Lashone Estate woos investors with N200m investment portfolio

Lashone Estates, a real estate investment company and a subsidiary of Lashone Links Limited, is offering investment opportunity to land investors at its N200 million scheme.

Disclosing this at its third stakeholders meeting in Lagos recently, Lanre Shonekan, Lashone Links’ managing director, said “the purpose of this offer is to enable the company finance the expansion of investment network in land acquisition, construction, media, co-operative scheme, business school and working capital.”

Shonekan said steps were taken to position the company to harness the enormous investment and economic opportunities in the country, with a view to being a major player in the real estate sector while delivering good returns to investors and shareholders.

Continuing, he said the investment opportunity is open to the general public through placement of funds in cheques or drafts payable in favour of the company in unit of 1 million and multiples of N500,000, and used the opportunity to introduce a new housing scheme to its clients which, he hoped, would enable them own homes in the estate by depositing only 15 percent of the value of the plot.

He maintained that while the houses would be delivered to residents in less than six months on completion of the deposit, clients would have a five-year period within which to complete their payment.

Shonekan also disclosed to the stakeholders that the company had started its fifth estate – the Lashone Ibeju Lekki Estate. This is in addition to Lashone Estate Agbara, Lashone Estate Simawa, Lashone Estate Ibeshe, Lashone Estate Ghana.

Lashone Estate Ibeju Lekki, according to him, is situated along the Lekki Free Trade Zone, noting that the estate was a few minutes drive from the newly constructed Lagos Island International Airport.

“Among its other neighbours are Lacampagne, Federal Government Teacher’s Estate, Amen Estate and the Lagos State Golf Course,” he added.

According to him, the estate which sits on over 50 acres of land is selling a plot and an acre of land for N2.5 million and N10 million, respectively, for outright payment.

On the Ibafo Estate, he said talks were at advanced stage with native land owners to formally hand over the property to the company.

ODINAKA MBONU