society
The Lekki Peninsula: How the Best Restaurants and Bars are Shaping Lagos Real Estate by Dennis Isong
The Lekki Peninsula: How the Best Restaurants and Bars are Shaping Lagos Real Estate by Dennis Isong
Sahara Weekly Reports That The Lekki peninsula stands out as a beacon of modernity and luxury. Over the past decade, Lekki has transformed from a quiet, residential area into a sought-after destination for both locals and expatriates. This transformation has been driven, in large part, by the emergence of world-class restaurants and bars that have put Lekki on the map as a culinary hotspot.
In this article, we’ll explore the best restaurants and bars that Lekki has to offer, telling you the unique flavors and experiences that make each establishment stand out. We’ll also examine how this burgeoning food and beverage scene has had a profound impact on the real estate market in Lagos, particularly in the Lekki area. From increased property values to the development of mixed-use spaces, the relationship between Lekki’s culinary offerings and its real estate market is a fascinating example of how lifestyle amenities can shape urban development.
The Culinary Renaissance of Lekki
Fine Dining Establishments
Lekki’s transformation into a gastronomic paradise began with the arrival of several high-end restaurants that brought international cuisines and fine dining experiences to the area. One of the pioneers in this space is “Nok by Alara,” a restaurant that has redefined contemporary African cuisine. Located in the iconic Alara concept store, Nok offers a menu that showcases the diverse flavors of the continent, presented with modern flair and impeccable service.
Another standout in the fine dining category is “Oreka,” a restaurant that combines Mediterranean and Nigerian influences to create a unique fusion cuisine. With its elegant decor, panoramic views of the Lagos lagoon, and innovative menu, Oreka has quickly become a favorite among Lekki’s discerning diners.
For those seeking an authentic Italian experience, “Bungalow Restaurant” offers a taste of the Mediterranean right in the heart of Lekki. Known for its handmade pasta, wood-fired pizzas, and extensive wine list, Bungalow has become a go-to spot for romantic dinners and business lunches alike.
Trendy Casual Eateries
While fine dining establishments have certainly put Lekki on the culinary map, it’s the trendy casual eateries that have truly captured the hearts of locals and visitors. “The Harvest” is a prime example of this trend, offering farm-to-table cuisine in a relaxed, Instagram-worthy setting. With its focus on locally sourced ingredients and innovative takes on Nigerian classics, The Harvest has become a hotspot for young professionals and food enthusiasts.
“Craft Gourmet by Lou Baker” is another casual dining success story in Lekki. This artisanal bakery and cafe has gained a loyal following for its freshly baked breads, gourmet sandwiches, and decadent desserts. The laid-back atmosphere and all-day dining options make it a popular choice for both quick bites and leisurely brunches.
For those craving international flavors, “Cilantro” brings a taste of West Asia and North Africa to Lekki. With its vibrant decor and menu featuring everything from Lebanese mezze to Moroccan tagines, Cilantro has become a go-to spot for groups looking to share a diverse array of dishes in a lively atmosphere.
Innovative Bars and Lounges
No discussion of Lekki’s culinary scene would be complete without mentioning the innovative bars and lounges that have sprung up in recent years. “Brass and Copper” leads the pack with its speakeasy-inspired decor and expertly crafted cocktails. The bar’s mixologists are known for their creative concoctions that often incorporate local ingredients and spirits, offering a uniquely Nigerian twist on classic cocktails.
For those seeking a more laid-back vibe, “Crossroads” has become a favorite among Lekki residents. This rooftop bar offers stunning views of the Lagos skyline, coupled with an extensive list of local and international beers, wines, and spirits. The bar’s regular live music nights have made it a cultural hub for the area’s creative community.
“The Blowfish” rounds out Lekki’s top-tier bar scene with its sophisticated ambiance and focus on premium spirits. Known for its extensive whiskey collection and cigar lounge, The Blowfish caters to a more mature crowd looking for a refined nightlife experience.
The Impact on Lagos Real Estate
Rising Property Values
The influx of high-quality restaurants and bars in Lekki has had a significant impact on the area’s real estate market. As these establishments have attracted more visitors and residents to the area, demand for both residential and commercial properties has skyrocketed. This increased demand has led to a substantial rise in property values across Lekki.
Real estate experts estimate that properties in close proximity to popular dining and entertainment spots have seen value increases of up to 30% over the past five years. This trend is particularly evident in areas like Lekki Phase 1 and Admiralty Way, where many of the top restaurants and bars are concentrated.
The rising property values have not only benefited existing property owners but have also attracted significant investment from both local and international real estate developers. These developers are eager to capitalize on Lekki’s growing reputation as a lifestyle destination, leading to the construction of new luxury apartments, condominiums, and mixed-use developments.
Development of Mixed-Use Spaces
One of the most notable trends in Lekki’s real estate market has been the rise of mixed-use developments that combine residential, commercial, and entertainment spaces. These developments are designed to cater to the growing demand for integrated living experiences, where residents can work, dine, and socialize all within the same complex.
A prime example of this trend is the “Lekki Pearl Estate,” a sprawling development that includes luxury apartments, office spaces, a shopping mall, and a dedicated restaurant and bar district. By incorporating high-end dining options and trendy bars into the development plan, the developers have created a self-contained community that appeals to young professionals and families alike.
Similarly, the “Landmark Village” development has capitalized on Lekki’s culinary scene by creating a waterfront promenade lined with restaurants and bars. This approach has not only increased the appeal of the residential and office spaces within the development but has also created a new destination for dining and entertainment in Lekki.
Attraction of International Investors
The thriving food and beverage scene in Lekki has not gone unnoticed by international investors. As the area’s reputation has grown, it has attracted attention from global hotel chains, restaurant groups, and real estate investment trusts (REITs) looking to enter the Nigerian market.
Several international hotel brands have announced plans to open properties in Lekki, drawn by the area’s growing reputation as a lifestyle destination. These hotels often feature multiple dining options and bars, further enhancing Lekki’s culinary landscape while also driving up property values in the surrounding areas.
Additionally, international restaurant chains and celebrity chefs have begun to express interest in opening outposts in Lekki. This influx of global brands is expected to further cement Lekki’s status as a culinary destination and continue to drive real estate development in the area.
Infrastructure Improvements
The success of Lekki’s restaurants and bars has also led to significant infrastructure improvements in the area. As more visitors flock to Lekki for its dining and entertainment options, there has been increased pressure on local authorities to improve roads, public transportation, and other essential services.
These infrastructure improvements have, in turn, made Lekki an even more attractive location for real estate development. Better roads and transportation options have expanded the area’s catchment, allowing developers to build in previously less accessible locations while still benefiting from proximity to the established dining and entertainment hubs.
Creation of New Job Opportunities
The growth of the restaurant and bar scene in Lekki has also led to the creation of numerous job opportunities, both directly in the hospitality industry and indirectly in related sectors. This increase in employment has further driven demand for housing in the area, as workers seek to live closer to their places of work.
Real estate developers have responded to this trend by creating more affordable housing options alongside luxury developments. This diversification of the housing stock has helped to create a more balanced and sustainable real estate market in Lekki, catering to a wide range of income levels and lifestyles.
Challenges and Future Outlook
While the impact of Lekki’s culinary scene on the real estate market has been largely positive, it has not been without its challenges. The rapid development and gentrification of the area have led to concerns about affordability and the displacement of long-time residents. Local authorities and developers are now grappling with how to balance the area’s growth with the need to maintain its character and inclusivity.
There are also concerns about market saturation, as the number of restaurants and bars in Lekki continues to grow. Some industry experts worry that the market may not be able to sustain the current rate of growth, which could lead to closures and potentially impact property values.
Despite these challenges, the outlook for Lekki’s culinary scene and its impact on the real estate market remains largely positive. As Lagos continues to grow and attract both domestic and international investment, Lekki is well-positioned to remain at the forefront of the city’s developmentt.
As Lekki continues to evolve, it will be fascinating to see how this relationship develops further. Will the area be able to maintain its balance of high-end establishments and local favorites? How will developers and city planners address the challenges of rapid growth and gentrification? And what new culinary trends and real estate innovations will emerge in the coming years?
One thing is certain: Lekki’s transformation from a quiet suburban area to a vibrant, cosmopolitan destination has been driven in large part by its thriving food and beverage scene. As long as the area continues to innovate and adapt, it is likely to re
main at the heart of Lagos’s culinary and real estate landscape for years to come.
My lineage is entitled to Alaketu -Epe throne- Akeem Oluwo
… Dismisses allegations of land grabbing in Ketu-Epe
Following the kinship tussle going on in Ketu -Epe in Ejinrin Local Council Development Area, Lagos State, Agbon of Ketu- Epeland, Chief Akeem Oluwo has said that he is a royal blood from the Ateshimara lineage and that was why he was designated as Alaketu -Epe Elect.
Chief Oluwo stated this to set record straight delving into historical lineages of the traditional stool of Ketu-Epe land, stated that he was installed as Agbon of Ketu-Epe land in 2006 by Adegboyega Adefowora, he explained that the royal battle started after demise of Adegboyega Adefowora who reigned in the town for 18years.
He dismissed the claim of Prince Babajide Adekoya Adefowora that it is only the Adefowora family that is entitled to the Alaketu Epe throne.
Setting the record straight in his narration recently, the Agbon of Ketu – Epeland said he was chosen as the Alaketu designate by the oracle, ifa and the people of town.
” On branch and the ruling houses, Osokeji Atesimara was the founder of Ketu Epe. He had one children called Adeniran. Adeniran had two wives and birthed four children.
Three from the first wife who he married from ijasin.The children of the first wife were Efunderu, Adeona, and otuwunmi and the second wife married from ilese gave birth to one child named Lijero,a male child.
Otuwunmi was a woman who got married to two husbands. Her first husband was from Ejinrin while the second husband she married later was from Epe.
Otuwunmi gave birth to three male children for the first husband, namely; Efusu, Emusu and Ogunderu and Rufai who happened to be the fourth child for the second husband.Rufai Alias Adefowora.
Second one was a female , Ajayi. And in Otuwunmi lineage, Efusu was one that gave birth to my grand father which was dehinde, the first son from Efusu. So those saying it is only one ruling House entitled to Alaketu -Epe throne are not saying the truth.
“The untimely death of Adeyemi Adefowora who was killed in 1999, fifteen days to his coronation led to the other lineages compensating the Adefowora again with the kingship and this time around, the son of the deceased junior brother, Adegboyega Adefowora was installed again despite that Sarafa Sonubi was initially picked.
Adegboyega Adefowora reigned for eighteen years and in 2015, this same Babajide came all way from UK , rallied support, went to the media, accused his brother king of high-handedness and he called for his dethrone ment. He even solicited my support on this, but I refused his entreaties and remained a staunch supporter and loyalist of late Adegboyega Adefowora.
” After the death of Adegboyega, their family were non challant about the burial,the town did the normal rite. Ketu Epe has no Palace building,
every king had used own family house as Palace. Oba Kareem reigned in my grandfather house, he rebuilt it.
On the issue rushing to build a Palace, I am not the one building it. It was the community. It was even called a temporary Palace built with joint efforts and contributions of all. I am the sole candidate of the Osokeji Atesimara.
The declaration was made in the name and court affirmed that Adeniran had four children”
Explaining further, Oluwo said”After the event that involved all the town leading to my selection, Jide’s mother and those concerned were at the town hall for the meeting. They too covered it.
The oracle picked me.
The Osugbos assented to it. The Oluwo,Apena were on ground. Eleku, Akanlowo and Araba as well.
Two years ago , all processes and procedures had been on going and I was about to get staff of office that injunction came and the process stalled.
On Babajide’s visit to Ooni, “he was just a visitor. The visit was baseless”.
Akeem Oluwo while responding to the allegations of being a land grabber who has been bringing thugs causing mayhem in the town ,said” They are just calling themselves bad names. Babajide supporters are the one behind all these.
They did it during the reign of Late Adegboyega. They locked up my brother at Elemoro. I am just a land administrator for the family and never a land grabber. I am a peace loving person. Who do I reign over if I should be disturbing the peace of my town, security and safety of the people? They are just saying what they like on the social media” he concluded.
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