Le’Venue plans 1,000-unit housing estates

TOWARDS providing affordable housing for the low income earners, Lagos-based firm, Messrs Le Venue Property Development Company (LVPD) Limited, a member of the Le’ Venue group, has concluded plans to construct 1, 000 housing units across the South-West region of the country. 

  To make the goal a reality, the firm has commenced the process of appointing contractors for the construction of various house types. The first phase would be located at existing properties. These include Clara’s Court Estate in Ibeju Lekki and Rose Court Garden Estate in Ikorodu, both in Lagos State and Eden Park Estate in Magboro, Ogun State.

  Speaking on the plan at a news conference in Lagos last week, Group Managing Director of Le’ Venue Group, Mr. Jemine Adollo, said the firm has carried out the necessary feasibilities to ensure that the plan is successfully implemented, noting that concentration would be on South-West region, as pilot scheme. 

“Le’Venue Property Development Company is determined to play a vital role in the provision of affordable housing for all across the South West region for a start and across the federation over five years. LVPD will soon deliver a good number of fully semi-detached four-bedroom duplexes, semi-detached three-bedroom bungalows and fully detached two-bedroom bungalows at the estates in Lagos and Ogun states.

 He also said as a preliminary to delivering on the “one-stop-shop vision” for real estate solutions that meet the needs of the populace, the company is embarking on a partnership with major financial institutions and the Federal Mortgage Banks to ensure a seamless mortgage application for buyers who need a mortgage to fund their acquisition.

 According to him, LVPD is also partnering with registered cooperatives to cater to their needs in terms of pricing and location and implementing flexible, long-term payment plans for various classes of income earners.