The Nigerian real estate has received a
boost as Gren- adines Homes concludes arrangement to embark on Atlantic
Resort project of 35,000 square metres prime oceanfront, valued at about
$100 million.
The project, which will be built on
Water Cor- poration Road, Victoria Island, Lagos, will have luxury
residential apart- ments, retail office space and a five-star hotel.
The firm is working with HOK, a global
de- sign, architecture, engineering and planning firm, to give the
project an international outlook.
HOK is the designer of the Flame Towers,
the tallest skyscraper in Baku, Azerbaijan. “Grenadines remains
committed to cutting- edge architecture,” said Adeyinka Adesope, group
managing director, Gren- adines Homes, during a press conference held
Wednesday in Lagos. “Real estate has got lots of opportunities and we
want to play with a difference.
Our business is to give people beauti- ful homes.
The design we came up with few years ago
has become a benchmark in the indus- try and we want to drive a
paradigm shift in the way homes are built,” Adesope said. According to
him, the firm is not just looking at the top-end but is also looking at
affordability and at the middle- and lower-ends.
Noimot Olatunji, man- aging director,
Grena- dines, said the project will be mixed-use, while the location
faced the ocean, saying firm was well-positioned in pro- viding
solutions in the real estate sector. “Our homes are much better than the
ordinary.
And we believe that the project and
the services we offer will be sought- after,” she said, but hoped that
the project would not only help in boosting the real estate industry,
but would also win an award.
Barry Spencer Hughes, senior
vice-president, HOK, said his team was excited about the project,
stressing that the project will hopefully bring a slightly different
design element in the market.
“Certain facilities at- tached to the
hotel will also be beneficial to the residents,” Hughes said. The
ground-breaking event of the project is ex- pected to happen in 2016.
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