Tinath Realties & Investments Limited, a real estate development and investment firm based in Ibadan is breaking new frontiers as the company has partnered with the Oyo State Housing Corporation (OYSHC), Ibadan to deliver 240 outlets Olubadan Ultramodern Shopping Mall, Opposite Bola Ige International Market (New Gbagi Market), Ibadan.
The two floor commercial complex project being developed under EPC+F alternative project financing structure will feature 240 units of 30 square metres shops, ATM gallery, food court and bar as well as fire station. The project total cost is put at N2.4billion and expected to be delivered within 12 months.
In the same vein, the company is partnering with the Oyo State Housing Corporation (OYSHC), Ibadan to deliver 343 green buildings comprising three, two and one bedroom apartments as well as four bedroom duplexes. This will form part of the 2,000 housing units the state government through its housing corporation is developing within the Omituntun Estate at Ajoda New Town, along Ife road in Ibadan.
The sustainable housing estate designed in line with International Finance Corporation (IFC) Edge Green Building Specifications will cost N8.5billion. The housing estate project which is aim at complementing the state government ongoing upgrading of Ibadan Airport into an international airport and the Ibadan Circular Road project is to craft a decent habitat around the Ibadan International Airport corridor. The project will be developed under EPC+F alternative project financing structure. And to be deliver within 12 calendar months.
Demonstrating the company’s sustainability initiative, the IFC Edge Green Building certification report for the project has estimated annual CO2 savings of 972.21tCo2 andlifetime savings assumes a building lifespan of 70 years is put at 68,054.7tCo2 where tC02 is tonnes of C02.
The company’s unprecedented performance on the development of the ongoing Oyo State GRA, Saki according to the Managing Director and Chief Executive Officer of Tinath Realties & Investments Limited, Mr Kola Abimbola, separated the company from the crowd of developers that participated in the bidding processes for the two projects.
The MD expressed the company’s appreciation to Governor of Oyo State, Seyi Makinde, who will be flagging off the housing estate project on Wednesday, October 9, 2024 and the Chairman, Oyo State Housing Corporation, Ademola Omotosho for the confidence repose on the company and pledge the company’s commitment to deliver the project with the maximum professional conduct.
