A 35-year landholding at the heart of Nigeria's fastest-growing maritime and industrial corridor, supported by warehousing, distribution and a wider property portfolio.
LRIM owns a substantial landholding at the Dangote Jetty, over three acres. Dangote Industries Limited has committed to leasing this land for the construction of the Jetty, under a 35-year commercial lease agreement entered into in 2017 between Dangote Industries Ltd and LRIM.
This long-standing agreement gives LRIM an influential presence in and around one of the most significant pieces of maritime infrastructure under development in Nigeria, supporting the Dangote Oil Refinery's import of crude oil and export of refined petroleum products, as well as the site's broader role as a bulk commodity and regional trade hub.
Before the 35-year lease agreement began in 2017, LRIM's land at Dangote Jetty sat in its natural state. The tenant has since built and now operates a fully functioning jetty on the site, handling vessels, bulk cargo and fertilizer exports.
LRIM's landholding sits close to the Lekki Free Zone, one of the areas the company is exploring for further maritime and logistics opportunities.
LRIM recently acquired an additional property adjacent to the Jetty, formerly operated as Stone Beach Villa & Resort. The site is being refurbished for logistical use, including warehousing and storage space, and a distribution and logistics centre that will serve as a deliverable platform for LRIM's ship chandling business.
This acquisition reflects LRIM's broader asset management activity, which includes the acquisition, leasing and management of land, buildings and real estate as part of a diversified investment portfolio.
A residential estate development in Abuja, currently under construction, forming part of LRIM's expanding real estate portfolio.
Grove Estate is a gated residential estate in Abuja, designed around a mix of contemporary townhouses set along landscaped streets. The development is currently under active construction, with several blocks progressing through structural and finishing stages.
Renders below show the intended finished character of the estate; the accompanying photographs document real progress on site.
A contemporary terrace triplex with four bedrooms, finished to a luxury standard.
A spacious semi-detached triplex with seven bedrooms, finished to an ultra-luxury standard.
The Dangote Jetty is creating a wave of opportunity, from vessel services and cargo handling to port operations and logistics, and LRIM's landholding presence puts the company at the centre of it.
