Periwinkle Empir Partners for Luxury Condo in Banana Island

Periwinkle Empir, Bozac Continent Limit, and Legaci Automobil Limit have formalized a tripartite joint venture to develop a luxury high-rise condominium in Banana Island, Ikoyi, Lagos. The agreement was signed in a ceremony attended by senior executives from the three firms.

The project will encompass a residential tower covering 3,000 square meters, situated on a waterfront adjacent to a plot located at 101 Close off 1st Avenue, beside the Ocean Paradise Tower. Dr.

Chiedu Nweke, Chairman and Chief Executive Officer of Periwinkle Empir, highlighted the seamless execution of the deal, attributing it to a long-standing relationship among the parties. Sir Patrick Ikechukwu Chibuez, Chairman and Chief Executive Officer of Bozac Continent Limit, emphasized their strategic partnership with Periwinkle Empir, citing their proven track record in delivering iconic structures.

High Chief Sir Okei Ezib from Legaci Automobil Limit expressed confidence in the project, which aims to preserve the prestigious location. Tund Olatunji, known as Mr.

Condo, has been appointed as the lead developer, with construction expected to commence within the current fiscal quarter.