A new home ownership opportunity has just opened for mid-low income earners as a new project that will deliver quality and affordable housing to the Lagos property market has been launched, which its promoters say is a game changer.
Known as Beechwood Park Estate, the project, being developed by Mixta Real Estate plc (Mixta Nigeria), sits on 17 hectares of land and is the company’s latest venture into the affordable housing market.
It is coming on the heels of the completion of the first phase of Emotan Gardens in Benin City —a joint venture housing project by the company and Edo State government—where homes were offered at N5.2 million, an equivalent of $14,000.
Beechwood Park Estate, officials of the company explained to Businessday, was conceived in response to the increasing demand for quality and affordable housing in Lagos.
According to the officials, the development is also part of their prospective Family Homes Fund (FHF) partnership which would ensure the development of over 5,000 affordable housing units on Mixta’s land bank in Lagos.
Beechwood Park Estate is in close proximity to the already developed Beechwood Central and Adiva Plainfields Estates. It is only 5-minute drive from Lakowe Lakes Golf and Country Estate located off Km 35, along the Lekki Epe Expressway.
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Upon completion, the development will offer extensive infrastructure including paved access road, water supply, storm waste management as well as open air spaces and community leisure facilities.
On offer currently are serviced plots as well as 2- and 3-bedroom bungalows. The first sets of units are currently under construction and will be completed in December 2019.
“There is a significant deficit in quality and affordable housing options in Lagos; there are currently very few developers offering a 2-bedroom house for sale with similar infrastructure for N13.5 million. For us, this is a game changer,” says Deji Alli, CEO, Mixta Africa.
Mixta Africa is a leading and active player in the fastgrowing African Real Estate sector specialising in property development projects. The Company was established with the objective of responding to the existing housing deficit in the African continent and has long-term vision of becoming the foremost real estate developer in Africa.
With offices in Nigeria, Morocco, Senegal, Tunisia, Côte d’ivoire, and Mauritania, as well as projects in Algeria and Egypt, Mixta Africa has a mission to create value for its clients by delivering innovative solutions.
The company has a 20-year track record of successful real estate and infrastructure development and a strong management team with over 280 years of combined experience. As of July 2019, Mixta held around 15 million square metres of land bank across all territories and has successfully completed more than 11,000 units.
