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Propertygate Unveils N500m Projects

A frontline real estate and investment company, Propertygate Development and Investment Plc has commenced a N500 Million building project as part of its corporate efforts to expand housing markets for enhanced contribution to Nigeria’s Gross Domestic Product (GDP). Specifically, the company has unveiled some of its on-going housing projects billed for completion between June and September this year on the Lekki Peninsula corridor of Lagos State.

The products, which are fully detached duplexes built to deliver elegance, comfort and style, are said to be about 65 per cent subscribed. The projects with market value of over N500 million, on completion, are uniquely named based on the individuality of each different design. The projects are in three clusters within a private gated estate. Each housing unit enjoys exclusive space area

The company’s Managing Director and Chief Executive Officer, Mr. Adetokunbo Ajayi explained that despite the challenging operating environment, in Nigeria, the company’s products and services shall always be guided by the principle of innovativeness and value-driven for its diverse clients.

According to Ajayi the design and execution of the company’s products would continue to place premium on customer satisfaction. He noted that investment in real estate is one of the potent means by which the federal government could diversify Nigerian economy in the wake of shocks that have characterised the global oil market.

Explaining the unique features of the project, he noted that one of the clusters, christened Catembe Court, had been designed as mini-scheme to give taste and premium living experience. “The Court comprises  all rooms ensuite 4bedroom detached  houses, each with ensuite maid’s room, entrance porch, ante, main living room, dining area, visitor’s toilet, kitchen with pantry, family sitting and sit out  terrace,” he said.

Also, Ajayi explained that “features within the Court include demarcated land area for each home, lawn and shrubs, paved internal road and motorized entrance gate into the Court. Other clusters comprise 4bedrooms all ensuite detached duplexes of three different designs mix, namely Opal, Pelican and Manderine. Though each parades exciting individual characteristics, yet they all share endearing attributes of effortless beauty and perfect welcome-home persona.”

The host estate for these projects has water works, power infrastructure, streetlight, security, landscape and management services. The projects, which would cater for the need of the upper medium income group, are already generating great enthusiasm among home seekers and savvy investors.

Commenting on the future plan, Mr. Ajayi said this is just a sneak preview of what Propertygate has in store for the industry, as the company had embarked on other vital projects aimed at meeting the needs of various markets.

(Culled from

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