‎
‎Amid growing demand for structured and investment-driven housing solutions, a  new residential development in Lekki has placed regulatory compliance, structured construction process and design at the centre of its delivery model.

‎The project, Phoenix Apartments, was formally introduced during a groundbreaking ceremony held by Keble in partnership with D207 Construction, recently.

‎Speaking at the event, Chief Executive Officer, D207 Construction, Jerry Raji, said the development is designed to integrate planning, functionality and regulatory processes from the outset. He noted that collaboration across design, compliance and construction teams is critical to achieving quality outcomes.

‎He added that the company’s approach is guided by a commitment to “source right, design right, build right and finish right,” stressing that alignment between technical and regulatory teams underpins execution.

‎Chief Executive Officer, Keble, Josemaria Agulanna, outlined the project’s financial model, which introduces fractional ownership as a means of widening access to property investment.
‎“On Keble, you can own fractional parts of this unit. If you do not have the full amount, you can still buy into it,” he said.

‎Agulanna identified demand, income potential and resale value as key considerations for investors, describing Lekki as a mature market with established activity.

‎He further noted that strong liquidity in the area enhances exit opportunities for investors. “You can sell faster because there is demand. That is important for any investor,” he added.

‎On pricing, Agulanna said the company benchmarked development costs against prevailing market rates in Lekki, noting that a two-bedroom apartment in the project is priced at N260 million.

‎He added that population growth and constrained housing supply continue to support demand in the Lekki axis, reinforcing both rental income prospects and long-term value.

‎Agulanna also highlighted the presence of corporate governance structures, including a board and reporting systems, aimed at ensuring transparency and continuity.

‎During a panel discussion, speakers emphasised the importance of regulatory compliance and proper planning in construction. Raji explained that soil testing and structural assessments were conducted prior to finalising the design.
‎
‎Chief Executive Officer of Dipodavies Realty, Oladimeji Davies, advised prospective buyers to prioritise value and purpose when entering the real estate market.
‎