Property values within Pelican Valley developments are expected to rise significantly following the inauguration of the Gateway International Airport by Bola Ahmed Tinubu—a major infrastructure milestone projected to reposition Ogun State as a logistics and economic hub.
Real estate analysts say the airport’s commissioning has already sparked renewed investor interest in nearby residential and commercial schemes, particularly those under Pelican Valley Nigeria Limited. The estates’ strategic proximity to the new cargo airport places them in a prime position to benefit from the anticipated growth in aviation-linked economic activities.
Pelican Brief Estate in Kobape is emerging as a key beneficiary, located approximately 45.3 kilometres—about a 50-minute drive—from the airport. Its accessibility is expected to attract professionals, logistics operators, and investors seeking opportunities within the emerging aerotropolis.
Likewise, Pelican Valley Estate in Laderin is poised for appreciation. Situated roughly 55 kilometres away—an estimated one hour and 10 minutes by road—the estate combines residential comfort with access to the fast-developing aviation corridor. Both estates also enjoy connectivity to the Murtala Muhammed International Airport in Ikeja within about 90 minutes by road.
Industry observers note that infrastructure-driven development has historically fueled property booms, and the Gateway International Airport is expected to follow a similar trajectory. Improved connectivity, increased commercial activity, and job creation are likely to drive sustained demand for housing in surrounding areas.
Providing insight into investment returns, the Chief Executive Officer of Pelican Valley Nigeria Limited, Amb. (Dr) Babatunde Adeyemo, said early investors are already reaping substantial gains.
“I recently hosted representatives of foreign-based investors who bought into our Pelican Brief project through an existing relationship. Their vision of building a country home is now becoming a reality,” he said.
Adeyemo disclosed that the Ajala family acquired over 15 plots in 2021, noting that plots initially sold for as low as ₦1 million are now valued at about ₦17.5 million. He added that the estate has attracted more than 800 Nigerians in the diaspora, with over 100 ongoing government-approved developments.
Stakeholders believe the airport’s inauguration could trigger even greater appreciation in property values, underscoring the critical role of location, infrastructure, and timing in real estate investment decisions.
Former President Olusegun Obasanjo described the airport’s commissioning as a “historic occasion,” expressing satisfaction at witnessing the project in his lifetime. He noted that when Ogun State was created five decades ago, the establishment of an airport was unimaginable.
Obasanjo added that the new facility has significantly reduced travel time to Abeokuta, recalling that journeys from Lagos previously took at least an hour, a challenge now eased by the airport’s proximity.
Also speaking, Senate President Godswill Akpabio said he was impressed by the rapid transformation of areas around the airport into an emerging industrial hub.
According to him, the Kobape–Abeokuta expressway corridor leading to the airport has become an investors’ destination, attracting over ₦16 billion in investments, with several industrial players relocating from Agbara to the axis.