- Grenadines Woos Investors to Nigeria’s Real Estate Industry
Property developer, Grenadines Homes, has unveiled a programme to attract foreign investors to the country with investment options for part-ownership in The Oceanna.
The Group Managing Director, Palton Morgan Holdings, parent company of Grenadines Homes, Mr. Adeyinka Adesope, said the hotel segment of The Oceanna had been opened to part-ownership with high returns on investments.
“We are opening up the real estate sector to investors both in Nigeria and in the Diaspora. Having embarked on a project that has clearly redefined the real estate sector in Nigeria by setting the standard for luxury and working with globally acclaimed professionals and consultants, we now invite investors to participate,” he stated.
He explained that the firm was trying to match the country’s real estate sector with that of Dubai, where luxury, safety of investments, flexible financing and high returns, among other things, had combined to increase global appeal to the market.
The Head, Marketing Services, Palton Morgan Holdings, Kikelomo Williams, said the company desired to open up opportunities to discerning investors with the project.
“The Oceanna Hotel is more than just a location. It is carefully set out as a plethora of opportunities and experiences, but the first step is to be an investor. It guarantees a lifetime stream of income,” she said.
Williams added that she was confident that the global appeal of the development was not just in beauty, but also in the quality team of experts and professionals working on it.
“It is designed by HOK Architects, famous for their work on the Dubai Marina; the Emirates Stadium, home of the Arsenal FC in London; and the Flames of Azerbaijan. The Oceanna is branded by Brash Brands, the creative agency that breathed life into the world’s tallest building, the Burj Khalifa, Dubai, and is being crafted by Cappa and D’Alberto,” she said.
According to Williams, the first phase of the project, covering 20,000 square metres of land, took off with design in the third quarter of 2015, and will be made up of four towers of mixed use developments, aiming to serve residential, commercial and recreational purposes for prospective buyers and investors.