The Nation Newspaper

Tag: Mixta Nigeria

  • Emotan Gardens: Subscription grows on back of Benin-Abraka Road reconstruction

    As holiday-makers settle in for the Yuletide celebrations in Edo State, there has been sustained interest in Emotan Gardens, the estate project being developed by the Edo State Government through the Edo Development and Property Agency (EDPA) and Mixta Nigeria, a renowned real estate firm.

    Checks at the estate show that there has been increased interest in the estate by Edo people holidaying in the state, with some taking guided tours of the project site.

    The growing interest in the estate is linked to increased security occasioned by the state’s new security architecture, Operation Wabaizigan, and the award of contract for the reconstruction of the Benin-Abraka Road, among others.

    A cross-section of interested subscribers, who spoke to journalists in Benin City, said that the state government’s commitment to the project has been unprecedented, noting that the rate at which the development of the estate is advancing is quite exciting.

    Read Also: Sales intensify for EDPA’s Emotan Gardens

    Mr. Igbinoba Orobosa, who is based in Germany, said that the state government’s commitment to the estate got him interested in the project, which he said is advancing at an appreciable pace.

    “I got to hear about the project from some of my friends. Though I had sent some people to check it, then I came around and decided to check it out myself. I must confess, I am really impressed. This is what good governance is all about. I am definitely getting a unit,” he said.

    Kaduna-based Mr. Friday Okosun, said he expects that the state’s new security architecture will address insecurity in different parts of the state, clearing the way for people to invest in the state, especially in the housing sector.

    According to him, “I am quite impressed after a tour of the site. This is the first time I am witnessing this in the state. The enthusiasm of the state government on the project is contagious.”

    Mrs. Florence Osahon, on her part, said that the estate project has provided a viable option to own a home without necessarily breaking the bank, adding that the prospect that the state is going to have an artificial lake, shopping malls and a lot more, is interesting.

    She said that the state government’s commitment to the project informed her decision to buy a unit, as the different initiatives promised at the inception of the project are already taking shape.

  • Emotan Gardens: Firm hails award of Benin-Abraka road reconstruction

    Mixta Nigeria, the joint venture partner of the Edo Development and Property Agency (EDPA) on the development of Emotan Gardens, an over 70-hectare affordable housing estate in Benin City, has hailed Governor Godwin Obaseki for the award of contract for the reconstruction of Benin-Abraka Road, noting that the gesture would further boost the profile of the estate.

    The real estate company, also saluted the state government’s investment in the ambitious security architecture/ trust fund, which it said, would strengthen the existing security arrangement in the state and boost investor confidence.

    Head, Business Development and Sales, Mixta Nigeria, Mr. Korede Lawrence, in a chat with journalists, said that the award of the contract is a promise kept, which goes to show that the state government keeps its words.

    According to him, “We at Mixta Nigeria are particularly pleased about this. It follows through on the government’s promise to the people and also to Mixta Nigeria as well as other well-meaning developers. It shows that when this government says that they will do something, they surely will.”

    He added: “Since we started, we have had a few people who have said that some politicians say things and don’t do what they say. This is to assure Edo people particularly those who have indicated interest in our estate, that the Obaseki-led government has put its money where its mouth is. More value has been added to the estate with this new development. It is a testament to the things we have been advertising.

    “We have gotten people who have paid and are ready to move into the estate when it comes alive. The potential subscribers are assured that there are now several routes to the estate and they are going to get more value for their investment.”

    Korede urged Edo people at home and abroad as well as residents in the state, to take advantage of the estate’s offerings and live the Mixta Nigeria experience.

    Emotan Gardens is a 1800-unit affordable housing estate being developed at the Upper Sokponba axis of Benin City, the Edo State capital.

  • Emotan Gardens: EDPA, Mixta Nigeria assure steady power supply options

    As the Edo Development and Property Agency (EDPA) and its partner, Mixta Nigeria advance on the delivery of the over 70-hectare Emotan Gardens project, the Executive Chairman, EDPA, Isoken Omo, has disclosed several options available for the provision of steady power supply in the estate.

    Isoken disclosed this in Benin City while addressing journalists on the level of progress recorded with the housing project, noting that the pace of work on the site has been impressive.

    She said, “we have about 68 housing units completed, and we are still counting. Our intention is to give out these units by the end of this year. What we are also doing is to make sure that the place is ready for the people moving in by December. The people will be able to live in them as soon as they get there. That is the unique thing about this estate.”

     She explained that EDPA and Mixta Nigeria are considering different options for power, as the promise is that the estate will run on 24-hour electricity, adding “The 24-hour power supply is a combination of options. So, we are looking at solar; we are looking at the national grid but with a different approach.”

    Read Also: Obaseki, Mixta Nigeria mull 50-hectare Golfing Estate in Edo

    She noted, “We have Ossiomo Power in Edo; We also have Azura Power Plant. We have been talking to them to see what our best option is. Power will be provided. There will be power, potable water and good roads. We intend to put internet and intercom as well. What we are offering is a lifestyle. All these will be provided. The plan is to regenerate the area.

    Emotan Gardens, is a flagship estate project being developed by the Edo State Government through the EDPA, with Mixta Nigeria, as joint-venture partners.

  • Alaghodaro: Obaseki, Mixta Nigeria woo Diaspora community

    The Edo State Governor, Mr. Godwin Obaseki, has called on the Edo Diaspora community to invest in their state by taking advantage of the opportunity for affordable housing provided by the Emotan Gardens estate, being developed by his administration, in partnership with Mixta Nigeria.

    In a statement, the governor expressed delight at the pace of work on the project in the build-up to Alaghodaro 2018, which marks his second anniversary, assuring Edo indigenes in the Diaspora that the new estate meets different housing needs, ranging from affordable to premium house types.

    Emotan Gardens is a 70-hectare housing estate at the Sokponba axis of Benin City, being developed by the Edo Development and Property Agency (EDPA) and its partners Mixta Nigeria, the Nigerian arm of Mixta Africa, a leading real estate development company.

    He said the state government is living up to its promise of delivering affordable housing in the state with the Emotan Gardens estate, with the first set of subscribers scheduled to move into their housing units before the end of the year.

    According to him, “As we prepare for the 2018 Alaghodaro Summit, we are pleased that work on Emotan Gardens is yielding impressive results. The buildings are up and you can check them out yourself.

    “Much as the houses are for our people here, we are confident that they meet the housing needs of those in the diaspora. It is a testament to the various reforms we have undertaken in the housing sector, such as the repositioning of the EDPA, outlawing Community Development Associations (CDAs), the establishment of the Edo Geographic Information Service (EdoGIS) agency, among others. As a result, those who buy property in the estate are assured of a Certificate of Occupancy.”

    Head, Business Development & Sales, Mixta Nigeria, Mr. Korede Lawrence, said that the company is working with the state government on the project because of the government’s commitment to the people and the state’s friendly business environment.

    He implored the Edo Diaspora community to latch onto the opportunity to invest in real estate in the state with the project, as provisions in the estate make for decent, fulfilled living.

    He said there are different housing types, including 2- and 3-bedroom apartments, detached houses and serviced plots, adding, “In the case of Emotan Gardens, we will have a one-hectare lake, which is man-made. It would allow the residents to relax. Road network is huge for us; electricity is particularly huge for us. In our estates, our pedigree is that we offer 24/7 electricity.”

  • Mixta Nigeria to list N4.5b bond on NSE

    Mixta Real Estate Plc has obtained regulatory approval to list its N4.5 billion 17 per cent Guaranteed Fixed Rate Bond on the Nigerian Stock Exchange (NSE). The bond listing will pave for investors to trade on the bond.

    The N4.5 billion bond was issued by Mixta under its N30 billion medium term note programme to refinance existing debts and finance an affordable housing project. The fixed-rate bond with a par value of N100 was issued at a rate of N1,000 per unit. It has a five-year tenor and will be due in 2022.

    The coupon rate of 17 per  cent will be paid semi-annually and will be payable in arrears on January 17 and July 17 of each year.

    GuarantCo Limited, a multilateral development finance company, is the guarantor for the bond issue. GuarantCo was founded by the  development agencies  and  governments  of  the  United  Kingdom,  The  Netherlands,  Sweden  and Switzerland, as well as the Private Infrastructure Development Group (PIDG).

    Mixta used 80 per cent of the N4.36 billion net proceeds of the bond issue to refinance loans taken from FBN Merchant Bank and Access Bank. The real estate company will be investing N855 million or 20 per cent of the net proceeds in the construction of its Affordable Housing Project, otherwise known as Residence  de  la  Paix  (RDP), which is billed for delivery in 2018.

    The RDP Nigeria was modelled  after  the  successfully executed  RDP  development  by  Mixta  Senegal,  and  it is the  first affordable housing development in Mixta Nigeria’s portfolio. On completion, RDP will consist of more than 2,500 units of one, two and three-bedroom flats delivered as ready-to-move-in. The homes will be developed in four multi-phases and released in line with market demand.

    Mixta commenced operations in February 2006 as a real estate investment fund management company promoted by Asset & Resource Management Company (ARM) Limited. In 2007, the fund was converted to a property company, ARM Properties Plc, as a result of operational and tax limitations encountered due to current legislation governing real estate investment funds in Nigeria.

    In 2015, ARM acquired Mixta Africa, an Africa-focused large scale property development company headquartered in Spain with subsidiary operations in several countries across North and sub-Saharan Africa. The combination of ARM Properties and Mixta Africa gave birth to Mixta Real Estate Plc.