Firms partner to fund project online
Vistafprint, a technology platform with a focus on startup growth, has partnered Landwey, to drive real estate projects online. With the partnership, Landwey now owns a 25 per cent stake in Vistafront.
Speaking about the prospect of the partnership deal, Managing Director of Vistafront, Segun Ajuwon, said: “This is the start of an amazing partnership with Landwey. We are confident that with this partnership, we will be able to feature more real estate projects on our technology platform and make them available for funding.
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 like Nachtwey Advisory Services Limited, an SEC-registered, Asset Management company, Emerging Africa Capital Group, a licensed Trustee firm, and AXA Mansard, a trusted insurance company.”
Since investing in real estate is 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 profit at the end of the project cycle, Ajuwon said.
Funding is already ongoing on the Vista front platform for the Bloom 1 Project; it is a bridge financing for land acquisition for 14,000 square meters nested in the heart of Lekki Epe Expressway, Lagos State. With as low as N25,000 per unit, investors can fund as many units as they want and makeup to 12 percent in six months, Ajuwon further said.
Founder of Landwey, Olawale Ayilara, said: “Owning a stake in Vistafront was a bold move for us, and a step in the right direction because we believe in the vision of the company. We are always proud when we spot an opportunity for our clients and followers to be further involved in real estate projects that will give them the best returns for their money. We understand that we serve different people in our audience and this move is evidence that we fully support and encourage everyone to fund real estate projects on Vistafront.”
Vistafront will be gleaned from the wealth of experience that Landwey has in the business of real estate, to launch different projects that will be made available for funding on the platform, Ayilara said.
“We have gotten a lot of positive feedback since we launched and we have plans to continue to launch new projects,” Ajuwon added.
According to him, Vistafront’s mission is to provide quality infrastructure for all, so one per cent of every unit that is funded 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 the total funding reaches N10,000 for any project, Vistafront will automatically place a cap so that the total amount paid for SIIP does not exceed N10,000 irrespective of the number of units funded.
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