Palton Morgan Holdings Sees Growth Along Coastal Highway

The development of the Lagos-Calabar Coastal Highway is generating new real estate investment opportunities along the Victoria Island waterfront. Property developers are increasingly targeting premium residential and mixed-use projects in this coastal corridor, which extends from Ahmadu Bello Way through Eko Atlantic City and Oniru to the Bluewater Okunde axis.

Palton Morgan Holdings, a real estate development firm, refers to this coastal stretch as an emerging investment corridor, highlighting the combination of land reclamation, major infrastructure, and upscale developments. The first phase of the highway is a 47.47-kilometre dual carriageway with a central rail track, beginning at Ahmadu Bello Way and running towards Lekki.

Ikechukwu Ugwu, Chief Marketing Officer of Palton Morgan Holdings, stated that the coastal highway is creating opportunities for developers to expand premium real estate offerings, with improved road access likely to attract more investors. The corridor's development is also linked to earlier land reclamation efforts at Eko Atlantic City, developed by South Energyx Nigeria Limited.