Grenadines Homes opens up Nigeria’s real estate sector to global investors

Promoters of The Oceanna, an iconic development that is set to redefine the Lagos skyline, are wooing global investors into Nigeria’s real estate sector as they unveil investment options for part-ownership in the project.

“We are opening up the real estate sector to investors both in Nigeria and the Diaspora,” says Adeyinka Adesope, group managing director, Palton Morgan Holdings.

Adesope reveals that the hotel segment of the iconic project is open to part-ownership with flexible payment options, secure and high returns on investments.

“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.

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 information on the company’s website.

Kikelomo Williams, head, marketing services, Palton Morgan Holdings, says 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,” says Williams.

She is confident that the global appeal of the iconic development is not just in beauty, but that “the quality team of experts and professionals working on it will excite anybody familiar with topnotch 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 says.

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.

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. It is currently developing several residential projects in Lagos and Abuja.

CHUKS OLUIGBO