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Landmark Group to invest in other states, African countries after Lagos beach demolition



The management of Landmark Beach Resort announced that it is pursuing investment opportunities in states other than Lagos and other West African nations after the demolition of part of its properties in the southwest state.

This is contained in a circular signed by the Landmark Groups on Thursday and posted on its official X (formerly Twitter) account.

According to the statement, the company is in advanced discussions with other states in the country as part of its efforts to expand its investments beyond the borders of Lagos.

The company stated that the investment talks will elevate Nigeria’s and Africa’s tourism sectors to international standards.

Accordingly, Landmark also said it has attracted over $100 million in foreign investment since two decades of its establishment.

The company also said the demolished part of its properties affected thousands of families as well as over 50 micro beach businesses in Lagos.

ThePressNG previously reported that on April 29, 2024, demolition activities commenced at Landmark Beach Resort on Victoria Island’s Oniru area due to its encroachment on the Right-of-Way designated for the Lagos-Calabar Coastal Highway.