‘Why we acquired stakes in Vistafront’
Lagos-based real estate firm, Landwey Investment Limited has stated that its acquisition of 25 per cent stake in Vistafront, a tech platform for real estate projects was to support investors to fund real estate developments.
The founder of Landwey, Mr. Olawale Ayilara, said since investing in real estate could be a capital-intensive project for many, Vistafront was established to give people the opportunity to fund real estate projects from the comfort of their mobile devices and earn good returns at the end of the project cycle.
According to him, Vistafront would be gleaning from the wealth of experience that Landwey has in the real estate business, to launch different projects that would be made available for funding on the platform stressing that there is an ongoing project called Bloom one, a bridge financing for land acquisition for 14,000 square meters nested in the heart of Lekki/Epe Expressway, Lagos. “With amount as low as N25, 000 per unit you can fund as many units as you like and make 12per cent return in six months.
Vistafront’s mission is to provide quality infrastructure for all, so one per cent of every unit you fund goes toward Social Infrastructure Impact Project (SIIP) like schools, community homes, hospitals and other social amenities accessible to the less privileged. However, once one per cent of your total funding reaches N10, 000 for any project, Vistafront would automatically place a cap so that the total amount you pay for SIIP does not exceed N10, 000 irrespective of the number of units funded.”
Speaking on the partnership, the Managing Director, Vistafront, Segun Ajuwon, said: “For every project we feature on the site, we also have in place a strict vetting process carried out by our in-house team and our other partners.”
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