Periwinkle Empire, a leading luxury real estate developer, has made a grand entry into Abuja's high-end property market with a $150 million, 20-storey condominium development in the city's Central Business District. The project, known as Royalties Abuja, is a partnership with Prime Luxury Address Ltd and is strategically located opposite the United States Consulate. This significant investment aims to bring a new standard of premium residential development to Abuja, transforming the city's skyline and supporting economic activity.
The partnership between Periwinkle Empire and Prime Luxury Address Ltd was formalized on October 6, 2026, during a consortium agreement signing and official handover of the project site. Chairman of Prime Luxury Address Ltd, Dr. Peter Adejoh, emphasized that the collaboration is a deliberate effort to set a new benchmark for luxury residential developments in Abuja. He highlighted that the project will not only change the city's skyline but also create employment opportunities and support professionals, artisans, and young Nigerians.
For Periwinkle Empire Chairman, Dr. Chiedu A. Nweke, the Abuja project marks the company's first major venture in the city and a significant step in its expansion beyond Lagos. Nweke, known as the "King of High Rise," cited Abuja's strategic importance, prime locations, and long-term investment prospects as key factors influencing the decision. He expressed confidence that the company's experience with high-rise and luxury developments in Lagos has prepared it for the new project in Abuja.
The construction of Royalties Abuja will be carried out by Al Mansour Contracting Limited, with Engr. Wael Mansour, the contractor's representative, assuring that international engineering and construction standards will be applied throughout the project. The development will incorporate modern design, engineering, and finishing, with a focus on achieving LEED certification for sustainability, energy efficiency, and environmental performance.
Tunde Olatunji, Managing Director of Periwinkle Condos, described Royalties Abuja as a high-value investment that will raise the bar for luxury, comfort, and investment returns in Abuja. The project's development value is estimated to be over $150 million, making it one of the capital's most prominent residential developments. The development is expected to create jobs during construction and after completion, boosting businesses and other economic activities linked to the project.
The project has garnered support from various stakeholders, including Nollywood actor Ikechukwu "IK" Ogbonna, who welcomed the development as an opportunity to contribute to Nigeria's economy. Detail Commercial Solicitors is serving as lead counsel, while Deloitte is providing financial and transaction advisory services. With construction set to move into its next phase, the developers are focused on creating an iconic residential tower that meets the demands of Abuja's premium property market.
The Royalties Abuja project represents a significant expansion of Periwinkle Empire's luxury real estate footprint, following its developments in Lekki Phase 1, Lagos. The company's entry into Abuja's market is expected to have a positive impact on the city's economy, creating jobs and stimulating economic activity. As the project progresses, stakeholders will be watching closely to see how it shapes the city's skyline and sets a new standard for luxury residential developments in Nigeria.
Key points
- Periwinkle Empire partners with Prime Luxury Address Ltd to develop a $150 million, 20-storey condominium project in Abuja's Central Business District.
- The project, Royalties Abuja, aims to bring a new standard of premium residential development to Abuja, transforming the city's skyline and supporting economic activity.
- The development is expected to create jobs during construction and after completion, boosting businesses and other economic activities linked to the project.
