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Developer urges one million homes yearly, delivers N1.4b housing project

By Victor Gbonegun
08 February 2021   |   2:57 am
To address the nation’s housing shortfall, a real estate developer, Mr. John Beecroft has stressed the need for stakeholders

The Managing Director/Chief Executive Officer, Tetramanor Ltd, Mr. John Beecroft; (left) handing over keys to subscribers of TM Meadows during the commissioning in Ebute-Metta, Lagos.

To address the nation’s housing shortfall, a real estate developer, Mr. John Beecroft has stressed the need for stakeholders in the sector to focus on the provision of one million homes yearly.

He stated this at the grand opening of TM Meadows, a residential housing project located in Ebute-Metta.

The commissioning featured the handing over of keys to the subscribers.

TM Meadows consists, 37-units of two and three-bedroom apartments and four-bedroom maisonettes.

Other features include maid’s room, extensive parking lots, ‘reverse osmosis’ treated water supply, spacious garden and playground, 24 hours security, Closed Circuit Television, backup power transformer, and supermarket.

The N1.4 billion project which started two years ago is a mixed purpose development that includes both residential and commercial spaces and is strategically located five minutes from the Third Mainland Bridge.

Beecroft, who is the managing director of Tetramanor Nigeria Limited, observed that developers would have to keep providing the basic infrastructures for housing projects, which will invariably impact on the cost of housing delivery.

He said expectations that the government would provide the basic infrastructure has failed over the years.

On TM Meadows, Beecroft said, “despite the adverse economic environment, the firm went all out to provide real quality spaces, with special features such as a jogging path, Gym, Mini Basket Court, Italian electrical & sanitary fittings, and high-quality wooden GQ doors.”

He assured that the firm remains resolute in delivery of quality, reasonably priced residential and commercial spaces for Nigerians who are in need of a place to call home.

Commissioning the project, the Chief Executive Officer, TW Construction Limited, Otunba Tomori Williams said, the project would further reduce the housing shortfalls in the country.

He commended the developer for the quality of work done especially, the infrastructures and the finishing adding that it has turned around the community for good.

Lauding the firm for the project, the Baale of Okobaba community, Chief Musibau Jinadu said it would open the area for more visitors investments, and employment opportunities for the people.

He stated that the community has stopped operations of land grabbers in Ebutte-Metta and appealed to other developers to come and invest in the community.

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