Firm Plans New N500m Residential Project

investment

The management of Tetramanor Gardens Limited has unfolded plans for a new residential project at an emerging area of the Costain-Iponri area of Lagos, known as Olaleye New Town.

The estate, according to the developer, is a new mid-market residential development planned for delivery within the first quarter of next year and estimated to cost N500m, while a team of construction professionals from Baron Architects and 225MM Construct are undertaking the project.

According to the Business Development Manager, Tetramanor Gardens Limited, Mr. John Beecroft, the development is as a result of an extensive survey with a view to meeting the needs of the targeted market.

He said the estate would offer a community where kids could live life to the fullest in spaces specially designed for them.

Beecroft stated, “Modalities for facility management will also be agreed upon between Tetramanor and owners vis-a-vis the extent of services and duration of backup power. To cater for the various family sizes, we chose to mix the house types ranging from three-bedroomed condominiums, to four-bedroomed townhouses with maid’s rooms.

“In line with providing exactly what people want, our property comes fully finished, curtailing that itchy-feeling inside us that wants to furnish them just the way we envisioned. Still, we will be providing our buyers the option of working with our interior decorator to get that taste of the heaven we imagined. All rooms are en-suite.”

According to Miss Folawunmi Banjo, an engineer with 225MM Construction Limited, the project is planned for delivery in 15 months and comprises of blocks A, B and C. While blocks A and B are terrace apartments, block C hosts condominiums.

“Each unit in the gated community has a title of Deed of Sublease. All the house types, including condominiums, townhouses, maisonette and penthouse will be aesthetically appealing, designed with modern spaces and easy to customise to each homeowner’s style and taste,” she said.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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