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Nigeria’s real estate sector set to witness boost as investment options for part-ownership unveiled

By Naomi Uzor

THE quest for diversification of the Nigerian economy and attraction of foreign investment is set to witness a boost, as promoters of The Oceanna, a real estate investment firm has unveiled investment options for part-ownership similar to what earned the Dubai real estate sector global appeal.

Model of Oceanna

Adeyinka Adesope, the Group Managing Director, Palton Morgan Holdings, revealed that the hotel segment of the iconic project is open to part-ownership with flexible payment options, secure and high returns on investments.

“We are opening up the real estate sector to investors both in Nigeria and the Diaspora. Having embarked on a project that has clearly redefined the real estate sector in Nigeria by setting the standard for luxury and working with globally acclaimed professionals and consultants, we now inviting investors to participate”, Adesope said.

Information available on their website indicates that Grenadines Homes, a member of Palton Morgan Holdings, is trying to match the Nigerian real estate sector with Dubai where luxury, safety of investments, flexible financing and high returns, among other things have combined to increase global appeal to that market.

According to Kikelomo Williams, Head, Marketing Services, Palton Morgan Holdings, the company desires to open up a plethora of opportunities and experiences to discerning investors with the project. “The Oceanna Hotel is more than just a location. It is carefully set out as a plethora of opportunities and experiences, but the first step is to be an investor. It guarantees a lifetime stream of income,” she said.

She is confident that the global appeal of the iconic development is not just in beauty, stressing, “the quality team of experts and professionals working on it will excite anybody familiar with top notch real estate across the world.

“It is designed by HOK Architects, famous for their work on Dubai Marina, the Emirates Stadium (home of the Arsenal FC, London), and The Flames of Azerbaijan, The Oceanna is branded by Brash Brands, the creative agency that breathed life into the world’s tallest building, Burj Khalifa, Dubai and is being crafted by Cappa & D’Alberto,” she further revealed.

The first phase of the project, covering 20,000 square metres of land took-off with design in the third quarter of 2015. It will be made up of four towers of mixed use development, aiming to serve residential, commercial and recreational purposes for prospective buyers and investors.

Concept of home ownership

Conceived and designed as a place to dignify everyone associated with it, The Oceanna project is located on the Water Corporation Drive, off Ligali Ayorinde Street, Victoria Island. Though it would be sitting on approximately 3.4 hectares of land, the built-up area is about 40 percent, leaving ample surrounding for greenery and circulation, to suit the lifestyles of the accomplished and attract the discerning.

This reinforces the company’s optimism that when completed, the estate would deliver an alluring convergence of a residential and commercial complex with world-class hospitality, educational and recreational facilities.

Grenadines Homes is a real estate development company dedicated to reinventing the concept of home ownership in Nigeria. The company aims to create estates at the forefront of cutting-edge architecture, thereby building homes that represent luxury and high class which suit varying tastes and preferences. The company is currently developing several residential projects in Lagos and Abuja.


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