Cornerstone in strategic partnership for expanded, off-shore operations
Cornerstone Real Estate Limited, Nigeria’s pioneer housing estate developer, says it has expanded its operations beyond the shores of Nigeria and, by this act, the company has positioned itself to buy, sell, lease or manage properties for Nigerians seeking such facilities in any part of the United States (US).
The company is also partnering Aesbus Knowledge Solutions, a US-based investment company with interests in manufacturing, telecommunications and real estate-related businesses.
Lanre Okupe, Cornerstone’s Chairman, who gave these hints during Aesbus officials tour of the company’s Oregun Housing Scheme in Ikeja recently, stressed that Aesbus was favourably disposed to partner with his company.
Earl Castor, Aesbus’ CEO, and Solomon Olatoye, a director, who visited the Oregun Phase II Housing Project, said they were impressed with the quality of finishing works they saw on site. “This is one of the best workmanship that we have seen around during our short visit to Nigeria’’, the investors said, committing to partner with Cornerstone in many areas of their activity.
Okupe told the visiting investors that “our success thus far has been largely due to the efficient and prudent management of materials and manpower by the professionals within the organization and the provision of quality products at competitive prices”.
The Cornerstone Oregun Phase II Housing project, which is nearing completion, is sitting on five acres of land and consists of 14 units of duplexes comprising 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.
According to Okupe, each duplex sits on approximately 350 square metres—400 square metres of land with four bedrooms, all en-suite, while the ground floor area includes the entrance lobby, foyer, main living room, dinning, kitchen, visitors’ toilet, and guest room, also en-suite’’.
The first floor 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 POP ceiling. It also comprises stainless steel aluminum railings, among others.
The terrace houses will also be finished with POP ceiling, stainless steel aluminum railings, well-finished wardrobes and kitchen cabinet among others.
The terrace houses will also be finished with POP ceiling, stainless steel aluminum railings, well-finished wardrobes and kitchen cabinet among others.
The company offers flexible payment plan for prospective buyers and, according to Okupe, installment payment was allowed with 30 per cent down payment while the balance was spread over one year.
A duplex sells for N85 million while a terrace house goes for N75 million. The Phase 1 of this project comprising 12 units of duplexes has since been sold off and occupied with just one unit available for re-allocation.
CHUKA UROKO