• Saturday, July 20, 2024
businessday logo


Cavalli Group turns sod to begin construction on The Bellagio Lagos

Cavalli Group turns sod to begin construction on The Bellagio Lagos

Cavalli Group, a leading player in major sectors of the Nigerian economy, including real estate, consultancy, facility management, construction, infrastructure and energy, has turned the sod to begin construction on a new housing project called The Bellagion Lagos.

The project is a luxurious high-rise residential facility located on Ahmadu Bello Way, Victoria Island.

A magnificent development with sophisticated designer apartments tastefully designed to redefine luxury living experience with attention to details and quality, The Bellagio has been described as a powerful statement on how to grace and beautify the Lagos skyline.

Emmanuel Odemayowa, Group Managing Director of the Cavalli Group, explained that the project is divided into two phases. “The first phase, for which the foundation was laid, include The Bellagio Lagos, and The Residence, also known as Adrao Tower.

It is situated at the back and consists of 9 suspended floors. The ground floor will be a recreation area, and the remaining floors will be residential apartments, the GMD said.

He added that the second phase, the main Bellagio, which comprises a hotel, apartments, and office spaces, will be situated in front, where the show office will be set up. “We will commence that second part of the project soon,” he said.

The Bellagio Lagos is made up of three iconic towers of 10 floors each, with each tower offering a seamless fusion of space, comfort, functionality and world class amenities, including rooftop helipad, swimming pool, a spa, a 24/7 security surveillance, and a multi-sport court.

It also boasts fully equipped gym, fully fitted kitchens, a 5-star café and restaurant, interior design by Roberto Cavalli, customised Italian bathroom design, as well as a panoramic view of the ocean and the city.

“The Bellagio Lagos is a one-of-a-kind development that guarantees its residents world-class amenities and a perfect balance between serenity and fast-paced urban living. The apartments range from the luxury two and three bedrooms to five-bedroom maisonettes.

It will house 60 exclusive residences comprising 36 units of two-bedrooms, 18 units of three-bedroom apartments and 6 units of five-bedroom maisonettes, with each apartment offering grand living spaces that are strategically placed in the corners of the residences to maximize multiple panoramic ocean and citywide views”, Odemayowa said.

According to him, “The Bellagio Lagos is a home for those seeking a new standard of city living, a beautiful place you will love with incomparable views and designed to stand the test of time. The façade exterior of each tower allows for energy efficiency and adaptability to climate heat conditions. The development spares no expenses in the design and provision of topnotch services for occupants to relax and unwind, while having the city at their fingertips.”

For the smart and discerning investor, The Bellagio presents a perfect investment opportunity, not only for its prime location, but also for loads of commercial activities within its vicinity.

“We all understand what the Bellagio brand stands for; it is a prestigious name. Our goal in Nigeria is to represent this brand and see how much of an impact we can make in our environment, providing value, delivering returns to our investors and partners, and ensuring the enjoyment of those who will live here.

The Bellagio Lagos will feature apartments branded as hotel. Our vision is to offer our investors and residents a permanent vacation experience in their apartments”, Odemayowa assured.

He listed some of the benefits of owning an apartment at The Bellagio Lagos to include high yield rental income that is much higher than traditional rental income in other areas; up to 100 percent occupancy rate due to the high commercial activities in that location, and easy access to hot city spots. In addition, he said, the investor is assured of consistent revenue and cash flow with Air BnB/short let income, as well as high gross capital appreciation and returns on investment.

Odemayowa said that the project, the group’s latest in its long history of providing luxury living with meticulously designed apartments that redefine opulence, is part of its mission to set new standards for luxury living and investment opportunities in the real estate sector.