First City Monument Bank and TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd have partnered to finance and deliver Louisville Phase 1, a 157-unit residential tower in Eko Atlantic City, Lagos.

The project is part of the larger Louisville mixed-use development, a $150m initiative that will feature a world-class hotel complex, commercial center, sporting facilities, and car park facility.

The Louisville development has received two prestigious Excellence in Design for Greater Efficiencies certifications from the International Finance Corporation, recognizing its commitment to sustainability and green building practices.

The development will be built to eco-friendly standards, integrating green technologies, smart home systems, and sustainable construction practices.

FCMB is providing a $40m loan facility for the residential development, marking the bank’s first major international infrastructure collaboration involving a housing cooperative.

The project reflects FCMB’s strategy to expand investment in mixed-use real estate that bridges housing deficits, supports free zone enterprises, and strengthens the urban economy.

Managing Director and CEO of FCMB, Yemisi Edun, said, “This partnership with Total Energies Housing Cooperative Multipurpose Society Ltd is our commitment to finance a project that supports Nigeria’s urban growth.

“The Louisville Mixed-Use Development supports integrated living and the development of a live, work, and play environment that meets global standards in facilities and hospitality.”

Chief Commercial Officer of TEHC, Oluwakemi Balogun, stated, “This partnership marks a bold step in global collaboration for urban renewal. We’re proud to work with FCMB to bring to life the first phase of the elite urban ecosystem in Africa.”

Managing Director of ITB Limited, Ramzi Chidiac, added, “Louisville will be a revolution in the developments within Eko Atlantic, Lagos, and Nigeria at large.”

The project is expected to be completed in phases over the next 36 months, with piling work already completed. The Louisville development is poised to set a new benchmark for luxury living in Eko Atlantic City, offering a unique blend of modern luxury, sustainability, and community living.