The units expected to lift the nation’s housing stock, will consist of two and three bedroom flats as well as detached and semi-detached units at 14 locations across the country according Richard Nyong, CEO of the company.
Lekki Gardens, which took the real estate market by storm in 2011 with sensational offers at its pioneer estate near the Lagos Business School campus in Ajah, Laogos, currently has 35 locations including three in Port Harcourt, Nigeria’s oil and gas capital.
Others which are in Lagos include six different locations in Osborne Estate, the up market residential enclave, eight sites in Lekki, three around Chevron, six in Ajah, two in Ikeja GRA, one in Gbagada, one in Ikate Elegushi, and one in highbrow Banana Island.
The company has achieved a significant leap over the last four years, leveraging its very attractive deal model which allows a prospective property owner to begin the journey up the property ladder with an affordable deposit and then go on to pay the balance of the property’s value in as much as 36 monthly installments in some cases.
“Our business success is built on trust,” says Nyong. “We have enjoyed the trust of our clients and this trust rests on something tangible, that which the clients can see and that which feeds off our impeccable track record of being able to deliver homes when we say we will, or earlier, as has been the case in the past.”
Typically, Lekki Gardens charges between N8.5 million for flats and N45 million for terraces depending on location and house type and deposits can be as low as N1 million with the offer of as much as 48 months for the completion of the balance payment.
The extensive work at the 35 locations of Lekki Gardens means the company’s impact goes beyond just brick and mortar.
Says Nyong, “we build houses which our clients like quite alright but we are also creating wealth, we put smiles on people’s faces every now and then, we are creating thousands of direct and indirect jobs and have also become a strong catalyst for social re-engineering.”
He said many of the Nigerians who have become home owners at Lekki Garden estates are those who may not have been able to enter the property market without the company’s creative purchase model.
There are about 15,000 persons employed directly or indirectly at Lekki Garden’s 35 locations and when the company moves into any neighbourhood, it begins by building decent access roads, which serve not just its estates but also adjoining communities. -Businessday