CMB flags-off Apapa residential housing development
Efforts are underway to turnaround the real estate fortunes of the Apapa GRA axiss in Lagos, with commencement of 40-unit residential scheme by Messrs CMB Building Maintenance and Investment Company Limited as part of its affordable portfolio.
The project, known as Zeeks Pearl comprising two blocks of tastefully finished three bedroom apartments with a service quarter and two pent apartments is a joint venture between Chief Dr. Ezekiel Ainabe and CMB.
A groundbreaking ceremony was conducted recently at the proposed site by the Archbishop of the Ecclesiastical Province of Lagos, Most Rev. Dr. Ephraim Ademowo during the 70th birthday anniversary of Chief Ainabe, who is providing the land while CMB would source for funding and develop the magnificent structure. Dignitaries that attended the ceremony include Chief Mrs. Rachael Ainabe and Chief Mrs Rebecca Aikhomu.
Chief Ainabe disclosed that all the approvals for the building have been obtained from the Lagos State government and the project is part of his commitment to ensure local content in the housing development. According to him, the project will employ up to 5,000 during its construction period.
In his part, the Managing Director of CMB, Mr Kelechukwu Mbagwu said the projects a 10-storey luxury apartment. The estate will boast of facilities such as alternative power supply, potable water supply, adequate parking space, landscaped area, elevators, fire escapes, a serene environment and facility management services.
He stated that the decision to spread its business to the Apapa corridor is largely based on the company’s drive to be a fore-runner in reducing the nation’s current housing deficit. He enjoins developers across the country to embrace this mandate of private sector participation.
Mbagwu noted that the gridlock in Apapa has been tackled by the authorities menace there. “The journey to Apapa is suddenly free and easy. With this underway, confidence has been renewed in the potential for new development and the market appetite for housing in the Apapa axis.”
CMB’s latest addition is strategically located in Apapa, which is the major port of the city of Lagos, Nigeria, which accommodates three of the nation’s biggest seaports within its precinct. Set apart by its close proximity to the water, Apapa is divided into a commercial section and a residential neighbourhood, the serene Government Residential Area (GRA) where the estate will be located.
CMB’s development drive towards the Apapa axis is coming on the heels of the directive by the Senate to the Federal Ministry of Works and the Nigerian Ports Authority, NPA, to immediately begin the process of removing structures on rights of way (motor ways) and other locations impeding smooth traffic flow across the country.
The senate insisted that the Federal Ministry of Works and the Lagos State Government immediately resumes the rehabilitation of the roads leading to the nation’s main ports in the Apapa area The
Unveiling the residential estate in Lagos last week, ,
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