The existence of many companies and factories including International Breweries Plc, Nestle Plc, Olam International, Eterna Plc, Jubaili Bros Engineering Limited, Witchtech Industries Limited, etc in the Sagamu axis of Ogun State have created opportunities for investors in both residential and commercial real estate developments.
Besides the natives, the staff of these companies also need decent accommodation and leisure facilities that will save them the cost and trouble of travelling to Abeokuta, the state capital, or Lagos to meet their needs.
These and more explain the reason for the coming of Chattel Estate with its Century Palms—an ambitious mixed use development designed to offer live, work and play opportunities.
“We are here to solve identified accommodation problem of both the natives and those who work in the companies in this axis. With Century Palms, we are creating a serene environment that offers residential and commercial opportunities,” explained Ifeanyi Okafor, CEO, Chattel Estate, at a groundbreaking event to signal commencement of construction work on the estate.
Okafor added that the estate which sits on 100 acres of land in Afiyeke Village, a few metres away from the Lagos-Abeokuta Expressway, offers a great opportunity to investors, workers and residents because of its good location, pocket-friendly pricing and serenity.
For investor who nursed fear of losing their investment to land grabbers, the chief executive assured that their firm has history of integrity and problem solving, adding that they were poised to ensure good returns on investment for prospective off-takers and investors.
“Off takers and investors have nothing to worry about as we exist to tackle the problem of trust and provide succour for those who had lost their investment in the real estate sector before; we protect investors money by building confidence and delivering on time and budget,” he revealed.
Even before the groundbreaking, the company had started providing infrastructure, believing that infrastructure was key. According to the CEO, gate house and perimeter fencing were now a priority and would be completed before the end of this year while the first set of landlords were expected next year.
“We are keen to protect our investors’ money because we thrive on trust going by our past products in Claire Avenue, Maple Greens and Chattel Estate in Ikorodu; we are motivated to grow as a solution provider with Century Palms for the accommodation need of this environment”, he said.
Continuing, Okafor disclosed, “we want to create a modern development to suit construction activities and factories springing up in this environment; so, it is not just an estate but a mixed use development addresses different needs of prospective residents.”
In line with the slowdown in the economy which has crimped consumer purchasing power, the CEO said the firm was operating off-plan structured sales in order to cater to different classes of people in society. This is why, he explained, the payment structure was done with everybody in mind.
“We are still pushing for more awareness; there are opportunities for good investment; our prices are affordable for the two different plot sizes, measuring 400 square metres and 600 square metres. We have promotional sales running during which prices are discounted,” he said.
Funmi Adesanya, the company’s Head of Business Development, informed that prospective buyers could, during the promo, enjoy price discount of 20 percent per plot at N650,000 for the 400-square meter plot and N800,000 per plot of 600 square meters.
She added that clients would also get amazing offers including a generating set for outright payment, washing machine, micro waves, kettle and blender for those paying at N200,000, N100, 000 and N50,000 respectively.
Also, the Baale of Afiyeke Village, Albert Matiku, commended the firm for the development, assuring investors of adequate security and protection of their investment.
Sulaiman Rilwan, the architect who designed the estate, explained that Century Palms, was a start and hopeful beginning of all things beautiful and a milestone in the nation’s real estate industry.