Veritasi, COOPLAG break ground to build 11-floor Allied Towers
L–R: Angela Ekwem, Board Member, Veritasi Homes and Properties Plc; Nola Adetola, CEO, Veritasi Homes and Properties PLC; Francis Adeoye, President, Cooperative Investment and Thrift Society Limited (COOPLAG) and Levious Ngerebara, Vice President, COOPLAG, at the groundbreaking ceremony of Allied Towers in Ikoyi, Lagos, recently.
A multi-million-dollar deal was recently sealed by Veritasi Homes and Cooperative Investment and Thrift Society Limited (COOPLAG) who also turned the sod to develop 11-floor luxury residential tower in the highbrow Ikoyi neighbourhood.
The new development, known as Allied Towers, is a new addition to the numerous luxury residential developments stats in this neighbourhood. It will be bringing 26 premium apartments and penthouses to the market.
The 11-floor project, sitting on a 1,431-square metre prime plot on McGregor Street, is part of a multi-million dollar partnership deal between Veritasi Homes and COOPLAG.
It is backed by a consortium of major financial institutions and marks a multi-million-dollar partnership aimed at redefining urban living and cooperative investment in Nigeria.
The Towers is strategically nestled amidst high profile neighbours, including Ikoyi Golf Club, Microsoft Head Office and the new US Consulate General, blending cutting-edge architecture with premium amenities.
The developers assure that residents will enjoy premium amenities, including a gym, relaxation area, dedicated recreational floor, landscaped grounds and secure parking for residents.
The chief promoter, Veritasi Homes, is recognized by the Financial Times as one of Africa’s fastest-growing firms, and by this new development, it continues its innovation-driven expansion with over 1,000 homes delivered and 12 landmark projects launched in just seven years.
Nola Adetola, the chief executive officer of Veritasi Homes, says the project is a bold new chapter in Lagos’ skyline.
“Today, as we break ground on Allied Towers, we are declaring possibility and our determination to do something meaningful with it. Together with COOPLAG, we begin a new chapter in Lagos’ skyline, in Nigeria’s housing story, and in Veritasi’s journey,” he noted.
Adetola recalled, “Eight years ago, we looked at Nigeria’s real estate market and asked: Can we do better? That question gave birth to Veritasi Homes.
“Guided by integrity, innovation, and customer-centricity, we began in 2017 with a small team and a big vision: to create developments that deliver value as reliably as they deliver shelter,” he stated.
Projecting into the future, the chief executive said, “We envision a Veritasi that spans continents, a brand so trusted that wherever you see ‘Veritasi,’ you expect quality, innovation, and integrity. COOPLAG, we are honored to have you walk this journey with us. To our investors and future homeowners, this is your opportunity to own a share of Lagos.”
Francis Adeoye, President of COOPLAG, underscored the significance of the project and the vision behind it.
According to him, “Today, we are not just breaking ground, we are breaking barriers. We are laying the foundation for a future where cooperative strength meets architectural excellence, where innovation meets legacy, and where our members and stakeholders can aspire to live in spaces that reflect their values, ambitions, and achievements.”
“This is the realisation of a shared dream, a dream to redefine urban living and empower our members. For over three decades, COOPLAG has stood as a beacon of cooperative strength, financial empowerment, and community development,” he added.
