Tony Elumelu Unveils Designs For Falomo Mega Plaza, Transcorp Hilton Projects

FUNSHO AROGUNDADE

Billionaire mogul and Chairman of Heirs Holding, Tony Elumelu, has unveiled plans to further transform the Central Business District of Lagos with the construction of the iconic Falomo Plaza.

Taking to the Twitter on Monday evening, the foremost entrepreneur shared design images of the proposed edifice, as well as that of 600-room Transcorp Hilton Hotel, both located in the swanky neighbourhood of Ikoyi, Lagos, with his over 930,000 Twitter followers and almost 500,000 Instagram followers.

This is coming on the heels of the commissioning of the 8-Floor iconic Afriland Towers last Friday by the Lagos State Governor, Babajide Sanwo-Olu.

Although Elumelu did not disclose when construction works will begin, the UBA Group Chairman excitedly urged Nigerians to be expectant.

“It’s such a pleasure to drive the rebirth of an ancient landmark, recreating it into a modern 8-Floor workspace through the work of Afriland Plc. And we haven’t yet started,” Elumelu tweeted.

He continued, “Check out the designs for the Falomo Mall and the 600-Room Transcorp Hotel, Lagos coming soon.”

Afriland Towers —previously known as Raymond House and located on a popular landmark on Broad Street, Lagos Island— will now serve as the corporate head office of Afriland Properties Limited, a real estate arm of Elumelu’s investment.

Interestingly, Afriland Towers is also located within the Lagos Central Business District that Heirs Holdings is committed to re-developing.

According to the billionaire banker, it is a thing of joy to watch his company drive the transformation of the Lagos Central Business District.

Elumelu recalled how as a young banker, he used to view Raymond House as the very symbol of Nigeria’s “vibrant financial sector”.

“As a young banker, I viewed Raymond House, now Afriland Towers, as a symbol of the vibrant financial sector of Nigeria. Standing tall in the heart of Lagos, on Broad Street, this heritage building is representative of Nigeria’s business and commercial capital,” he tweeted.

P.M.EXPRESS learnt that the building once served as the first headquarters of UBA Plc when Elumelu was the Chief Executive Officer, and now its Chairman.