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The Lagos Free Zone – LFZ has officially commissioned Irele Tower, a nine-storey mixed-use development building consecrated to provide world-class office and retail capacity within the Lekki corridor.

Offering approximately 12,000 square metres of premium space, the tower is strategically positioned to cater to the growing influx of local and international firms. By providing direct proximity to critical port, industrial, and logistics infrastructure, the development reinforces the zone’s status as a premier hub for global investment and trade.

A defining feature of Irele Tower is its commitment to sustainability, having earned the prestigious EDGE certification from the International Finance Corporation – IFC. The building is engineered to significantly lower its environmental footprint, utilizing 26% less energy and 46% less water compared to conventional structures.

These resource-efficient measures not only reduce long-term operating costs for tenants but also enhance indoor environmental quality, setting a new standard for green architecture in Nigeria’s commercial real estate sector.

Adesuwa Ladoja, Managing Director of Lagos Free Zone Company, noted that the tower is a physical manifestation of the zone’s vision to build a fully integrated business ecosystem. With the rapid expansion of the Lekki axis, there has been a sharp increase in demand for high-quality, high-efficiency workspaces.

Ladoja emphasized that Irele Tower perfectly aligns the zone’s core pillars—infrastructure, location, and logistics—to provide a seamless environment where businesses can thrive and scale.

The successful completion of the project was bolstered by strong financial backing from First City Monument Bank – FCMB. Yemisi Edun, the bank’s Managing Director and CEO, stated that their early investment reflects a deep confidence in the long-term economic potential of the Lagos Free Zone.

Following its recent recapitalization, FCMB remains committed to supporting large-scale infrastructure projects that drive industrial growth, showcasing Irele Tower as a prime example of effective, coordinated financing in the Nigerian market.