In January 2014, we had a press conference to kick off our Affordable Housing product, EssentialHomes. Phase 1 has been delivered with a few occupants who already moved in. The aim of this press briefing is to showcase our projects over the last 12 months, our efforts towards provision of housing for all, the plan for expansion and the Gran Imperio Group’s imagery of 2015 in the Nigerian Real Estate space.
Judging from its success story of delivering different residential estates in Lagos in the recent times, we have projected to deliver a minimum of 100 upscale but pocket-friendly housing units on a yearly basis.
Our completed projects will include Jacob Mews, Northpointe I, II III and Southpointe Phase I, consisting of 299 housing units, with recreational facilities and facilities management.
In different construction stages are Lakeview Park I & II, Midland Court, Southpointe II, and Golden Leaf Estate.
The infrastructure development of the Lake View Park 1, which is site and service scheme and strategically located along Lekki-Epe Expressway adjacent Victoria Garden City (VGC) with 194 residential plots and over 30,000sqms commercial plots, has been completed. Phase two, a gated residential community along Lafiaji Road, Lekki, designed with a natural lake, has 160 residential plots of different sizes and an area earmarked for commercial activities. At moment, 20 buildings in this phase are being constructed.
Almost completed are 24 units of terraced town houses in Midland Court, located on Northern Foreshore road off Chevron Drive, Lekki Peninsula, Lagos, a premium gated residential community offering spectacular ambience, detailed finishing, security and recreational facilities in an appealing environment.
Delivery date for Southpointe and Lakeview Park II is April 30, 2015.
To ascertain its claim on the projects, the developer last week led journalists to all the project sites. The tour, which began at Northpointe along Chevron Drive, terminated at Southpointe I, where a press briefing was held.
According to Ogunwusi, it is one thing for a project to be completed, and another to be successful, adding that, all his completed residential projects could be termed successful, considering the level of occupancy and the volume of demand from subscribers.
For instance, “At the moment, Jacob Mews, has about 100% occupancy. Northpointe 1 delivered in June 2013 is fully occupied, while phase two, delivered few weeks ago has 30 percent occupancy rate. Southpointe I, which has been totally sold out presently has about 22 families living on the estate,” adding “all the estates are functional, having all accompanying facilities for recreation, relaxation, good infrastructure, treated water, sewage, swimming pool, bar, gym, greenery among others.”
On the uniqueness of some of the projects, Lakeview Parks I and II has a private recreational centre with panoramic waterfront views, that would be known as ‘The Lake House’ suspended over a two and half acre natural lake. The estate upon completion will have 32 units of three, 30 units of four bedroom bungalows and 17 units of town houses, targeted for delivery April 2015.
Ogunwusi, who said the estate was majorly sold to staffers of oil companies like Chevron, Exon Mobil, Total, was conceived and being developed in line with Lagos State Government’s physical development policy to keep ensure commercial areas are set along the road.
He said his company took the decision to commence Lakeview Park II to meet the surging demand from its subscribers. “But opening up the area was first a challenge and we took the initiative to take the lead by constructing a 6.5 kilometre road, which we took as part of our corporate social responsibility, now making the likes of Golden Leaf Estate, Southpointe I & II much more viable”. Ogunwusi said the price band for all its affordable housing scheme is within N7.95million and N18.95million.
Both Mrs. Ronke Akinleye, Group Head, Commercial Mortgage, Imperial Homes Plc and Company Secretary, Trustbond Mortgage Bank Plc, Mr. Mark Okoye who were at the Southpointe Estate, at the time of the visit said they have been impressed with the strides of Gran Imperio and therefore continue to support its dreams of increasing the nation’s housing stocks and decreasing homelessness of Nigerians.