Category: Building & Properties

  • Bricklayers blame building collapse on greed, quackery, others

    Bricklayers blame building collapse on greed, quackery, others

    Nigeria Bricklaying Association (NBA) has listed harsh economy, quackery and timidity of some bricklayers as factors responsible for incessant building collapse in the country.

    They stated this at the yearly national conference of the association in Ilorin, the Kwara State capital. The artisans noted that greed among owners of structure under construction was also a factor.

    The theme of the conference is: “Let’s eradicate building collapse in Nigeria.”

    In a statement, the artisans emphasised the need for practical knowledge and acumen, among others, in the sector.

    Describing bricklayers as artisans who read and execute the drawings of other building professionals, the bricklayers said building collapse was not rampant in structures build by artisans in the olden days as against what obtains now.

    “Many building consultants are not grounded in building profession. Many of them are after their pay. For instance, some expatriates patronised by governments and wealthy individuals in the country do not have knowledge about our soil structures or land texture. There are different building foundations for different land or soil types. Versatile bricklayers or building engineers need to know about all this.

    “There are many quacks among bricklayers too; many lack integrity. They’re  the bad eggs. That’s one of the reasons we have this association and we plan to make it spread across the country. We train some people who would leave after about six months of working as labourers.

    “These people, then, go about getting building contracts without adequate expertise. In this situation, building collapse could happen in their jobs, they added.

    “Bricklayers should be bold and confident in his chosen vocation and not be timid while dealing with owners of building structures, especially during the construction process. Some greedy people would want bricklayers to add additional floor(s) to building structure against what is obtained in the drawing. Building collapse could occur in this instance.

    “We have qualified bricklayers. We also organise refresher training among our registered members on a regular basis.”

    NBA chairs also called on the government to accord the association due recognition and support.

    They said that they should be carried along in the scheme of things for more collaboration and assistance.

  • How to curb building failures, by BCPG

    How to curb building failures, by BCPG

    The Building Collapse Prevention Guild (BCPG) has met at a workshop in Ikeja, Lagos to find a solution to the perennial problem of building collapse. The event had as its theme:“Professional ethics and code of conduct”.  OKWY IROEGBU-CHIKEZIE reports.

    Building collapse has become a cancer not only to the government, but also to professionals in the built environment, who are chided by their foreign counterparts over their professional qualificcation.

    But there are professionals! Recently, these professionals met under the auspices of the Building Collapse  Prevention Guild (BCPG) in  Ikeja, Lagos to find a solution to this perennial problem in the country.

    The event was themed “Professional ethics and code of conduct.”

    To stop building collapse, a member of the Nigeria Institute of Building (NIOB), Lawal Ahmed, canvassed grading in the licensing of professionals in the industry.

    He stated that abroad, the practising licence is an embodiment of what a practitioner could offer. For instance, a five-year-old graduate of Building may not be allowed to supervise or build a five-storey while another person who studied the same course but with more years of experience might be allowed to supervise or build up to 10 floors.

     He said this also applies to artisans such as plumbers, electricians and maison.

    He also called for a data bank where information on a professional who took part in building that collapsed could be got.

    An engineer, Fola Adeniyi, said the capacity of the civil servants that check the drawings and giving of approvals should be looked into, adding that they should have knowledge and skill required to do a thorough job.

    He called on the need for the government to boost its human resource capital in building regulatory agencies and ministries.

     A surveyor, Gbenga Alara, underscored the need to abide with the rules and regulations governing the sector and that there should be consequences for  breakers.

    Besides, he called for the respect for boundaries by every professional in the sector, adding that people should stay on their lane.

    An estate surveyor and valuer, Allen Oseghale, agreed that each professional should refrain from incursion into where they have neither requisite the training nor skill.

    He singled out lawyers as  culprits, saying they have have left their training to delve into estate agency, the main stay of surveyors.

     A past National Treasurer of the Nigerian Institute of Quantity Surveyors (NIQS), Okusaga Oluranti Adelekan, regretted that some professionals do not apply common sense, but resort to prayers in their dealings.

    She said as land economists in the sector, their role is to advise their clients on what to do and ascertain if they could afford it and what had been done by architects.

    He said quantity surveyors prepare the Bill of Quantity and architects the drawings.

    Earlier, Chairman, Nigeria Society of Engineers (NSE), Ikeja branch, Femi Adedotun,  asked that building professionals should deploy their  ethics, honesty and integrity in their work.

    He advised that they should not cover their errors and any one found guilty should be penalised. He urged his colleagues to improve on their knowledge and be competitive.

    Adedotun, who was represented by the Financial Secretary of NSE, Olufunmi Olubajo, asked that professionals  to resist pressure from clients.

    “As professionals, we must insist on accuracy and rigour, which is bedrock of good analysis.

    “We must ensure cost-effective solution and confidence to the last decimal,’’ he added.

    Former president of BCPG, Kunle Awobodu, attributed poor workmanship as the reason for building collapse. He asked the government to build capacity and see the Guild as a partner and not competitor, especially their colleagues in government.

    President, BCPG, Sulaiman Yusuf, asked his colleagues to concentrate on their core competencies and learn to consult others in specialised field in the built environment to ensure sanity. He charged them on the need to obey the rules and regulations guiding the built environment sector.

  • Firm announces major expansion plans, innovative strategies

    Firm announces major expansion plans, innovative strategies

    An Africa leading real estate company Relle Diamond Properties Limited, known for its exceptional services and innovative approach, has recently unveiled its ambitious expansion plans and groundbreaking strategies to further solidify its position in the market. With a rich legacy spanning over three decades, Relle Diamond Properties Limited has consistently delivered top-notch solutions to clients in residential, commercial, and industrial sectors. The company’s commitment to excellence and customer satisfaction has earned it a sterling reputation in the industry.

    Under the visionary leadership of CEO, Abdul nasir usman, the company aims to capitalize on the booming real estate market by implementing a series of transformative initiatives. Abdul nasir , known for his strategic acumen and progressive mindset, plans to redefine the industry landscape and set new benchmarks for success.

    One of the highlights of Relle Diamond Properties Limited’s expansion plan is its entry into international markets. Recognizing the growing demand for global real estate investments, the company has identified key regions with significant growth potential. By leveraging their extensive network of partners and employing market-specific strategies, Acme Realty aims to provide lucrative investment opportunities to its clients worldwide.

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    In addition to geographical expansion, the comapny is embracing advanced technologies to enhance its service offerings. The company is heavily investing in cutting-edge tools such as virtual reality (VR) and augmented reality (AR) to revolutionize the property viewing experience. Prospective buyers and tenants will be able to virtually tour properties, examine architectural plans, and visualize interior designs, creating a seamless and immersive experience.

    Furthermore, Relle Diamond Properties plans to focus on sustainable and eco-friendly developments. With a growing emphasis on environmental conservation and energy efficiency, the company aims to lead the industry by incorporating green building practices into its projects. This commitment to sustainability not only aligns with global environmental goals but also attracts environmentally-conscious buyers and investors.

    To support its expansion endeavors, Relle Diamond has also announced plans to recruit and train a talented workforce. By nurturing a team of skilled professionals, the company aims to deliver exceptional services while fostering a culture of continuous learning and growth. Relle Diamond Properties Limited believes that its success lies in the collective expertise and dedication of its employees.

    As Relle Diamond Properties moves forward with its expansion plans, industry experts are optimistic about the company’s prospects. With its strong track record, commitment to innovation, and a forward-thinking approach, Relle Diamond Properties Limited is poised to establish itself as a frontrunner in the real estate industry on a global scale.

  • Nigeria’s top real estate business leaders

    Nigeria’s top real estate business leaders

    Real estate plays a central role in economic growth, as it makes significant contributions to the creation of employment, the construction of infrastructure, and urbanization. Real estate fuels related industries such as construction, finance, and household products, which creates a multiplier effect that raises aggregate economic activity. 

    Real estate investment can also provide stable returns and serve as an inflation hedge, and therefore is a sound wager for individuals and institutions.

    Through foraying into real estate, an individual is able to participate in wealth creation activities while providing constructive contributions to society through improved housing and infrastructure.

    Some of Nigeria’s top real estate business leaders are Aliko Dangote and Folorunsho Alakija, Kehinde Alex Bankole, Julius O. Akinyemi. The businesspeople are an indication of how strategic investments in real estate assist in stimulating economic growth and social progress in Nigeria.

    These business individuals are the quintessence of the instrumental role of visionary leadership and investment in the Nigerian real estate market, driving economic growth and development as well as community development by their successful initiatives.

    1. Aliko Dangote

    Profile:

    Aliko Dangote is one of Africa’s richest individuals and founder of the Dangote Group, a conglomerate with interests in diversified industries such as real estate. Although he is most famous for his activities in the cement industry, his companies have also diversified into real estate development. Dangote has been instrumental in spearheading infrastructure development in Nigeria, which is crucial in stimulating real estate development. 

    His initiatives in constructing affordable homes and commercial buildings not only created job opportunities but also stimulated economic activities in urban centers. With his investments, he has contributed to the development of the built environment in Nigeria, making real estate accessible to the common Nigerian.

    2. Folorunsho Alakija

    Profile:

    Folorunsho Alakija is a successful businesswoman and philanthropist with diverse interests in the oil and real estate sectors. She is the proprietor of the Rose of Sharon Group which has made significant strides in real estate development through its low-cost housing projects. Alakija’s method focuses on the provision of sustainable and affordable housing in Nigeria as a response to the increasing need for houses in cities. Her work not only helped to ease housing deficits but has also impacted by providing employment and developing communities. Alakija’s work is not limited to the real estate sector as she plays a substantial role in supporting several philanthropic causes designed to enhance Nigeria’s education and healthcare systems.

    3. Julius O. Akinyemi

    Profile:

    Julius O. Akinyemi is a seasoned real estate entrepreneur and founder of Julius Berger Nigeria Plc, a construction company and real estate development company. For decades now, Akinyemi has overseen large projects that have remodeled the Nigerian urban landscape. His company stands out for delivering high-quality constructions and innovative architecture designs that have increased value for residential and business real estate investments. 

    Akinyemi’s dream of ecologically friendly urban development has led the company to invest in environmentally friendly projects with a focus on the health of the community. His leadership not only improved the level of real estate development in Nigeria but has also made the country a destination of rising opportunity for international investors in the real estate industry.

    4. Kehinde Alex Bankole

    Profile:

    Kehinde Alex Bankole is a renowned Nigerian construction and real estate industry professional with extensive experience and leadership capability. Born and raised in Kwara State, he built a successful career with his first position as Chairman of Dex Cole Construction Company between 2009 and 2016. He was responsible for making the company stand out as a leading giant in its area of operation. He rebranded the business into KAB Constructions Limited in 2016, where he currently serves as the Managing Director and Chief Executive Officer.

    Bankole’s contribution to the real estate sector entails the construction of significant projects such as Lekki Court Estates and Discovery Gardens. He also joined the construction of Olabisi Onabanjo University Medical Hostel, a sign of his contribution to enhancing educational infrastructure in Nigeria. 

    His services have not only drawn clients but also a number of state governments, as he has provided building and technical contracting services to a number of schools across the country. These include Covenant University, University of Ilorin, and University of Abuja to a number of other schools, and even state governments from Ekiti to Delta.

    Aside from his business endeavors, Bankole also engaged in politics, and he was a trailblazer member of the Kwara State House of Assembly Commission between 2019 and 2022. Under his position, he took the lead in sponsoring the “Assembly Autonomy Law,” which aimed to advance the autonomy of the legislative chamber of Kwara State.

    Bankole’s triumph is not exclusive to his working life. He has received a doctorate of honor degree in the United States from Delaware University, awarded to him in 2022, and has received rewards for charitable services, among them the NAPTIP Benevolence Giver Award. His educational activities and community work have been reciprocated through several awards that include the Central City Business Awards and the award for the finest projects such as the Cambridge Commons and Century City Building.

    Scholarship-wise, Bankole was a student leader at the University of Ilorin, where he served as Vice President of the Advisory Council and Student Representative Council member. He also served as National President of the Federation of Oke Ero Students Union in Kwara State from 2002 to 2004.

    Kehinde Alex Bankole’s versatile career is distinguished by his commitment to infrastructure development, his political clout, and his passion for public service, which distinguish him as a leading figure among Nigeria’s business and public sectors.

  • iCreate Africa set to host sixth edition in Abuja

    iCreate Africa set to host sixth edition in Abuja

    Nigeria’s social enterprise and skill advocate, iCreate Africa, will hold its sixth edition themed “The Builders Show,” from June 1 – 3, 2023, at the International Conference Centre in Abuja. The event is aimed at revolutionising the construction industry.

    According to its Founder and Chief Executive Officer, Bright Jaja, speaking at a media briefing in Lagos, he said the builder show is aims to address the challenges facing the construction industry in Africa, particularly in the area of skills development and capacity building.

    “After successfully hosting five editions across the country and impacting thousands of youths, we have recorded significant gains in closing the huge gap between supply and demand of professional skill with the SkillFest event. “Chief among the gains include training artisans on proficiency, professionalism, image, safety, and billing. We have supported several successful building projects by providing artisans with the quality skillset, thereby mitigating certain risks to the advantage of contractors and project owners. The 6th edition will be exponential.”

    Speaking further, he said, “The event will feature the African construction skills competition, where teams from Togo, Nigeria, Benin and Ghana will compete in a range of construction related tasks and challenges. In addition, there will be an exhibition, workshops and an awards ceremony to recognise outstanding achievements in construction.”

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    In his address, the country business director of Bosch, Samson Ajayi, stated that the engineering company that makes mechanical parts is collaborating with iCreate to empower users with quality, affordable tools for the competition, train them on how to use the tools, and make them know that you can use one tool to achieve more than one output.

    The Managing Director, of Berger Paints, Alaba Fagun, in her address, said that partnering with the organisers was to build reputable artisans and to make them build products and showcase new visions because the business world was evolving.

    Also speaking, the Head of Projects at GIZ, Tobias Wolfgarten, said “We have a tremendous youth unemployment rate of more than 40% plus underemployment, and at the same time, we have companies that are desperately looking for qualified staff, and this is normally on the medium level of qualifications is plumbers, electricians, and hairdressers, These are the kinds of jobs that we need, and this is where we come in with our activities of matching both sides.”

    The sixth edition, which is tailored to address the huge skill gap in the built environment, will be the second time the event will be executed on the ‘Builders Show’ banner. This year’s event is about to create a new genre of entertainment where the new stars are construction artisans across the African continent.

  • Our properties will stand for over 200 years’, says Sujimoto

    Our properties will stand for over 200 years’, says Sujimoto

    The Chief Executive Officer (CEO) of Sujimoto Construction Limited, Dr Sijibomi Ogundele, has said all his company’s building projects have a guarantee of 200 years.

    In an interview with the real estate guru, he explained that the principles that govern the structural integrity of any building are universal, “whether you are building in Japan or Ijebu Ode, the structural principles used in both distant regions would present the same result when matched,” he said.

    Citing ancient buildings that have stood for centuries, Ogundele said that the Vatican City and the great Pyramid of Egypt which have stood for over 500 years are good precedent for what has become the foundation of modern-day engineering, giving us the blueprint for constructing some of the most incredible landmarks ever created on earth.

    Explaining the reason why buildings are collapsing, he said that they collapse because of defects in design among others.

    He said: “Buildings don’t just collapse all of a sudden; buildings are bound to crumble because of the underlying factors that pose major concerns: defects in design, compromises in the quality of the foundation, or compromises in the quality of materials used to erect such structures.

    “The persistent story of collapsed buildings isn’t a new phenomenon in the universe. There are a handful of buildings collapsing in Miami, Cape Town, and even Lagos Island. This happens because such structures weren’t built to last for more than 20 years, while in the same vein, some structures like the Burj Khalifa, Empire State Building, Kuala Lumpur Twin Tower, and even the over 500-year-old Vatican City are clear samples of architectural marvels designed to stand the test of time.

    “Selica is clearly not a Ferrari; there is a fundamental difference between erecting a skyscraper and building a Terrace or 2-floor apartment. Be it a 1004 type of finishing or a Sujimoto type of finishing, a developer can compromise standards in fixing tiles, windows, or doors, but you can’t compromise the structural integrity of any building above five floors: the quality of the concrete mix, the strength of the steel, and the foundation on which it sits must meet the international standard for structural integrity.

    “There is always much more to a building than meets the eye. A wide gamut of factors determines the lifespan of a property. That is why we traveled all over the world to study the best of ancient engineering. We have critically studied how the most majestic structures in the world have lived to stand the test of time, from the (2570 BC) great Pyramid of Giza to the architectural prowess of the Kuala Lumpur Twin Tower, which has stood for almost half a century. We realized that beyond the beauty and architectural masterpieces of these structures, they were meticulously and intentionally built to stand the test of time.

    “Because we love building high rises, our current audacious project, LucreziaBySujimoto, prompted us to research global best practices for what it takes to create a building that will outlive us. In this quest, we studied historical landmarks built as a result of incredible artistry and breathtaking engineering. We sourced the best hands from across the globe while training local architects and engineers through a collaborative approach.

    “In 2017, we also visited the team of engineers, geniuses behind the tallest building in the world, the Burj Khalifa, a vertical city that sprawls 163 stories into the skies of Dubai, as well as the ingenuity designers behind New York city’s historical landmark that has stood for almost a century, the Empire State Building. One of our findings revealed that these engineers spend excessive time in design, an extensive period of planning while following a well-mapped-out strategy in execution. These set of engineers ensure they cross all t’s and dot all i’s, giving room for zero tolerance for any mistake in structural integrity.

    One thing these remarkable feats of engineers have in common is that the methodology behind the execution of these projects is a clear indication that skyscrapers built in any corner of the universe can be designed and constructed to last for centuries if only it follows the philosophy and design of structural integrity.

    “When we started Sujimoto in 2014, we realized that the pace at which buildings were being dotted across every corner of Lagos State was at an alarming rate. There are so many developers delivering legbegbe ‘mal-structural’ properties to prospective home buyers in various neighborhoods in Nigeria, but our vision for Sujimoto was to erect buildings that won’t only be stunning and magnificent, but structures that can stand for over 200 years.

    “We have studied the global champions in Architecture from different parts of the globe, we’ve also carried out an extensive research in studying the best of the best in our region, we realized that great construction companies like Julius Berger and Cappa & D’Alberto though operating in local regions also have a Standard Operating Procedure that meets the global ethics of construction.

    “It is clear and evident that any modern-day architecture, whether in the richest neighborhoods of Miami or the suburbs of Gwagwalada, if not conformed with the structural principles and the best design methodology, is bound to crumble under the weight of time, leaving only ruins as ageless reminders that when you negotiate the value of quality, you pay the price for mediocrity.

    “For us, compromising was never an option. In building a vertical city or skyscraper, we knew that structural integrity had to be engrained within our walls. We’ve studied the construction methodologies used centuries ago, the foundation of which is reflected in all our projects. From the making of the tallest and most sophisticated residential building in Banana Island, the 15-floor LucreziaBySujimoto, an ultra-luxurious edifice with magnificent maisonettes and two of Africa’s best designed penthouses, to the meticulous design of LeonardoBySujimoto waterfront project, a 25-storey vertical city development nested in Africa’s most exclusive neighborhood-Banana Island’s next most luxurious project, LeonardoBySujimoto.

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    Designed to last more than a century

    Personally, I guarantee that the Lucrezia, as well as our other audacious projects: The Leonardo, The Queen Amina mixed-use project Located in the prime neighborhood of Abuja, and the Sujimoto Twin Towers (STT) – an audacious 44-storey, first-of-its-kind, one-of-a-kind tower deemed to be the tallest twin tower in Africa, are among an array of high-rise buildings designed to stand for the next 200 years.

    The reason we have this authority is because we have consulted with the best hands. We’ve brought onboard a household of experts ranging from the best designers, to the highest-ranking engineers and architects in vertical structure, a team of engineers who have designed 50-100 storey buildings both in Singapore and Dubai. We visited Dubai to study the Burj Khalifa, a building that has been designed to last for over 1000 years. We have also meticulously studied the types of underground infrastructures that make up their foundation, the piles, as well as the concrete type utilized in erecting the 500,000 tonnes maga structure.

    We didn’t just stop there, back home in Nigeria, we work with Sanni, Ojo & Partners (SOP) one of the best structural engineering companies in Nigeria, not only to be our local engineering partner but also to supervise and be instrumental in the execution of each slab and columns.

    At Sujimoto, we are not your usual real estate development firms; we pride ourselves as luxury bricklayers. We are very attentive to the type of sand we use, the quality of blocks, the quality of cement, and the quality of steel being used for our projects. We go the extra mile in contracting third party professionals who are mandated to carry out checks and balances on our projects and team of workers, ensuring we maintain our core values of addiction to quality and the quest to achieving the best in structural integrity. We invest a lot of research in making sure our buildings are designed to meet the highest standards, which is why I, Dr. Olasijibomi Ogundele, personally guarantee the Nigerian public that our buildings will last over 200 years.

    We would like to commend the efforts of the Ministry of Physical Planning and Urban Development, and Lagos state Building Control Agency (LASBCA) for the amazing work being carried out to ensure buildings being constructed are in accordance with the ethics of structural integrity. I would like to extend my utmost respect to the Permanent Secretary, Engr. Oluwole Sotire, who worked endlessly while I was in his office at 10:00 p.m. on Friday. I saw his resilience and his unwavering commitment to excellence, ensuring the housing and infrastructure sectors thrive on a pedestal of global standard.

    Dr. Olasijibomi Ogundele is the Managing Director of Sujimoto Group, the Czar of Luxury Real Estate Development, and the mastermind developer behind the renowned Giuliano. Our other audacious projects, such as; the most sophisticated building in Banana Island, LucreziaBySujimoto, the grandiose Sujimoto Twin Tower, -the tallest twin towers in Africa; the regal Queen Amina by Sujimoto, a monument to royal affluence; the magnificent high-rise LeonardoBySujimoto; Nigeria’s No. 1 most affordable luxury housing – Ìlú Titun, and Africa’s most exclusive waterfront townhouses GiovanniBySujimoto, some of which have etched an indelible imprint on Nigeria’s skylines, a testament to their unrivalled mastery of modern day engineering. We are relentless in our attention to every detail.

    This article was inspired by Mr. Benny Opazo, an astounding individual who has consistently reminded me of the importance of integrity; not only in oneself but in the structures we put in place.

  • UPDC eyes N15tr PenCom’s mortgage funding for middle class homes

    UPDC eyes N15tr PenCom’s mortgage funding for middle class homes

    Operators in the real estate sector have consistently pushed for the idle pension fund which, as at last December 31, was N14.99 trillion. PenCom has approved 25 per cent withdrawal from Retirement Savings Account (RSA) balance as equity contribution for mortgages. This has opened a window for real estate operators to create portfolios for subscribers to own homes. Recently, UPDC joined the ray, specifically targeting the middle class against its earlier style of building luxury homes, reports OKWY IROEGBU- CHIKEZIE

    With rapid growth of the country’s population and economic downturn, UPDC has reiterated calls for the unlocking of over N14 trillion pension fund to improve homes’ accessibility and ownership among Nigerians.

     At a briefing, its Chief Executive Officer, Mr. Odunayo Ojo, said there was a need for  a regulation to strengthen advocacy for Nigerians to use their pension contributions as equity for housing, hailing the new policy that allows pension contributors to access 25 per cent of their contributions for home ownership.

    He said: “The pension asset is over N14 trillion and by regulation can only be invested through an instrument such as treasury bills, government bonds. But now there is a policy that it can be invested in real estate development trust as one of the viable investments.”

    Explaining further, Ojo said what a pension account holder needed to do was to meet a developer and signify interest.

    He said his firm was pushing for a policy to reform the sector such as foreclosure laws as, according to him, over 20 million houses are needed to house Nigerians.

    He further explained that against this backdrop, there was no reason Nigerians should not use funds from PenCom to acquire homes.

    According to Ojo, housing creates stability in developed economies; hence, there is no reason Nigeria should not experience same now that funds are available from PenCom for home ownership.

    Ojo said his company was working on a pipeline of projects which requires a lot of capital and patience and so the new Pension Laws relating to housing has put UPDC in a comfortable position to deliver homes to clients.

    On the need for foreclosure laws, he said it would protect a landlord from dubious tenants. He recalled that some people who bought their houses in 2014 were still in court with them as they refused to complete their payments.

    He said UPDC was refocusing on the provision of middle-income housing across the country, as findings showed that there was a high demand in the segment.

    Ojo noted that when UPDC incurred losses for six consecutive years, they had to draw back and appraise their strategy. They found that if they must continue to be in business the middle income class is the future of real estate.

    He said UPDC had over N22 billion in assets portfolio, a 471-room hotel, 30 estates under management, over 1,000 residential units built and a large retail mall.

    According to him, the firm was leveraging its 25 years’ reputation for delivering standard projects, coordinating efficient development/asset management value chains, offering facility management services to restructure its hotel project.

    UPDC Head, Sales and Marketing, Damola Oguntoyinbo, said their latest estate dubbed Hampshire was a five-hectare site and services development on Monastry Road, Sangotedo, Lekki, Lagos. He said the development had residential plots broken into varying plot sizes with commercial plots. 

    He said: “The development is proposed to be a luxurious, serviced, mixed-use development and would boast of quality infrastructure such as a well-laid out roads, an effective drainage, solar powered streetlights, a pedestrian walkway, ample greenery and a recreational area. It is about a minute’s drive from the famous Novare Mall, on the Lekki-Epe Expressway.”

    He also aluded the new PenCom’s policy that allows a contributor to access 25 per cent of his contribution through mortgage to own his house. In his words, a decent housing is a precursor to stability in homes and the society at large.

    “Recently, UPDC’s interest in Real Estate Investment Trust (REIT) was unbundled to its shareholders. UPDC holds five per cent residual in the RElT as sponsor. The company is strengthening its capital structure by raising of N16 billion via rights issue, operating now as a subsidiary of Custodian Investment Plc and as an associate company to UAC,’’ he added.

  • Baay Projects unveils Green City Estate

    Baay Projects unveils Green City Estate

    Real estate developer, Baay Projects, has launched the Green City Estate.

      The estate is set to become a premier destination for sustainable and luxurious living, offering residents a combination of modern amenities, natural beauty, and futuristic design.

    Located in Ketu-Epe, Lagos State, the Green City Land development is designed to cater to a wide range of needs and preferences, with  well- planned residential areas, commercial spaces, and recreational facilities.

    The Green City Estate is also  located near major landmarks, which include the Lagos State food logistics hub, Film City, Grace Polytechnic, Lagos State University of Education, Epe, Lekki-Epe International Airport, Lekki-Epe Deep Seaport, and Lekki-Epe Free Trade Zone.

    The estate will feature innovative architecture, sustainable building materials, and state-of-the-art technology, blending with the surrounding environment. It will also prioritise sustainability and eco-friendliness, with a focus on energy efficiency, water conservation, waste reduction, and green spaces.

    Moreover, the estate will feature sustainable infrastructure and renewable energy sources, such as solar panels and wind turbines, minimising its carbon footprint and ensuring a healthier environment for residents.

    The estate will offer a range of recreational activities and amenities, including parks, gardens, hiking trails, sports facilities, a green house food system, sportand children play centres, groceries stores, study centre, tech city, mobile clinic, fitness and spa, making it a destination for families, outdoor enthusiasts, and nature lovers.

    “We are proud to launch the Green City land estate, a visionary project aimed at creating a sustainable and luxurious living experience in a natural and serene environment,” the Chief Executive Officer, Baay Projects, Mr. Segun Adegoke, said.

    “With its innovative design, state-of-the-art amenities, and commitment to sustainability, the Green City land estate is set to become a model for sustainable living and a premier destination for country living,” he added.

  • Mixta Africa forays into new Towns Development in Lagos

    Mixta Africa forays into new Towns Development in Lagos

    The  new Lagos City is an attraction to respectable and serious minded investors, including the elite, millennials and  the upper echelon of the society,  looking to invest in real estate  or aspiring to quality life.

    The development of apartments along the Lekki-Epe corridors is galvanising greater interest by investors and prospective homeowners, especially in mixed developments within the Lagos new town project in Lakowe, Lekki area.

    The project, starting from the Lakowe Lakes Golf and Country Estate, to Adiva Plainfields and Townsville, is promoted by Mixta Nigeria, a firm under Mixta Africa, spans 308 hectares.

    Speaking to reporters during a tour of the developments last week, the firm’s Sales and Marketing Executive, Mr. Ben Chiedu, said the facilities would improve the experience of homeowners, golf players and others on retreat, as the golf course is spread across the estate.

    “The estate is designed in such a way that no matter where you are, you will have a view of the golf course,” Chiedu said.

    The premium luxury developments consisting of Lakowe Lakes Golf and Country Estate, Beechwood Park, Marula Park and Adiva Plainfields, are connected to the 18-hole golf course and 14 natural, as well as man-made lakes.

    He added that the golf course occupies 30 per cent of the space, noting that the plan is that the real estate would take up 25 per cent because it is planned to retain as much greenery as possible. The golf course sits on almost 100 of the 308 hectares.

    For developers, it’s a new place to invest as the district would have over 200,000 residents, enjoying competitive facilities such as good roads, drainage, green living, natural elements, serenity and an exclusive lifestyle. The district is twice the size of Victoria Island and seeks to solve the problem of housing across varying class sectors in the state.

    Chiedu said the facilities would improve the experience of homeowners, golf players and others on retreat.

    He said: “The estate is designed in such a way that no matter where you are, you will have a view of the golf course.’’

    The estate comprises communities, the village, the enclave, which is the oldest community and an upcoming community in Ule that is under construction for the elderly, with two or three-bedroom apartments.

    “We have plots of land, we have sold hundreds of plots, and we still have a lot more. So, there is no other estate in Lagos that is like Lakowe Lake Estate in terms of size, the ambience and the natural environment we have created.There is 24-hour power supply,” he said.

    Chiedu noted that the estate has a power solution in partnership with a third party organisation. He added that they were looking into transitioning to gas as their source of power,  to help drive down the cost of power and attract more people to the estate.

    He added that the estate has a very robust security architecture covering the entire land bank.

    Furthermore, he said there was an ambulance that takes residents or their guests, who need more professional medical attention, to a hospital.

    He noted that the interest on the estate was increasing due to the Dangote Refinery and new employees within the Lekki Deep Seaport.

  • Real estate firm excites customers

    Real estate firm excites customers

    • .Allocates land in Epe

    Land Republic, a leading real estate company in Nigeria, last weekend brought joy to its esteemed clients as it allocated Vert City, a new gated eco-friendly estate at Ketu-Ejirin Epe.

    Co-founder of Land Republic Limited, Victor Adesewa noted that Vert City is one of the firm’s strategic projects due to the various development taking place around Epe, such as the Media and Film City, the Central Food and Logistics Hub, the Psychiatric Hospital, Lekki-Epe International Airport, and many more.

    He assured clients that they would enjoy every bit of their investment in the years to come.

    During the allocation, Co-founder and Chief Operations and Technology Officer, Ayodeji Ajuwon assured clients of the safety of their property, while stressing the trustworthiness of the firm.

    A satisfied customer, Mr. Obi Emeka, expressed contentment with his land purchase. He said: “I am lucky to have bought a piece of land here because of the massive development I can see around me, and in the years to come, this location will be one of the most sought-after locations in the state. If I am inspired by God to make more money, I will buy more land from Land Republic.”

    He encouraged others to get land in Epe from the firm because they are trustworthy.

    Another customer Miss Folashade Adeyanju was equally impressed with the work of the organisation.

    “My close friend introduced me to the firm and to be honest, I am impressed with what I have seen so far, the organisation and the results. Despite the fact that I was skeptical before I invested, my friend assured me of their work, and seeing it today is just exciting , and I am pleased with it.”

    Similarly, Mr. Gbadebo Toheeb, lauded the company’s professionalism. He expressed his admiration for Land Republic, stating that he had dealt with several real estate companies in the past, but the organisation is exceptional. He was thrilled to see his property with the assurance that it was secure.

    Vert City is one of Land Republic’s real estate development projects set in the top-rated residential city in Lagos, on Ketu-Ejirin Road, Epe.