ODU’A INVESTMENT LAUNCHED N500M ACE ESTATE.

Odu’a Investment Company Limited on Tuesday launched a N500m real estate project, which was completed in nine months.

The estate which is a residential accommodation, situated in  the high end of Jericho Government Reservation Area (GRA), Ibadan, the Oyo State capital. The estate consists of three luxury units of 5-bedroom duplex and four luxury units of 4-bedroom duplex with all the required facility. It is set on 4,400 square metres of land.

Guiding  the media team around the estate last week, Odu’a management team, led by the Principal Assistant on Strategy and Sustainability, Mr Babajide Oyebola, gave the technical details and facilities available in the estate.

The analysis of the ground floor has ante room of 125 square metres; visitors toilet, living room, 20.95 square metres; dining, 13.65 square metres; kitchen; 16.45: store, 2.4; laundry, 4.35; guest bedroom, ensuite, 19.55 and maid room, also ensuite, 11.35 square metres respectively.

“The four-bedroom duplex is also designed to have a family lounge, family balcony, bedroom 1, and bedroom 2, all ensuite, master bedroom, ensuite, including a balcony and a study”, said Oyebola.

Other facilities are  swimming pool, a gymnasium, 13 KVA generator already connected to the grid, a dedicated space for individual generator which he said may not be necessary because of  the constant power supply in the area.

“On the finishing, the choice of furniture included high quality vitrifies ties to living room areas, kitchen and bedrooms, including high quality paint, ceramic ties from floor to ceiling in kitchen and bathroom.

“Others are a well-seasoned solid core flush doors, powered coated aluminum doors, high quality steel security doors, including powered coated aluminum windows, quality stoned coated roofing sheet and POP ceilings with comice,” he noted.

The Group Managing Director, Odu’a Investment Company, Adewale Raji, said that as part of the firm’s quest to expand its real estate business, the project would be replicated in other parts of the South-West

According to the group MD- citing the punch “The project costs about N500m, which was sourced internally. We are convinced that it is the right thing to do and in the future, we will try to multiply our footprint. There will be two strategies to do that. We will fund some and, in some cases, we will go into joint ventures with other partners so that we can multiply this kind of development in other parts of the South-West.

 

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