Lagos, Nigeria – Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today commenced ground breaking on its new state-of-the-art Office Headquarters located in Victoria Island, Lagos.
The Company’s vision behind “The Wings Project” is to create an innovative 21st century structure in the heart of the city, conveniently located on Ozumba Mbadiwe Street along the Victoria Island Waterfront. The structure will comprise of two identical 15 floor glass towers, with one tower occupied entirely by Oando personnel, and the other leased to other corporations. Each tower will comprise of 13 lettable floors, including 2 penthouse floors. Approximately 900sqm in leasable space will be available per office floor.
Commenting, Mr. Wale Tinubu, Group Chief Executive, Oando PLC said: “We are excited at the achievement of another key milestone towards our evolution as a Company. The construction of our new Head Office will not only signify a growth in our asset base by reducing expenses in the long term and generating income through office space leases. It will also provide an ideal working environment for our personnel to boost overall productivity.”
Completion is anticipated by the end of 2015.
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