REAL ESTATE

Tatu City Developer Heads to Nigeria for Expansive Project

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Stephen Jennings, founder and CEO of Rendeavour. He is behind the Alaro City which is located in Nigeria’s Lekki Free Zone. www.businesstoday.co.ke
Stephen Jennings, founder and CEO of Rendeavour. He is behind the Alaro City which is located in Nigeria’s Lekki Free Zone. [Photo/Moscow Times]
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Tatu City Developer Rendeavour has partnered with the Nigerian government for the development of a new satellite city development in the Lekki Free Zone.

Rendeavour, which claims to be Africa’s largest urban developer, is in the joint venture that boosts foreign direct investment in Nigeria and will create tens of thousands of jobs.

The project christened Alaro City sits on 150 hectares (370 acres) with parks and open spaces. As a mixed-income development, the city-scale development comes with industrial and logistics locations complemented by offices, homes, schools, healthcare facilities, hotels and entertainment.

Africa’s Fastest-growing Cities

Across the continent, Rendeavour’s urban developments span more than 30,000 acres (12,000 ha) in Kenya, Ghana, Nigeria, Zambia and the Democratic Republic of Congo.

See how Konza City Creates Jobs for 60,000 Ethiopians

Alaro City is located in the North West Quadrant of the Lekki Free Zone and lies in the growth path of Lagos, one of Africa’s fastest-growing cities with a population of over 20 million.

The City is adjacent to the future international airport, the region’s largest deep-sea port and major Nigerian and international companies.

At a ceremony marking the start of the project, which already has multi-national companies building facilities on site, Alaro City’s partners outlined their vision of the satellite city.

“We welcome the substantial foreign direct investment Rendeavour is making in Alaro City, which will further enhance the Lekki Free Zone as the gateway of choice to Nigeria and West Africa,” said Lagos State Governor Akinwunmi Ambode.

“Alaro City symbolises the government’s continuous support for private investors and fast-tracking development.”

Also read: Cytonn Real Estate Most Innovative Community Developer in Kenya

Stephen Jennings, founder and CEO of Rendeavour, said: “We are proud and delighted to be bringing our successful inclusive city model to Nigeria and Lagos State, the heart of the country’s vibrant economy. Our partnership with Lagos State will ensure that Alaro City is an economically sustainable city open to all Nigerians.”

Rendeavour invests over US$250 million in each of the projects, creating the infrastructure and living and working spaces that will help sustain and accelerate Africa’s economic growth, meet the aspirations of Africa’s burgeoning middle classes, and serve as a catalyst for further urban development.

Tatu City Smart Utilities Infrastructure

Last year, Tatu Connect selected Honeywell and Landis+Gyr for smart metering technologies on the development. These will be used in different applications across industrial, commercial and domestic metering in Tatu City.

Honeywell AS1700 Industrial metres have been deployed for businesses at Tatu Industrial Pak. These robust technology metres offer outstanding measurement and complex tariff capabilities with CT and CT/VT operated applications for the larger power users at higher voltages and communicate through robust GPRS capability to ecWIN™.

For the commercial and domestic smart metering at Tatu City, Landis+Gyr was selected due to its advanced smart metre technology and G3-PLC (Power Line Communication technology) capability, which is considered a quantum leap in AMI smart metre communications.

By using the existing electricity network and PLC technology to communicate metering data from both water and electricity smart metres, there is a reduced cost of rolling out smart metering infrastructure at Tatu City.

Read >> Kenya to Import Billionaires in Lucrative Citizenship Deal

Written by
BT Reporter -

editor [at] businesstoday.co.ke

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