Despite the disquiet in the property market arising chiefly from the crippling impact of Coronavirus pandemic, savvy investors with long term view of the market are still doing developments, putting products on the market and increasing buying opportunities for home seekers.
The latest in this class of investors is Cavalli Business & Investment Group, a leading luxury real estate developer in Nigeria which, just last week, unveiled its new project called ‘The Vantage Bourdillon’, a 10-storey luxury residential facility situated on the highbrow Bourdillon Road, Ikoyi, Lagos.
Modelled after some of the best luxury residential apartments globally, Vantage Bourdillon will rise in 10 suspended floors comprising a recreational floor and 9 apartment floors that will be built to accommodate 18 private residences.
According to its promoters, the new development will have a penthouse maisonette on the top-most floor that will offer stunning views of Bourdillon Road and the Ikoyi environs. It is part of the Cavalli Group’s quest to make world class residential accommodation available in Nigeria, they said.
“This is a project of our subsidiary—Deluxe Residences; it boasts a recreational floor with a well-equipped games room and gymnasium, a swimming pool, a spa and wellness centre,” explained Emmanuel Odemayowa, the managing director/CEO of Cavalli Group.
“The Vantage Bourdillon is a project at the core of our heart and that is why we have given it the name, Vantage”, Odemayowa explained further, assuring that “anyone that buys into this project will know he will be occupying a vantage position on Bourdillon.”
He revealed that the new development was among the ways the Cavalli Group was contributing towards lowering the country’s mounting housing deficit and called for partnerships between private sector real estate developers and government towards increasing home ownership level in Nigeria.
Besides The Vantage Bourdillon, Deluxe Residences has several other luxury real estate completed & ongoing developments in the upmarket segment of Lagos real estate. Among the completed projects are The Vogue, The Grand Orchard, Pacific Heights, The Orchard all in Oniru, Victoria Island.
Others are the Avant Apartments in Ikoyi as well as on going high-rise residential apartments of various bedroom types called The Empire Series along Water Corporation Road, off Ligali Aroyinde in VI.
Cavalli Group’s Global Property Partners, which focuses on mixed use projects, is also behind The Pacific Lagos, an iconic mixed used development strategically located on Ozumba Mbadiwe Street, Victoria Island, Lagos