By Kingsley Adegboye
Cornerstone Real Estate Limited has taken its operations beyond the shores of Nigeria. The Lagos-based real estate development company said it is now in a position to buy, sell, lease or manage properties for Nigerians seeking such services in any part of the United States of America. The Chairman of the company, Mr. Lanre Okupe disclosed this last week at the investors tour of Cornerstone’s Oregun Housing Scheme located in Ikeja.
Okupe disclosed that a US-based investment company, Messrs Aesbus Knowledge Solutions, which has interests in manufacturing, telecommunications and real estate, is now readily disposed to partner with Cornerstone Real Estate Limited. The representatives of Aesbus Knowledge Solutions, Mr. Earl Castor who is the CEO and a director of the firm, Dr. Solomon Olatoye who visited the Oregun scheme, said they were impressed with the quality of finishing works.
They described the estate as one of the best workmanship that they saw during their short visit to Nigeria, hence their commitment to partner with Cornerstone Real Estate Limited. The Cornerstone boss stated that his firm’s “success thus far has been largely due to the efficient and prudent management of materials and manpower by the professionals in the organisation and the provision of quality products at competitive prices”.
The Cornerstone Oregun Phase II Housing Project, which is nearing completion, sits on five acres of land at the Ikeja end of Kudirat Abiola Way, Oregun. The Phase 11 which consists of 14 units of various duplex types comprises two units of three-bedroom detached Houses with one room boys’ quarters; six units of four-bedroom semi-detached Houses with one room boys’ quarters and six units of three-bedroom Terrace Houses.
Each duplex sits on an approximate land area of 350m2-400m2. The four bedrooms are all en-suite while the ground floor space area includes the entrance lobby, foyer, main living room, dinning, kitchen, visitors’ toilet and guest room. The first floor space area, includes the family lounge with balcony, two bedrooms and the master’s bedroom, all en-suite, spacious living and dining areas with exquisite wood work, well-finished wardrobes and kitchen cabinet as well as P.O.P ceiling. It also comprises stainless steel aluminum railings, among others.
The Terrace will also be finished with P.O.P ceiling, stainless steel aluminum railings, well-finished wardrobes and kitchen cabinet among others. The Cornerstone boss disclosed that installment payment is allowed, with 30 per cent down payment while the balance is spread over a year. The duplexes go for N85m per unit while the Terrace are sold for N75m.
In its over 27 years of operations as housing estate developer, the company has delivered over 10 residential housing estates across Lagos metropolis and won several awards for delivering qualitative housing projects.