Ten years on behalf of the company and was witnessed by the Vice
Chairman, Hon Adeola Zainot
Kuponiyi, SLG, Hon Bukola Adedeji, supervisors and SAs, religious leaders, traditional leaders,
Artisans, the HOA, Mrs Toyin Senaike, CT, Hon Samuel Apata and other senior council
officials.
View Project