One of the biggest developments in Lagos in 2022 was in real estate where a lot of stakeholders, including the state government, had distinguished themselves with ambitious projects that added significant value to the Lagos property market.

The announcement of the commencement of the bid for the Lagos Fourth Mainland Bridge was the icing on the cake of the year’s real estate milestones.

In the countdown of the biggest and most impactful real state developments of the year, Wealthy Place, the largest private commercial hub in Lagos which also include 400 housing units for the middle class, where people can buy a three-bedroom apartment for around N25 million stands out as a remarkable project.

The project, the first phase of which would be completed by February 2023, with a total of 1, 200 housing units scheduled to be completed between 2022 and 2024.

That brought into focus the companies behind the project, namely MKH Investment and Destiny Crest Building Engineering Limited, both firms owned by Muibi Kehinde Hammed.

Destiny Crest Building Engineering Limited is a company which has been around since 2018, while MKH Investment was a 2020 rebranded company that was previously known as Mustard Fortune Global Investments Limited.

The driving force behind both companies, Muibi Kehinde Hammed, a well-known name in the Lagos real estate sector, first made his name with Christal Homes, a real estate and development company where he was Executive Director and Chief Operations Officer for two years at a time the firm delivered six estates across Lagos.

As founder and CEO of these companies, Hammed, known within the industry as Dr MKH, has a banking background, with a first degree in Business administration from IRGIB Africa University, Benin Republic, Master’s in Project Management, and an honorary doctorate in Estate Management and Property Development from the European-American University, Republic of Panama.