Prindex Properties, an indigenous firm known for innovative, value-driven residential developments, has showcased its latest project called Apple Place, which comes with design for the Airbnb short-let market.
Apple Place is a 16-apartment residential building standing on four floors, including the ground floor. It is located in Agungi area of Lekki, Lagos, and boasts bespoke facilities, including parking spaces for all the apartments.
Other facilities include potable drinking water; a facility manager’s house that provides 24-hour facility management for the site and security personnel.
Within this site are two other blocks where construction is ongoing. One of the blocks contains 16 apartments, while the other one has 6 apartments. The two blocks, according to the company, will be completed in the next six months.
“By the time we get into next year, we look forward to completing the other two blocks. And we’ll have added another 38 apartments to our portfolio of properties under management. The Dream Place project we launched in September has 16 units,” Tolu Bawa-Allah, managing director, Prindex Properties, stated in an interview at the project site.
Besides the facilities and build quality, Apple Place enjoys location advantage. According to the managing director, “there are some very interesting spots around here. First, there’s a good school in the neighborhood.
This place is about 10-15 minutes from the Circle Mall. And of course that’s by the Lekki Epe Expressway. So, whichever way you’re traveling, whether you’re traveling to the deep seaports, Dangote Refinery or you’re traveling to Victoria Island, it’s somewhere midway.”
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Bawa-Allah stated that as a company that focuses on connecting investors with profitable opportunities in the Lagos market, they put a lot into consideration in choosing the location of the project which has been on for about two years, with Q2 2026 as completion time.
He disclosed that the showcasing of the project was a strategic decision to attract the Detty December crowd, noting that some of Diaspora Nigerians have come into town from their various locations to see what opportunities are available in Lagos for them to invest money in.
“In fact, we even have one or two people that have made inquiries about short-let apartments. One of the apartments here right now has been put up for that purpose. So, we have people that are going to be occupying that apartment throughout this month of December.
So, I think the project is meeting its objectives— short-let apartments for people who want to come here for holidays and people who also want to invest in purpose-designed and built for them,” he said.
Commenting on Nigeria’s adverse macro-economic conditions, especially inflation which affects housing directly through skyrocketing building material prices, the managing director revealed that, for them, quality is the standard.
“We do not drop quality because it is a constant across all our projects. In terms of managing inflation risk, we’ve been able to partner with some financial institutions to front-load building materials for the project so that we don’t get into a situation where prices go up and then we have to incur some additional costs,” he noted.
