Project description
Through AWIP I, AWIP completed in September 2025 the acquisition of a strategic property at 16 Idowu Martins Street, Victoria Island, one of Nigeria’s most sought-after commercial corridors and the heart of Lagos’s financial and corporate district.
The asset comprises a 750 sqm existing building on a 1,350 sqm plot. AWIP is pursuing a brownfield strategy, remodelling and extending the current structure to deliver approximately 1,500 sqm of Grade-A mixed-use space: a coworking facility of 150+ seats, approximately 750 sqm of managed offices and a conference centre for 80, alongside F&B.
The project has attracted strong tenant interest, with Spotify, Wema Bank and Lekoil Oil & Gas securing space ahead of delivery, reflecting the depth of demand for modern, fully serviced workspace on Victoria Island, where quality supply continues to lag behind tenant requirements.
Works started in December 2025, with opening scheduled for Q1 2027. The investment targets a Gross Asset Value of approximately €2.5 million upon stabilisation, with a projected 5-year IRR of 23% and a 2.5x net equity multiple for investors.
Gallery
Front elevation, render 
Lagos skyline