Industrial land for sale at Lekki Epe Expressway, Eleko, Ibeju Lekki, Lagos
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
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
No need for Company Expatriate
Plots Sise in Alaro City are: 500sqm, 750sqm, 1000sqm and more
Alaro City is a partnership between Lagos State Government and Rendeavour. The city works with a number of global and Nigerian organizations to deliver a world-class city.
Cost of land in Alaro City starts from:
$50,000 or NGN 20Million
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.
Alaro City will, on completion, have over 200,000 people in the city on a daily basis. This provides a wealth of opportunity for investors looking to tap into the captive market of the Free Zone and the workers within it.