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Nigeria’s real estate set for global investment standard

By Naomi Uzor
THE quest for diversification of the Nigerian economy and attraction of foreign investment is set for a boost with promoters of ‘The Oceanna’ unveiling investment options for part-ownership.

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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/consultants, we now invite investors to participate,” he 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. 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  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.


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