One of the leading property investment financiers, Africa Capital Alliance has clarified that its exit from the Lagos Blue Water Project was not because of ‘anything negative’ but due to completion of property development contract.
The Africa Capital Alliance had recently announced that its real estate fund, Capital Alliance Property Investment Company (CAPIC) has exited its investment in Lekki Blue Water Project. The investment was undertaken as a partnership with El-Alan for the development of the 128-unit residential development in Oniru, Lagos.
The Blue Water Lagos is a contemporary mixed-use development that sits on a 37,000 square meters expanse of sea view land with quality and comfort embedded in its design. The project located in the heart of Lekki Phase 1, is made up of residential buildings, blended with commercial spaces.
