By Kingsley Adegboye

Oak Homes, a Lagos based renowned luxury real estate development company, has boosted affordable luxury home ownership with the commissioning of “The Oak Residence” in

Victoria Island, Lagos amidst Nigeria’s currenteconomic challenges.

The commissioning event at the weekend, graced by media oerganisations, industry leaders, and key stakeholders, highlighted Oak Homes’ dedication to delivering exceptional real estate developments that seamlessly blend innovation, elegance, and functionality.

The Oak Residence described by its promoters as redefining urban living in Victoria Island, is

located on Musa Yar’Adua Street. the heart of Victoria Island,
The Oak Residence is a seven storey comprising 14 luxury apartments and penthouse villas. Each unit is designed with high ceilings that create an airy, expansive feel, while offering breathtaking views of the city from every floor. Each unit features living spaces with high ceilings, creating an airy and expansive feel complemented by premium amenities.
Penthouse residents enjoy the added exclusivity of a private rooftop lounge and Jacuzzi, offering them a lifestyle of unparalleled luxury. Beyond its architectural brilliance,
The Oak Residence stands as not only a symbol of excellence in urban living but also a testament to
smart investment consistently delivering remarkable returns on investment to its buyers, according to the promoters.
Speaking at the event, Oak Homes’ CEO, Mr Olukayode Olusanya, highlighted the
company’s resilience and determination in delivering the transformative project, pointing out that
“The commissioning of the landmark development reflects Oak Homes’ steadfast dedication to excellence and innovation in luxury real estate. In a period marked by global economic turbulence and domestic challenges, we have demonstrated that vision, strategy, and a commitment to quality
can overcome even the most formidable obstacles.
This project is more than just a building, it represents a turning point in how urban living is
envisioned and experienced in Nigeria. It is a testament to the perseverance of our team, the loyalty of our clients, and our unwavering belief in Nigeria’s potential as a global leader in luxury real estate.
“By navigating economic headwinds and leveraging innovative solutions, we have not only delivered homes of immense value but also set new standards that will inspire the next
generation of developments.”
Mr Olusanya further emphasized that this milestone symbolises Oak Homes’ ability to adapt,
grow, and lead in a rapidly evolving industry, stressing that the completion of this development signals a bright future for the company and serves as a beacon of what can be achieved through resilience and purposeful innovation.
Testifying to the trust of investors in Oak Homes’ projects and their quality, Mr Abiodun Azeez, a finance expert, who said had patronised the real estate firm in one of their previous projects, noted that first and foremost they deliver on time according to terms of agreement with them, and in terms of quality, their quality is superb I must say. I stay in their property in one of their residential estates. So far, I have not had issues with my apartment.
On transparency with investors, Azeez said he is the right person to speak on it because he is one of the earliest investors in Oak Homes. According to him, the integrity of the firm is intact, and so far, he has not heard of fraud case against the company.
Also remarking on Oak Homes’ Projects, Mr Nixon Iwedi, Executive Director at Globus Bank, said Globus Bank is banker to the company, pointing out that his bank is pleased and happy to do business with Oak Homes because the company is reliable and has not defaulted in loans repayments.
Iwedi added that his bank is ever ready grant the firm loans whenever such requests come.