• Sunday, April 21, 2024
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How Covid-19, rising costs forced delays in LandWey Projects

Developer deploys 3R model for waste management at Royal Palms Villa  ANIEFIOK UDONQUAK, Uyo  Jofame Integrated, the developer of Royal Palms Villa, a private estate being developed in Akwa Ibom State, says it is set to deploy best practices in its waste management systems at the estate. The estate is designed to be sustainable and compliant to human waste management using the  Resource Recovery and Rescue (3R) model.  Gideon MfonAbasi,  Jofame Integrated’s CEO, explained recently at the unveiling of the estate promises to be one its kind, adding that it is designed to manage its sewage and organic waste without heavy electro-mechanical components.  “The  anaerobic central  sewage treatment plant will treat, digest and convert biomass, sludge and biodegradable materials into biogas and nitrogen-rich liquid fertilizers,” the chief executive said.  The  eco-friendly and  green technology housing system, according to him, will reduce carbon foots in the state in response to SDG Goal 6 which  ensures sustainable management of water and sanitation.  The Villa which is strategically located on a 3.67-hectare prime land, is just minutes away from Ibom Icon Hotel and Golf Resort,  Nwaniba, Uyo. It will be equipped with fiber-to-home connectivity, and state-of-the-art energy-efficient lighting materials.  The company says it is out to democratize real estate by making the estate available to more people. “Royal Palm Villa provides a unique blend of safe and secure community living that welcomes its residents to feel at home.  “The beautifully landscaped garden behind the living areas will provide a unique, healthy and natural environment for recreation and also for the use of children to play with their friends,” the CEO said.  Continuing, he said, “the estate offers studio flats, 1 & 2-bedroom terrace apartments; 3, 4 & 5-bedroom detached apartments, club house, gate house/ utilities, and recreational areas. It  also boasts spacious living areas, kitchen /store, and office.”  MfonAbasi explained  that construction was already underway for a range of apartments, including studio apartments and five-bedroom detached units, adding that power lines were being installed with plans for over 150 apartments.  “This is the first  of its kind in Akwa Ibom State;  we are building a green compliant residential estate and we intend to work with International Finance Corporation (IFC) to own a green compliant certification.  We are working on a residential project that is going to be tech-driven, energy efficient and fully serviced and gated,” he said.  He recalled that in the last few years, they have looked at the state and seen that the real estate business is non-existent or primarily for the billionaires to benefit from, adding, “in reality, real estate is meant to be something for everyone and what our company is planning to do is to democratize real estate and make it available to more people.”  “Our company is committed to open up more space and challenge the statue-quo and be able to bring wealth to a greater number of Akwa Ibom people.  “We also believe that creativity and innovation is birthed in a serene environment and our commitment is to bring that kind of environment to Akwa Ibom State, where services work, where you are not bothered on how to get power.  “We have been doing it in the last ten years, we have two developments in Lagos State, one of it is a 3.3 hectare development and the other one that is ongoing is a 30-hectare development and right on Lekki-Epe Express Way.  “We felt that it was time to do it in Akwa Ibom State and we got a location that is exciting, a location that connects with our brand value, that is, live, work and play. Of course, you know that the Golf Course is a rallying point in Akwa Ibom State,” he said.  On other key features  of the estate, MfonAbasi listed drainage, security, paved roads, CCTV, play areas, greenery, streetlights. He also listed recreational amenities to include a lawn tennis court, a 5-a-side football court, and various sporting facilities, scheduled for  completion  before the second quarter of 2024.

LandWey Investment Limited, a Nigerian residential developer has announced delays in the delivery of its residential projects in Lagos citing challenges from the country’s tough business environment.

The company has encountered unforeseen hurdles that have caused delays in the completion of some of its ambitious residential projects due to challenges posed by the country’s fluctuating economic factors, according to a statement.

“It had initially set an optimistic timeline for the completion of the projects, but various economic factors, including the impact of the COVID-19 pandemic amongst others, have hindered their progress,” it said.

It said while economic fluctuations are beyond the control of any organisation, the company’s resilience and commitment to customer satisfaction shine through in their proactive measures and constant engagement.

“Our efforts to address the delays head-on and provide alternative options demonstrate our unwavering dedication to our clients.”

According to the company, the first phase of the project has already been successfully delivered, showcasing its ability to fulfil its promises.

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“Currently, the second and third phases are in progress, and we remain determined to complete them in a timely manner. We understand the concerns of our clients and deeply regret any inconvenience caused by the delays,” it said.

The company added that they are doing everything in their power to mitigate the impact of the economic fluctuations and expedite the completion of the remaining phases.

“Our approach to open and transparent communication has helped foster trust and understanding between the company and its clients. Regular updates have been provided, keeping stakeholders well informed of the progress made and the challenges faced along the way,” it said.

“We will continue to forge ahead with our residential projects, we remain optimistic about overcoming the current challenges, as the Nigerian economy stabilizes and external factors become more favorable,” it added.

Despite the setbacks, the company said it has demonstrated commendable transparency and has been in constant communication with its valued clients throughout the process.

“With an unwavering commitment to client satisfaction, LandWey has proactively offered different options for those who are unable to wait for the revised delivery timelines. By providing alternative solutions, the company has shown its dedication to meeting the needs and expectations of its clients,” it said.