Periwinkle Empire has announced plans to develop a $150 million, 20-storey residential tower in Abuja's Central Business District, in partnership with Prime Luxury Address Ltd. The project, known as Royalties Abuja, is situated opposite the United States Consulate in the heart of the capital. This marks Periwinkle Empire's first major project in Abuja and an important step in its expansion beyond Lagos. The development is expected to transform the city's skyline and support economic activity through employment and opportunities for professionals, artisans, and young Nigerians.
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, stated that the partnership aims to bring a new standard of premium residential development to Abuja. He emphasized that Royalties Abuja represents a deliberate investment in quality, employment, and the future of Abuja's real estate market. The project is designed to incorporate modern design, engineering, and finishing while targeting LEED certification for sustainability, energy efficiency, and environmental performance.
Periwinkle Empire Chairman, Dr. Chiedu A. Nweke, popularly known as the "King of High Rise," noted that the choice of Abuja was influenced by the city's strategic importance, prime locations, and long-term investment prospects. He added that the company's experience with high-rise and luxury developments in Lagos had prepared it for the new project in Abuja. The development is expected to create jobs during construction and after completion, while boosting businesses and other economic activities linked to the project.
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 feature modern design, engineering, and finishing, with a focus on sustainability, energy efficiency, and environmental performance. Tunde Olatunji, Managing Director of Periwinkle Condos, described the project as a high-value investment with a development value of more than $150 million.
The project has garnered support from various stakeholders, including Nollywood actor Ikechukwu "IK" Ogbonna, who welcomed the development, describing his growing involvement in real estate as an opportunity to contribute to Nigeria's economy. The project is supported by Detail Commercial Solicitors as lead counsel, while Deloitte is serving as financial and transaction adviser. With construction set to move into its next phase, the developers are focused on creating an iconic residential tower capable of meeting the demands of Abuja's premium property market.
Royalties Abuja is expected to become one of the capital's most prominent residential developments, raising the bar for luxury, comfort, and investment returns in Abuja. The development will provide opportunities for professionals, artisans, and young Nigerians, contributing to the growth of the local economy. Periwinkle Empire's expansion into Abuja's luxury real estate market marks a significant milestone for the company, following its developments in Lekki Phase 1, Lagos.
The developers of Royalties Abuja are optimistic about the project's potential to transform Abuja's skyline and contribute to the city's economic growth. With a focus on quality, employment, and sustainability, the project is poised to set a new standard for luxury residential developments in Nigeria's capital city. The project's success is expected to have a positive impact on the local economy, creating jobs and stimulating economic activity.
Key points
- Periwinkle Empire partners with Prime Luxury Address Ltd to develop a $150 million, 20-storey residential tower in Abuja's Central Business District.
- The project, Royalties Abuja, is expected to create jobs and stimulate economic growth in the local economy.
- The development will incorporate modern design, engineering, and finishing while targeting LEED certification for sustainability, energy efficiency, and environmental performance.
