• Friday, June 14, 2024
businessday logo

BusinessDay

Respite for aspiring landlords, as Pennek offers affordable housing promo

Housing

The need for affordable and qualitative housing has always been a serious concern for most Nigerians. Considering the bottlenecks in property acquisition, Pennek Nigeria Limited, a leading real estate company in Lagos, has brought respite to property buyers with its ongoing property promo offering affordable housing projects along the Lekki-Ajah axis of Lagos State.

Speaking to journalists about the property offer, Kennedy Nnadi, managing director of Pennek Nigeria Limited, said the company is offering prospective property owners a great deal in ‘The Estate’, strategically located at Lekki Scheme 2, a quick 5-8 minutes’ drive from Chevron. The 72 acres of dry table land is sold in plots of 500sqm and comes with a good title of a Governor’s Consent at N18,000,000 if paid off out right. However, with only N3 million in down payments and a flexible plan that allows you to spread the balance across six months to a year, the company has lowered the bar for luxury property ownership.

“The presence of many players in the property business has also made the pricing highly competitive. Our goal is to change the dynamics of the industry with our pricing and with offers like a free plot of land,” Nnadi said.

READ ALSO: How Lagos’ plan for monthly rent payment will affect landlords, tenants

“We live in the same environment and understand the demands on our limited resources. Pennek’s goal is to make it easy for people to live in their dream homes, or make the best real estate investments as the case may be. This offer is one of the ways we are making luxury affordable for more Nigerians. This is one of the goals the company aims to achieve,” he added.

Pennek Nigeria Limited is a real estate investment firm that specializes in the procurement and offering of choice plots of land in areas proven to yield the highest returns on investment (ROI) in the rapidly-developing Lekki and Ibeju-Lekki axis of Lagos State.

 

Jumoke Akiyode-Lawanson