New avenue opens for investors to diversify property portfolio, get high yield

For investors whose property holdings are mainly in residential assets, a new commercial avenue has opened for them to diversify their property portfolio.
Known as Propertygate Centre, the new avenue which is also for businesses seeking to own a place of operation for security of tenure, peace of mind, escape from rent pressure, and a store of wealth, also holds promises for competitive returns compared to holdings in residential and other property types around its surroundings.
A prestigious office development located in the Central Business District of Lekki Phase 1, Lagos, Propertygate Center is an ambitious facility with alluring façade and blends contemporary architecture, efficient space design, tasteful finishing, and top class facilities.
The development, which is being promoted by Propertygate Development and Investment Company, was conceived to be an ultimate office station that guarantees optimal workplace productivity within a stylish and friendly environment.
“Post completion, the Center will enjoy excellent facility management services to guarantee continuous topmost quality experience, sustainability, asset protection and capital appreciation”, assures Adetokunbo Ajayi, Propertygate’s CEO, adding that top property management services will be available to investors for lease management and value maximization.
The Center enjoys high profile neighbourhood which Ajayi listed as C & I Leasing headquarter, Rock Tower, IMAX Cinema Centre, shopping mall, upcoming NDIC Lagos headquarter, Fitness Centre, a 6-Floor Event Centre with 600 car spaces, multi-storey Specialist Hospital Complex etc.
It has striking features such as modular office spaces of 92, 103, 104 and 116 square metres, each complemented with three toilets. There’s flexibility in floor designs to enable integration of spaces into larger ones while allowance is created for the integrating spaces into larger office spaces of approximately 150, 160, 195, 300/312) and 393 square metres.
“Combined office spaces on a whole floor is approximately 612 square metres and there are exclusive car slots for each office space”, Ajayi added, adding that the Center has top of the range facilities such as beautiful reception on the ground floor and two Elevators.
Others are one main and one escape stairway, two dedicated power generators, dedicated power sub-station, fire prevention and detection systems, mini water works, CCTV, well-planned car park spaces and light landscaping.
Among other benefits, the Centre guarantees prospective part ownership of a prestigious and valuable real estate asset. It has potential for capital appreciation at completion and further future capital appreciation just as it also guarantees sustainability.
Propertygate Centre could be described as a child of circumstance being the developers response to growing demand for commercial office space within its upscale location. Propertygate Development and Investment Company is one of the leading investors and developers of residential real estate in Nigeria.
In the past decade, the company has left indelible footprints in the Lagos residential property market where it has served the interest of the middle and upper-middle class home buyers with its many schemes concentrated along the Lekki-Epe Expressway axis.
Its CEO is a chief exponent for private enterprise as a major driver of housing delivery in the country. “Our expectation as private operators is that the government should provide enabling environment to encourage the target beneficiaries of mass housing to take advantage. The easiest item to get by the government is land. But beyond the land is the issue of facilities such as good road network, sewage, pipe borne water, electricity and a host of others that can bring about enabling environment”, he pointed out at a media forum in Lagos recently.

CHUKA UROKO