A new residential and investment opportunity has opened for investors and home seekers as Global Property Partners (GPP), a leading real estate investment and development firm, begins construction work on its 14-floor mixed use development called The Pacific Lagos.
Emmanuel Odemayowa, the managing director of Cavalli Business and Investment Group, GPP’s parent company, told public and private sector operators who gathered for the groundbreaking event for the project recently that The Pacific was a product of many years of research, brainstorming and planning.
GPP, he said, was out to build “a vertical mixed high-rise structure” that would meet the diverse lifestyle needs of its residents in terms of convenience, access to the commercial nerve centres of Lagos and premium facilities.
Located strategically on Ozumba Mbadiwe Street in Victoria Island, Lagos, The Pacific is modelled after mixed use property developments in some of the world’s leading economies and is designed to provide a live, work, and play environment that is comparable with the best internationally.
Odemayowa also told the gathering which comprised, Abike Dabiri-Erewa, chairman/CEO of the Nigerians in Diaspora Commission, represented by Yemisi Ibrahim, as well as other dignitaries, that the new high-rise project was in line with the Cavalli Group’s vision of helping to reduce Nigeria’s housing deficit.
“We believe we can do this through the development of real estate modelled after international standard,” he said, adding that the Group had completed various real estate projects across Lagos.
Gbenga Onabanjo, chairman of Cavalli Group, disclosed that The Pacific comprised commercial and residential 1- and 2-bedroom apartments as well as penthouse suites and recreational spaces.
He explained that the building was designed to offer breath-taking views of the Lagos Lagoon and the Atlantic Ocean from its upper floors, adding that it was also equipped with a suspended mosaic-tiled swimming pool, round-the-clock security and facility management, as well as a recreational floor with gym, spa/massage facilities, game room, shopping mart as well as restaurant and bar.
The projected completion period for The Pacific is 36 months (2022) and a director at the Cavalli Group, Tunde Adaramaja, assured investors that the GPP had financial arrangements to ensure it met this target date.
Asides the foundation laying, GPP also opened the Showroom for The Pacific where potential investors could access relevant information and ask necessary questions on the development.
The Pacific Mutual Investment Plan, a product introduced by GPP to offer flexible investment options for the project, starting from as low as N10 million, was also launched at the ground-breaking event.