A TEAM of private investors have draw the curtain on a five-storey, twin-tower office building, which incorporates cutting edge technology and environment-friendly spaces in the heart of Victoria Island, Lagos.

Christened Mansard Place, the N5billion project, developed through a joint venture between Mansard Insurance Plc and African Capital Alliance, is built to an international standard and it comprises 7,000 square meters of lettable space, premium finishes and high quality building services.

The project incorporates multiple elevator banks, ample parking bays, security systems and CCTV and 24-hour utilities.

The iconic building  formally opened at the weekend by the Lagos State Commissioner for Finance, Mr. Tokunbo Abiru, brought together corporate bigwigs from both from the public and private sectors.

The complex is located on Bishop Aboyade Cole Street Victoria Island, close to Exxon Mobil headquarters, the KPMG Building and the Lekki-Epe Expressway.

In his speech, the Chief Client Officer, Mansard Insurance Plc, Tosin Runsewe described the new edifice as “Lagos commercial office development of choice, boasting of a simple, yet functional iconic design with an equally keen focus on aesthetics and practicality of the building’s high quality interior. “

For a Principal at ACA’s Real Estate Fund, Mr. Obi Nwogugu, the development of Mansard Place has raised the bar on grade-A office standards in this market.

“The layout of the building’s floor plate enabled us achieve great flexibility for users of various sizes. There has been a strong response from multinational tenants which has led to us achieve a high occupancy of the building,”  he said.

Mansard Insurance plc is quoted on the Nigerian Stock Exchange with a market capitalization in excess of N20 billion. The company has evolved from being a subsidiary of GTBank plc into a wholly independent insurance company with major shareholding by Assur Africa Holding, a consortium of three European Development Finance Institutions and two Private Equity firms.

ACA is a leading Lagos-based private equity firm that invests in West Africa, principally in Nigeria and the Gulf of Guinea. The firm’s mission is to mobilize capital, managerial expertise and technology to create a modern economy in Africa; reshaping the continent’s economic agenda by unlocking it’s private sector potential.

With over $750 million in funds under management, ACA is a dominant player in its markets and has a significant track record of successfully exiting investments. ACA’s real estate fund continues to make investments in the West African region focusing primarily on the hospitality, retail, office, industrial and residential sectors.