Why Bourdilon is the most expensive street in Lagos ?
The luxury real estate market is a unique niche and it is in a small quartile of the entire real estate market in Nigeria. It is more prominent in these locations - Ikoyi, Banana Island(an offshoot of Ikoyi, Victoria Island and Eko Atlantic City(also an offshoot of Victoria Island). Banana Island and Eko Atlantic City are land reclamation projects. These areas were sand filled with billions of naira invested in these lands.
But Ikoyi is the heart of luxury in Lagos and perhaps Nigeria. However, one street standout for its prestige and the value it commands.
As at today, the average price of land for sale on Bourdilon is ₦1,000,000 per square meter ($2,400 per square metre). What makes Bourdillon reserved is the exclusivity, affluence and prestige it commands. The most expensive apartments in Nigeria are located on Bourdillon. And with new entrants coming into the market, the face of Bourdillon would be iconic with Skyvillas gracing its skyline.
Uniquely, the quality of buildings, finishing, architecture and serenery the Bourdillon exudes is one of a kind.
Let's take a look at the Contractors on Bourdilon
The luxury market they say is for the 1% of the 1% of the population. These people has a specific taste for luxury and their money votes the type of property that moves the market. Where people say there are empty buildings in Ikoyi, you'll find out that the most expensive buildings sell out.
These investors and uptakers looks at the typ of contractors building these properties. The biggest players on Bourdillon are:
El Alan
Cappa and D'Alberto
These two companies have an immaculate track record that makes them trustworthy.
Below are the top 5 projects on Bourdillon
The Belmonte
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Status: 95% Completed
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Number of floors: 20
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Number of apartments: 41
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Floor Size: 528 - 1021
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Type of Apartments: 4 & 5 Bedroom apartments, duplexes and penthouses
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Price: $1.6M and above
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Developer: Kuber
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Contractor: Kuber
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Time of completion: Q4 2022
Cuddle
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Status: 75%completed
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Number of floors: 18
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Number of apartments: 40
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Floor Size: 452 - 657.5
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Type of Apartments: 3 &4 Bedroom apartments and maisonettes and penthouses
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Price: $1.4M and above
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Developer: Cadwell
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Contractor: Cappa & D’Alberto
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Time of completion: Q1 2023
4 Bourdillon
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Status: Completed
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Number of floors: 25
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Number of apartments: 41
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Floor Size: 500 – 1000
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Type of Apartments: 3 Bedroom, 4 Bedroom and penthouses
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Price: $1.5M and above
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Developer: Kaizen properties
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Contractor: El-Alan Construction Company
42 Bourdilon (Mandilas Tower)
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Status: 95% Completed
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Number of floors: 14
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Number of apartments: 50
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Floor Size: 250-985
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Type of Apartments: 2 Bedroom, 3 Bedroom and 4 Bedroom and 5 bedroom duplex
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Price: $700k - $4M
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Developer: Mandilas Group Limited
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Contractor: El-Alan Construction Company
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Time of completion: 2026
39 Bourdilon
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Status: 95% Completed
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Number of floors: 20
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Number of apartments: 41
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Floor Size: 528 - 1021
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Type of Apartments: 4bedroom,5 bedroom duplex,5 bedroom Skyview and 6 bedroom triplex
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Price: $1.8M and above
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Developer: Kaizen Properties
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Contractor: El-Alan Construction Company
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Time of completion: 2027
These towers will shape the Ikoyi skyline. Although there are still some ongoing projects, these 5 are at the top of the list.
Interestingly, 4Bourdillon is completely sold out, the Belmonte is about 80% sold while Cuddle has a waiting list with already sold units. 39 and 42 Borudillon are still under construction with strong interest from buyers. They would be 100% sold out upon full completion.
Truly Bourdillon can boost of being one of the most ex[snive streets in Nigeria.
Do you have any questions? Kindly share in the comment section. Stay tuned for more posts like this and I'll see you on the other side.
