The Nation Newspaper

Category: Property

  • Southwest NANS endorses Kolawole Tony as Lagos REDAN Chairman

    Southwest NANS endorses Kolawole Tony as Lagos REDAN Chairman

    The leadership of National Association of Nigerian Students (NANS) Southwest Zone has throwed its weight behind Dr. Kolawole Tony ambition to lead Real Estate Developers of Nigeria (REDAN) Lagos chapter.

    The students body urged all developers, realtors and students to support Tony’s candidacy and actively participate in the electoral process for emergence of capable and effective leadership team that will prioritise welfare and development of REDAN.

    A statement by the Coordinator, NANS Southwest Zone, Com. Alao John, said Tony has demonstrated exceptional leadership qualities, integrity and deep understanding of challenges faced by Nigerian students. 

    It said his passion for education reform, student welfare and advocacy for improved academic standards have been evident throughout his tenure as a student leader. 

    The statement reads: “NANS is the apex body that oversees the affairs of all Nigerian students, serving as a platform for voicing their concerns, promoting their welfare, and advocating for their rights, it is our responsibility to identify leaders who possess necessary qualities, skills, and experience to drive positive change within the student community. 

    “We, the leadership of the National Association of Nigerian Students (NANS) Southwest (Zone D), hereby issue this endorsement statement in support of the candidacy of Dr. Kolawole Tony ASPIRE for the position of Chairman, REDAN Lagos Chapter and all entire transformation team. 

    Read Also: NANS roots for Air Peace

    “As representatives of Nigerian students, it is our duty to ensure that competent and capable individuals are elected into positions of leadership, and after careful consideration, we wholeheartedly endorse Dr. Kolawole Tony ASPIRE.

    “Dr. Kolawole Tony ASPIRE experience as a the CEO of Billionaire Realtors Group (BRG) and within the constituency of REDAN (Real Estate Developers Association of Nigeria) has equipped him with valuable knowledge and expertise in dealing with crucial issues such as accommodation, infrastructure, and development within REDAN. 

    “His ability to liaise effectively with various stakeholders, including government agencies, educational institutions, and student bodies, has proven instrumental in achieving tangible results for Nigerian students.

    “We firmly believe that Dr. Kolawole Tony ASPIRE leadership qualities, coupled with his track record of advocacy, make him the ideal candidate to spearhead the transformation team. 

    “We are confident in his ability to implement progressive policies that will address the pressing concerns of Nigerian students, including access to quality education, improved infrastructure, affordable accommodation, and enhanced student welfare.”

  • Real estate firm clarifies client refund situation over demolition incident Abuja

    Real estate firm clarifies client refund situation over demolition incident Abuja

    Almubee Group, a real estate company headquartered in Abuja, has stated that the recent reports regarding client refunds following a demolition incident in the Wuse area of Abuja is misleading.

    In a release to the press, the company’s Chief Communication Officer, Israel Evra Abdullahi said that Almubee Group is not currently indebted to any client.

    He stated: “The situation arose when five clients who had invested in our Wuse project requested refunds following a demolition carried out by the Development Control arm of the Federal Capital Development Authority (FCDA). 

    The demolition, widely reported by various news media outlets, was attributed to violations of regulations by some clients, as detailed in online reports.

    In response to the demolition, Abdullahi also stated that Almubee Group promptly complied with the recommendations of the Development Control arm by submitting for resubmission, adding that the company obtained final building approval, and construction activities have since resumed at the site.

    Read Also: Reforming real estate market using Dubai model

    He said: “Efforts were made to engage with the five affected clients, urging them to fulfill their outstanding payments and resume work at the site. However, they declined this offer and insisted on refunds. Almubee Group agreed to process the refunds in accordance with its established company policy, which stipulates that deposits are refundable but subject to the resale of the land.

    “Regrettably, despite our efforts to address their concerns privately, the clients opted to air their grievances in the media. We view these actions as unwarranted, particularly as they are compounded by the influence of certain malicious entities. Consequently, Almubee Group intends to pursue legal recourse against these individuals,” stated Abdullahi.

    Stating further, Abdullahi disclosed that the Chief Executive Officer of Almubee, Mubarak Abuche is a notable philanthropist, whose gestures are felt beyond regions. 

    He allayed the insinuations treading the chairman’s support to Mohbad family as normal and part of his philanthropy gestures   

    “It has come to our attention that our Chairman and CEO, Emperor Mubarak Abuche, has been the subject of media scrutiny regarding his philanthropic endeavors, particularly his recent donation to the family of the late musician Mohbad. We wish to clarify that such philanthropic gestures are intrinsic to our Chairman’s ethos and have been a longstanding practice of his. Almubee Group fully supports his commitment to giving back to the community and will continue to uphold these values.

    “Almubee Group remains steadfast in its dedication to delivering quality real estate solutions and upholding the highest standards of professionalism and integrity. We appreciate the continued support of our clients, stakeholders, and the public as we navigate through this situation,” he said.

  • Optiva Capital delivers as five-star resort is completed in Grenada

    Optiva Capital delivers as five-star resort is completed in Grenada

    Chairman of leading investment immigration company, Optiva Capital Partners, Mr. Franklin Nechi, over the weekend joined leaders of the Caribbean countries and other global captains of industry at an exclusive pre-opening ceremony for the newly-completed luxurious five-star resort, Six Senses La Sagesse, easily the best hotel in Grenada. 

    The resort was developed by Range Developments, a leader in luxury developments in the Caribbean, and one of the elite global partners of Optiva Capital for exclusive and bespoke investment opportunities for Nigerians and Africans across investment immigration, investment services and advisory, and international real estate.

    Dignitaries at the high-profile event where Nechi was the only African invited to the occasion include Prime Minister of Grenada, Dickon Mitchell; Prime Minister of Saint Kitts and Nevis, Terrance Drew; Governor General of Grenada, Cecil La Grenade; and Mohammed Asari, Chairman, Range Development. Others were the Chief Executive Officer of Six Senses International, Neil Jacobs; and Chief Operating Officer of Intercontinental Hotel Group, Jorge Apaez.

    The five-star resort, Six Senses La Sagesse enjoys a pride-of-place setting between the ocean and a protected cove on the southern part of the island, known for its spice and relaxed lifestyle. 

    Suites and villas extend across 38 acres (15 hectares) within the natural topography of the land, with great effort given to ensuring space, privacy, and uninterrupted views over the turquoise sea. Influenced by the region’s traditional architecture, the design language mimics a Caribbean village bursting with variety along the lagoon promenade and beach, with natural walkways through the gardens maintaining the connection to Grenada’s “Spice Island” heritage.

    Read Also: OPTIVA Capital growing immigration investment

    With the completion of Six Sense resort Grenada on schedule by Range Developments, an award-winning developer of luxury resorts, Optiva Capital Partners has demonstrated its capacity to deliver on its promise to clients on Citizenship by Investment in Grenada.

    Nechi restated that delivering on its promise to clients further deepens relationships between Optiva Capital and its elite global partners for the benefit of their clients.

    Grenada boasts one of the most appealing and robust Citizenship-by-investment (CBI) programmes globally. It maintains strong diplomatic ties with the US, the UK, and the EU.

    Gaining access to the USA is not the only benefit one gets from obtaining a Grenada passport, it also gives visa-free travel to 143 countries including all countries of the European Union, United Kingdom, Singapore, Russia and China.

    Grenada stands out as one of the Caribbean nations offering a citizenship programme that grants its citizens the opportunity to obtain an E-2 visa. 

    By acquiring an E-2 visa, holders of a Grenada passport can reside in the United States indefinitely. As a citizen of Grenada, you will enjoy the benefits of the USA TREATY with Grenada, enabling you to establish a business, reside and work in the USA alongside your family. You can also live and work in Grenada as a second home with zero hassles on global income tax, wealth tax, or inheritance tax.

    To get a Grenada passport, there are two options, invest $220,000 in a government-approved real estate project. The property must be held for a minimum of 5 years before it can be sold or you make a non-refundable minimum donation of $150,000 to the National Transformation Fund.

    Optiva Capital Partners, the largest provider of second citizenship and residency services in Africa has assisted thousands of families in obtaining second citizenship and residency from Grenada and many other Caribbean countries as well as permanent residency programmes in USA, Canada, Portugal, and Greece.

    The company has 21 branches across the country and provides excellent investment immigration, investment advisory, wealth management services, and international real estate for its esteemed clients who have trusted them with their investment immigration needs for over 13 years.

    Working with its elite global partners, Optiva Capital has helped many families with their immigration and global access needs over the years and “has consistently done this with utmost diligence and professionalism.”

  • Novarick Homes unveils Lagos’ Premier Wellness Retreat Alaafia Resort & Spa

    Novarick Homes unveils Lagos’ Premier Wellness Retreat Alaafia Resort & Spa

    Novarick Homes is set to redefine luxury living with the introduction of Lagos’ first Wellness Resort – Alafia Resort & Spa nestled within The Ridgewood Epe estate.

    Situated in Ketu, Epe, The Ridgewood Lagos epitomises the epitome of suburban tranquility, offering residents an idyllic retreat from the hustle and bustle of city life. Designed to promote mental rejuvenation and physical wellness, the estate spans 30 acres of pristine land, featuring lush green spaces and world-class amenities.

    “At Novarick Homes, we are passionate about creating spaces that enhance the quality of life for our residents,” CEO of Novarick Homes & Properties Limited Noah Ibrahim stated. 

    “With The Ridgewood Lagos, our vision is to provide a serene haven where residents can escape the stresses of urban living and reconnect with nature.”

    Central to the estate’s allure is the exclusive Alafia Resort & Spa, a 30-room short-stay sanctuary dedicated to promoting good health and wellness. Derived from the Yoruba word meaning “Good health and wellness,” Alafia offers guests a luxurious retreat, complete with state-of-the-art massage parlors and spa facilities.

    “The launch of Alafia Resort & Spa represents a significant milestone for Novarick Homes,” Noah Ibrahim began, adding “Our goal is to create a holistic wellness experience that rejuvenates the mind, body, and spirit, setting a new standard for luxury hospitality in Lagos.” 

    Director of Projects at Novarick Homes, Engr Lateef Ibrahim, echoed the company’s commitment to excellence and accountability. 

    “At Novarick Homes, we prioritise quality and integrity in every project we undertake. With The Ridgewood Lagos and Alafia Resort & Spa, we aim to exceed expectations and deliver a world-class living experience,” he stated. 

    Read Also: Novarick Homes gives spelling bee winners land, scholarship

    The development timeline for The Ridgewood Lagos and Alafia Resort & Spa has been set and the Company is keen on ensuring its complete delivery by 2028. 

    This year 2024, we will be starting off with the groundbreaking of  Alafia Resort & Spa, completing the estate fencing and laying the foundation for the recreational facilities of The ridgewood. 

    “In 2025,  our priorities will be the completion of Electrification and Water Infrastructure. In 2026-2027: Finalization of Internal Infrastructure and Estate Facilities, and in 2028, we officially launch of Alafia Resort & Spa,” he explained

    In addition to The Ridgewood Lagos, Novarick Homes has garnered acclaim for its other notable projects, including the Ruby 1 Apartments and Ruby 2 Duplexes in Ologolo Lekki. 

    With a steadfast commitment to sustainability and affordability, Novarick Homes continues to shape the landscape of real estate in Nigeria, catering to the needs of the dynamic and fast-growing population.

    As Novarick Homes prepares to unveil Alafia Resort & Spa at The Ridgewood Epe, anticipation is high for a new era of luxury living and wellness in Lagos.

  • Hamrex Properties bags prestigious excellence award from Ignatius Ajuru University

    Hamrex Properties bags prestigious excellence award from Ignatius Ajuru University

    Ignatius Ajuru University has honoured a leading real estate company, Hamrex Properties, with an esteemed Excellence Award on Thursday, March 21.

    The Port Harcourt-based company while receiving the award said it will forever be etched in memories.

    This recognition, bestowed upon Hamrex Properties by the Department of English and Communication Art at Ignatius Ajuru University, marks a significant milestone in the company’s journey towards excellence.

    It underscores Hamrex’s unwavering commitment to unparalleled service and integrity in the real estate sector.

    Read Also: Sugar industries require $3.5bn investment for production, creation of 110,00 jobs

    The momentous occasion was an event filled with inspiration and excitement. Among the distinguished attendees, Hamrex Properties was celebrated as the most reliable and trustworthy real estate company in Port Harcourt, a testament to its dedication and exceptional performance.

    Expressing his elation upon receiving the award, Amadi Harry Excellent, CEO of Hamrex Properties, remarked, “I am deeply honoured and thrilled to accept the award for the most reliable and trustworthy real estate company in Port Harcourt.

    “This accolade is a testament to the dedication and hard work of our entire team. Hamrex Properties Limited remains steadfast in upholding the highest standards of integrity and excellence in serving our clients and the community.”

    Amadi Harry Excellent, the Managing Director/CEO of Hamrex Properties, is a distinguished licensed real estate entrepreneur, certified property consultant, investor, business coach, and public speaker. His leadership and expertise have propelled Hamrex Properties to the forefront of the real estate industry, setting a benchmark for excellence and professionalism.

  • Buy safe properties launches premiere estate in Ibadan

    Buy safe properties launches premiere estate in Ibadan

    Buy Safe Properties, a fast-growing real estate company, has launched Serenity Courts in Ibadan, Oyo state. 

    This come two months into the firm’s real estate journey, marking a pivotal moment in their commitment to providing valuable investment opportunities for middle-income earners.

    The unveiling ceremony of Serenity courts took place on February 24 with participants taking off from Ojoo terminal in Ibadan Oyo State and proceeded to the site at Alabata, Moniya. The event was graced with prominent figures in the real estate sector, including Tijani Roqib Kehinde, CEO of Roken Properties. 

    During the launch, Daniel Saviours, the co-founder of Buy Safe Properties, delivered a compelling invitation to realtors nationwide to partake in this opportunity and make sound investments with promising returns at Serenity Courts.

    Read Also: Our fast delivery in allocating customers’ properties stands us out — Seven30 boss

    “Find out where people are going and buy land before they get there,” Daniel emphasized. “Serenity Courts is curated for investors seeking assets with remarkable returns and helping realtors meet their real estate goals,” he stated.

    Daniel added the estate’s strategic location near the heart of Ibadan, offering easy access to key landmarks such as the University of Ibadan, Ibadan Dry Port, Ibadan Train Station, Iseyin Expressway, Global Agricultural Research (IITA), and an expanding tertiary institution, making it a beautiful investment opportunity.

    Victor Oladipo, co-founder of Buy Safe Properties, expressed confidence in Serenity Courts, affirming its potential as a strategic investment for realtors seeking high returns in a rapidly developing city.

  • Akinkunmi Oladipupo delighted over appointment as REDAN-FCT Secretary

    Akinkunmi Oladipupo delighted over appointment as REDAN-FCT Secretary

    The CEO/MD of Nest and Nail Nigeria Limited, Akinkunmi Oladipupo has been elected as Secretary of the Real Estate Developers Association of Nigeria (REDAN) Abuja Chapter (REDAN-FCT, Abuja).

    In response to the appointment, Oladipupo expressed his commitment to contributing to the advancement of the real estate sector in Abuja.

    He stated: “I want to express my appreciation to our outgoing Chairman, the Vice President  North Central Zone Esv Osilama E Osilama for his mentorship and the newly elected Chairman of  REDAN FCT Dr Anthony Okoruwa for their trust in me and their dedication and hard work in serving our association. I am grateful for their contributions and look forward to building upon the foundation they have laid.

    “To the executive committee, I am eager to collaborate with you all to ensure that our association continues to thrive and fulfil its mission of supporting and empowering our members. Your guidance, support, and expertise will be invaluable as we navigate the challenges and opportunities that lie ahead.

    “I am also grateful to my family, friends, and mentors for their unwavering support and encouragement. Their belief in me has been a source of strength and inspiration throughout this journey. 

    ” I want to reaffirm my commitment to serving the members of our association with integrity, transparency, and dedication. Together, we can achieve great things and create a bright future for our organisation.”

    Acknowledging the significant housing deficit in Nigeria, Oladipupo highlighted the urgency of addressing the issue improving the state of the real estate industry. 

    He emphasised the need for collaboration within REDAN-FCT, Abuja to work towards a united and transparent association.

    As the newly appointed Secretary, Oladipupo outlined his responsibilities, including working closely with the REDAN FCT Chairman, Dr. Anthony Okoruwa, to ensure effective management of the association. 

    He stressed the importance of maintaining accurate records, organising meetings and fostering communication among members.

    Oladipupo emphasised his plans to foster communication and collaboration among members by encouraging open dialogue, setting clear team goals, and ensuring transparency within the secretariat.

    He expressed commitment to engaging both existing and potential members to share the association’s agenda and action plans.

    Oladipupo outlined his strategy for advocating for the interests of real estate developers in Abuja to government agencies and regulatory bodies. 

    He emphasised the importance of addressing challenges such as professional quackery, scarcity of skilled labor, and building collapses through collaboration with stakeholders and regulatory bodies.

    Read Also: Gbadewole Kayode elected vice chair REDAN-FCT, promises to deliver

    In line with national development goals, Oladipupo pledged to contribute to sustainable and responsible real estate development practices in Abuja. He highlighted the potential of the real estate sector to create jobs and address economic challenges, stressing the need for government support to boost the sector’s growth.

    The short-term and long-term goals for the Abuja chapter, he said, include fostering unity, commissioning mass housing projects, and bridging the housing deficit significantly.

  • Gbadewole Kayode elected vice chair REDAN-FCT, promises to deliver

    Gbadewole Kayode elected vice chair REDAN-FCT, promises to deliver

    MD/CEO of Crown Allied Global Realty & Homes Ltd., Dr Gbadewole Kayode, has been appointed Vice-Chairman of the Real Estate Developers Association of Nigeria (REDAN) Abuja Chapter (REDAN-FCT, Abuja). 

    In the acceptance statement, Kayode outlined his primary goals and objectives of his tenure. He stated: “My primary goals and objectives as the newly elected Vice Chairman include, among others, membership mobilizations and registration to have an all-inclusive REDAN FCT.”

    He emphasised the importance of instilling discipline and professionalism among real estate developers in the FCT, Abuja and ensuring effective intergovernmental relations among regulatory authorities and professional bodies. 

    He stressed the need to collaborate with entities such as the Department of Development Control, FCDA, AGIS, Nigeria Society of Engineers, COREN, and Nigeria Institute of Town Planners.

    Read Also: Dr Gbade Kayode Amos: Redefining real estate business in Nigeria

     Kayode expressed commitment to working with the FCT administration to address the housing deficit in the FCT and promote affordable housing through initiatives like the mass housing department.

    He also highlighted the significance of fostering unity among divergent members of REDAN in the FCT and mobilising funds for them through institutions such as the Federal Mortgage Bank of Nigeria (FMBN), Shelter Afrique, and CBN Housing interventions.

    Kayode stressed the importance of teamwork, stating, “Teamwork is the lifeblood of every successful organization. I am ready to work effectively with the Chairman of REDAN-FCT, Abuja, and other members of the executive.”

    Under his leadership, Kayode plans to prioritise membership mobilisation advocacy and address challenges through dialogue, effective communication, and leadership skills. He expressed readiness to support the Chairman on any initiative brought forward for implementation.

    He expressed commitment to bringing success to REDAN-FCT, Abuja, through the implementation of his outlined goals and objectives.

  • Moorex Properties signs MC Papi as brand ambassador

    Moorex Properties signs MC Papi as brand ambassador

    One of the leading property companies in Abuja, Company Moorex Group, has signed a renowned entertainer, Osazee Samuel Aikhionbare better known by his stage name as “MC Papi” as its brand ambassador. 

    The signing was at the company’s corporate head office in Abuja, the nation’s capital amidst high expectations. 

    Mc Papi  expressed gratitude to the company for choosing him as its brand ambassador, saying he would deploy his contact in giving the company the needed visibility to attract goodwill and patronage. 

    The entertainer, who has been a brand ambassador for several other firms, pledged that he would justify the confidence of the company in him. 

    He has over a decade in the entertainment industry made high profile appearances and put up excellent performances. 

    As a veteran MC and comedian who has been also involved in production of some successful skits, MC Papi boasts of skills to retain the interest of guests during events, getting them relaxed and comfortable while shows last. 

    He has organised ticket sold-out events, owing to his creativity, packaging and popularity in the showbiz industry. 

    The deal signing was witnessed by MC Papi’s brand manager and others. 

    Moorex Properties in welcoming the entertainer into its filed posted on Instagram, “We welcome our new Brand Ambassador @mcpapicomedian (AKA Malam Shuaibu) to the @moorexgroup family.

    “We have known him for sometime now and believe that this collaboration will bring great impact to the Moorex properties @moorexprojects brand.

    “@mcpapicomedian is a lifestyle comedian and one of Abuja’s finest Master of Ceremony who has distinguished himself overtime as a consistent and value oriented personality.” 

    The company said it is distinctively designed to offer security, luxury and comfort estates with features to ensure that customers get the best value for their investment, to give them a dream home.

  • Judge fines property developer N2m over abuse of judicial processes

    Judge fines property developer N2m over abuse of judicial processes

    Justice Yusuf Halilu of the Federal Capital Territory (FCT) High Court in Abuja, on Wednesday imposed a fine of N2 million against Mr Cecil Osakwe, a property developer over abuse of judicial processes.

    Delivering judgment in an enforcement of fundamental rights suit filed by Osakwe, Justice Halilu held that this suit was the same as the one decided by Justice Muhammad Idris of another FCT High Court, Jabi on June 29, 2022 with suit no: CT/HC/CV/286/2022.

    Osakwe had filed a suit on enforcement of his fundamental rights against Ms Asabe Waziri, Inspector General of Police and two others.

    Others are Deputy Inspector General of Police (DIG), Force Criminal Intelligence and Investigation Department (FCIID) and Assistant Commissioner of Police, Special Enquiry Bureau (SEB).

    Read Also: Reps query NNPCL boss, Kyari over $278.185m unremitted revenue

    Justice Halilu said:”My brother, judge struck out the previous fundamental rights suit filed by Osakwe based on the reason that the suit was incompetent.”

    Halilu however, declined to assume jurisdiction over the matter, adding that it would amount to an abuse of judicial processes.

    “Abuse of court processes will arise when there is an undue act by the opponent to have advantage over the other.

    “It is when the processes of the court are not used properly,”.

    The judge, therefore, dismissed the suit.

    He therefore warned lawyers not to engage in such practices.
    Earlier, Waziri’s counsel, Mr Chimaobi Abengowe asked for a cost of N5 million against Osakwe.

    Osakwe’s counsel, A.K. Musa, told the court that his client would concede to a lower cost.

    Osakwe had sought various reliefs, including a perpetual injunction restraining the police, their officers, servants and agents from further inviting and threatening to arrest and detain him’.’,

    He further sought damages at one N100 million against Waziri and N50 million against others.

    (NAN)