Over the weekend, one of Nigeria’s leading real estate investment and development companies, Brains and Hammers, brought excitement to the housing market with the inauguration of a N5.6 billion estate in Lagos.
He noted that, despite the onslaught of Covid-19 and the very volatile economic situation in the country between 2020 and today, they have weathered the storm to deliver this project below the projected 24 months construction timeline, adding that they have commissioned units of 3-bedroom flats, 4-bedroom terrace Duplex, 4-bedroom Semi-Detached Duplex, and 5 bedroom Detached Duplex.
In his opening remarks, Adebola Sheidu, the Chairman of Brains and Hammers, noted that the firm was on a mission to reshape the residential and commercial real estate landscape in Nigeria.
He said the company had proven this with 10,000 completed projects in Abuja, Kano, Lagos, and Oyo States, stressing that the Kano Economic City and the Oyo State Agri-business industrial hub projects were two projects that speak to the importance of Public-Private Partnerships for the company.
“I am proud of our work on this project, and my sincere thanks goes to our partners, Shell, and ExxonMobil cooperatives. They not only trusted in our ability but showed a great sense of belief in our resolve to complete this project in record time despite the pandemic and economic challenges of the last two years,” he said.
The President, Shell Cooperative, Martins Amos, expressed his delight with the project and commended Brains and Hammers for the professionalism displayed while delivering this project.
“Despite the economic challenges, Covid-19, and the hitches that came with the End-SARS protest, I am delighted to stand here today to celebrate the commissioning of this project. Collectively, we achieved this feat on the back of a partnership built on trust and we are proud to have been a part of it,” he said.
CoopEast Resort Estate by Brains and Hammers provides residents with a serene beach view, private garden areas, a dedicated transformer to aid the 24-hours electricity supply, a fully independent water supply and treatment facility and a 24-hour helpdesk and residents-only-clubhouse amongst other facilities.
The Federal Housing Authority (FHA) has demolished over 600 houses in the G estate in Lagos, Nigeria. The demolitions began a few days ago and are still ongoing.
Lagos, Nigeria - The University of Lagos (UNILAG) Housing Unit has converted a duplex into two two-bedroom flats in a bid to ameliorate the accommodation challenges of members of staff.