Diaspora Nigerian home buyers gain as AMDC, Meristem partner on new housing initiative
Nigerian investors in Diaspora are major beneficiaries of a partnership on homeownership initiative between Alpha Mead Development Company (AMDC) and Meristem Trustees Limited which aims to help these Diaspora investors fulfill their home ownership aspiration.
The two companies signed Memorandum of Understanding (MoU) at the weekend under the Meristem Diaspora Trust (MDT). The MoU will see AMDC render property development and acquisition services for the benefits of Nigerians in Diaspora while Meristem will, in turn, render trust administration services to clients to protect their interests in the property development and acquisition process.
“This new partnership will open Nigerians in the Diaspora to a new opportunity to own choice real estate assets in any lifestyle residential estate developed by AMDC,” Femi Akintunde, Alpha Mead Group’s GMD/CEO, explained.
Akintunde said the novel initiative further re-echoes AMDC’s determination to continue to improve the process of home ownership for mid-income Nigerians home and abroad. He said this new relationship with MDT presents another opportunity for Nigerians in the Diaspora who are eager to grow their real estate assets back home.
In his remarks, Damola Akindolire, Executive Director, Real Estate at Alpha Mead, said “this is a novel initiative, and we are not just proud to bring yet another opportunity to our Diaspora customers, we are excited about our choice of partner on this initiative. We have no doubt that this AMDC-Meristem relationship will be a game changer, and we are especially delighted about the possibilities it will present to our customers who can now do real estate transactions in Nigeria without fear of being swindled”.
“The uncertainty in the oil prices have proven that real estate assets are worthy investment options at times like this and with Meristem coming to the platform, we are pleased to unveil an innovative platform that will not just ease the homeownership process for Nigerians in the Diaspora, but also guarantee the authenticity of the transaction”, Akindolire added.
Saheed Bashir, Business Development Manager at MERISTEM expressed delight at the commencement of the agreement, saying; “we are delighted to enter into this partnership with AMDC. We believe this relationship will resuscitate the needed trust and confident for real estate transactions in Nigeria. We must also say that we are pleased with what AMDC is doing. We are attracted to them because of their innovative ways of approaching home ownership; and on this occasion, we are pleased to be part of this milestone”.
The AMDC-Meristem MDT is coming on the heels of an earlier MoU which AMDC signed with the Nigerian Mortgage Refinancing Corporation (NMRC) to address financing issues faced by current and prospective home buyers.
CHUKA UROKO