• Begins Victoria Crest II in Lagos
One of the leading real estate company in the acquisition, development and management of property, Nedcomoaks has observed that Nigeria still has a long way to go to satisfy the shelter needs of its citizens.
The company noted that despite challenges, it has been meeting the growing demand of Lagos residents for decent and affordable housing. For instance, the firm has kick-started the Victoria Crest II along the Lekki-Epe corridor in Lagos, which is presently on sale.
The scheme is an estate of 76 units of three and four bedroom homes located by the second Lekki toll gate on Buena Vista Road and situated adjacent to the Buena Vista Estate. Victoria Crest I is a collection of 92 units of three and four bedroom terrace duplexes, all rooms en suite built for first time home owners or smart investors.
Estates in its proximity include, Lake View II, Essential Homes, Ocean Bay Estate, Bricks and Brains Estate, Golden Leaf Estate and the Shell Cooplag Estate,” he disclosed.
He added that Dream Court IV located near the Pinnock beach estate developed by UPDC is another project being developed by Nedcomoaks. The project comprises 30 luxury flats with an attached Boys quarter, the Chief Executive Officer and Managing Director of Nedcomoaks, Mr. Kennedy Okonkwo explained.
He pointed out that it would be a contemporary luxurious design hoping to surpass the expectations of subscribers who have commenced buying into this project on an off plan basis stemming from the huge return on investment of its previous project and the company’s remarkable project delivery track record riding on the success of Kiryan Court, Dream Court I-III, Crystal Dreams apartment and the Victoria Crest apartments.
Okonkwo, who invited some journalists to talk about an ultra modern community hall and ultra modern sports complex he is developing for his native Ojoto in Anambra State, used the opportunity to showcase what his company has been able to do in meeting the housing needs of Lagosians.
The developer explained that the operational aspect of construction has a tendency to drive up cost, stressing that as most of the finishing materials are imported, restrictions on foreign exchange make it difficult to import goods at a reasonable price. “A property that was selling at $150,000 can now go for $100,000 if the person has foreign exchange, so for these people, there is a higher advantage,” Okonkwo added.
He said the vision of Nedcomoaks is to become a leading real estate management and development company in West Africa, noting that with the success recorded by the company in a decade, it was indeed getting closer to its dream.
Though Nedcomoaks has emerged as one of the most highly rated and respected building construction companies in the property development business, Okonkwo said it was not juicy when he first ventured into the property business. “Initially, we would look for money to develop one property and once we sold that, we would build three more properties, because we would market and get other people to buy more.”
Okonkwo said from inception, the firm made it a policy and priority to build the best properties at affordable prices, a strategy he said elevated the company to become one of the best property developing companies in Nigeria.
Describing himself as a customer-centric entrepreneur, he insists that clients must have value for money in any of his firm’s project.
Okonkwo further disclosed that his firm has successfully put up several projects such as Kiryan Court, Dream Court IV, Crystal Dreams Apartment, Crystal Court and Sandton Court.
