Periwinkle Lifestyle Estate, Lekki: Full Details and Breakdown

Overview

Periwinkle Lifestyle Estate is a premium, mixed-use residential and commercial development located in the Lagoon District of Lekki Phase 1, Lagos, Nigeria. Developed by Periwinkle Residences Limited in collaboration with Czar Projects Ltd., this estate spans approximately 17–30 hectares of reclaimed land along the Babalola shoreline of the Elegushi Kingdom on Freedom Way. Strategically positioned between Freedom Way and Orange Island, the estate offers direct access to major routes like the Lekki-Epe Expressway, Admiralty Way, and the proposed Lagoon Highway. Known for its luxurious properties, modern infrastructure, and serene waterfront views, Periwinkle Lifestyle Estate has become a standout in Lagos’ high-end real estate market.

Location and Accessibility

Address: Periwinkle Site Office, End of Freedom Way, After This Present House Church, Lagoon District, Lekki Phase 1, Lagos, Nigeria.
Strategic Location: Situated in Lekki Phase 1, the estate is close to upscale shopping malls, fine dining, and major business districts like Victoria Island and CMS. It offers dual access from Freedom Way and the proposed Lagoon Highway, ensuring connectivity to key areas of Lagos.
Natural Features: The estate benefits from its proximity to the Lagos Lagoon, providing stunning water views and a serene environment. Its reclaimed land, covering about 20,000 sqm, is a notable achievement in land reclamation for real estate development in the region.

Developer Information

Periwinkle Residences Limited: Founded around 2018, Periwinkle Residences Limited (RC:1368473) specializes in luxury residential properties, emphasizing innovation, security, and premium living experiences. The company has earned recognition, including the Luxury Lifestyle Award 2021 for Best Luxury Residential Development.
Key Figure: Dr. Chiedu Nweke, Chairman and CEO, brings over 30 years of experience in real estate, particularly in hydraulic sand filling and large-scale reclamation projects, including Periwinkle Lifestyle Estate and Orange Island.
Czar Projects Ltd.: The estate is developed in collaboration with Czar Projects Ltd., a sister project to Orange Island, executed by the same team with Van Oord Nigeria Ltd. completing 100% of the reclamation work by 2017.

Property Types and Features

Periwinkle Lifestyle Estate offers a variety of luxurious residential options, including apartments, terraces, and detached villas, designed with modern aesthetics and high-quality finishes. Below is a breakdown of key developments within the estate:

1. Oxygen Towers (Oxygen Apartments and Oxygen Terraces)

Description: Twin high-rise blocks (A & B) with 26 units each and 13 terrace units, covering a 4,000 sqm footprint. The ground floor is designated for parking and concierge services, with ten suspended floors. Completion was targeted for Q4 2020.
Property Type: 4-bedroom terrace duplexes with a boys’ quarters (BQ).
Features: Spacious living rooms, balconies, fully fitted kitchens with quality cabinetry, and top-notch finishes.
Price: Not explicitly listed, but land prices in the estate range from ₦180,000–₦250,000 per sqm, higher than nearby projects like Orange Island.

2. Casa Lunaria

Description: A 5-bedroom fully detached villa home with a family swimming pool, located in the heart of the estate.
Features: Sophisticated design, spacious living areas, balconies, fully fitted kitchen, and premium finishes.
Status: 81 units of Casa Lunaria, Oxygen Condos, and Ixora Terraces have been delivered to subscribers.

3. Utopia Residence

Description: A 4-bedroom penthouse maisonette with a BQ, covering 396 sqm.
Features:
- Private swimming pool and cinema.
- All en-suite rooms with walk-in closets.
- Smart home technology (Google Home Assistant, smart switches, motion sensors in master and guest bedrooms).
- Family lounge, home office, expansive terrace, and double-height living area.
- Equipped gym and fully fitted kitchen.
Price: ₦599,999,999–₦600,000,000.
Amenities: Access to estate-wide facilities like a gym, swimming pool, 24-hour power, security, and landscaped gardens.

4. Ambiance Apartments

Description: A premium residential estate designed for luxury living, ideal for first-time buyers and investors.
Features: High-end design and aesthetics, high rental value, and strong return on investment (ROI) potential for shortlet investments.
Price: Not specified, but marketed as an investment-friendly option.

5. P4 Semidetached Development

Description: Two 4-bedroom semidetached houses on a 500 sqm plot, spanning two suspended floors.
Features:
- Ground floor: Spacious living areas.
- First floor: Family lounge and three bedrooms.
- Second floor: Luxurious master bedroom, study, and large terrace.
- Minimalist architectural style with clean lines and striking facade elements for a contemporary, serene aesthetic.
Developer: P4 Development, with a focus on functionality and spaciousness.

6. Maison Belvoir, Maison Enchante, and Maison Magnifique

Description: Exclusive luxury units featured in promotional sales (e.g., Black Friday Slash Sale).
Features: High-end design and modern amenities, though specific details are limited.
Availability: Limited-time offers for select units.

Estate Amenities and Infrastructure

Periwinkle Lifestyle Estate is designed as a fully serviced, secure, and modern residential community with the following features:

Central Infrastructure: Central sewage system, drainage system, good road network, underground electricity, and 24-hour uninterrupted power supply.
Recreational Facilities: Swimming pools, basketball and lawn tennis courts, gym, sports centers, and health clinics.
Green Spaces: Lush green areas and landscaped gardens for aesthetics and evening walks.
Security: 24-hour security with two manned layered access gates and codes, ensuring a safe and private environment.
Community Facilities: Space for schools, hospitals, recreational areas, and public places, supporting mixed-use development.
Flood Control: Emphasis on effective flood control mechanisms due to Lekki’s waterlogged terrain.

Pricing and Investment Details

Land Prices: Land within the estate ranges from ₦180,000–₦250,000 per sqm, with available plot sizes of 500 sqm, 750 sqm, and 1,000 sqm. A 50% initial deposit is required, with the balance spread over up to 12 months.
Property Prices:
- Average house price in the estate: ₦220,054,518.
- Most expensive: ₦1,000,000,000.
- Cheapest: ₦500,000.
- Utopia Residence (4-bedroom penthouse): ₦599,999,999–₦600,000,000.
Investment Potential: High rental value and ROI due to the estate’s prime location and luxury appeal. Discounts are available for bulk purchases and one-off payments, with priority corner plot allocations for bullet payment subscribers.
Payment Flexibility: Flexible payment plans with a minimum deposit to suit various financial plans.

Awards and Recognition

Luxury Lifestyle Award 2021: Awarded to Periwinkle Residences for Best Luxury Residential Development, highlighting their commitment to quality and innovation.
Customer Reviews: Positive feedback, with a 4.4-star rating on Google Business Profile, praising quality and customer service. Clients commend the professionalism, transparency, and ability to close deals effectively.

Challenges and Considerations

Flood Control: Lekki’s proximity to the lagoon poses flood risks, making robust flood control mechanisms critical. Periwinkle emphasizes this in their planning.
Transparency: Limited public information on some ongoing projects, construction materials, and timelines may require buyers to conduct further research or contact the developer directly.
Price Comparison: Land prices are higher than nearby projects like Orange Island (₦95,000–₦175,000 per sqm), which may affect affordability for some investors.

Recent Developments

Key Handover Event: On December 13, 2024, Periwinkle Residences held a carnival and officially handed over keys to new homeowners, marking a significant milestone.
Partnerships: Collaborations with Grenton, SATEL, and Al-Mansour Construction Limited for projects like Atlantis Towers.
Expansion: Periwinkle Empire is expanding with projects like Bethlehem City Awka and a partnership with Kent Housing in the UK to address housing shortages.

Why Choose Periwinkle Lifestyle Estate?

Exclusivity: Limited units (e.g., only 10 luxury units in some projects) ensure privacy and high investment value.webReal-timewebsearch
Prime Location: Proximity to business districts, upscale amenities, and waterfront views.
Luxury Living: Smart home technology, modern designs, and top-tier amenities cater to high-net-worth individuals.
Investment Value: High ROI potential for rentals and shortlets, supported by Lekki’s growing real estate market.

Contact Information

Email: In**@******************es.com
Address: Periwinkle Site Office, End of Freedom Way, After This Present House Church, Lagoon District, Lekki Phase 1, Lagos, Nigeria.
Phone: +2348028483915 (David Anu), +2348068958046 (Kenny, Three Digital Realtors).
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Conclusion

Periwinkle Lifestyle Estate in Lekki Phase 1 is a hallmark of luxury and innovation in Nigeria’s real estate market. With its strategic location, modern infrastructure, and diverse property offerings, it appeals to both homeowners and investors seeking exclusivity and high returns. While transparency on some project details could be improved, the estate’s award-winning reputation, led by Dr. Chiedu Nweke, and its focus on quality make it a top choice for premium living in Lagos. For further inquiries, contact Periwinkle Residences directly or consult a local real estate agent familiar with their projects.

Disclaimer: Prices and availability are subject to change. Prospective buyers should verify details with Periwinkle Residences Limited or authorized agents.