The estate, according to the developer, is a new mid-market residential development planned for delivery within the first quarter of next year and estimated to cost N500m, while a team of construction professionals from Baron Architects and 225MM Construct are undertaking the project.

According to the Business Development Manager, Tetramanor Gardens Limited, Mr. John Beecroft, the development is as a result of an extensive survey with a view to meeting the needs of the targeted market.

He said the estate would offer a community where kids could live life to the fullest in spaces specially designed for them.

Beecroft stated, “Modalities for facility management will also be agreed upon between Tetramanor and owners vis-a-vis the extent of services and duration of backup power. To cater for the various family sizes, we chose to mix the house types ranging from three-bedroomed condominiums, to four-bedroomed townhouses with maid’s rooms.

“In line with providing exactly what people want, our property comes fully finished, curtailing that itchy-feeling inside us that wants to furnish them just the way we envisioned. Still, we will be providing our buyers the option of working with our interior decorator to get that taste of the heaven we imagined. All rooms are en-suite.”

According to Miss Folawunmi Banjo, an engineer with 225MM Construction Limited, the project is planned for delivery in 15 months and comprises of blocks A, B and C.  While blocks A and B are terrace apartments, block C hosts condominiums.

“Each unit in the gated community has a title of Deed of Sublease. All the house types, including condominiums, townhouses, maisonette and penthouse will be aesthetically appealing, designed with modern spaces and easy to customise to each homeowner’s style and taste,” she said.

PUNCH.

The post Firm plans new N500m residential project appeared first on 9japroperty.

The Chief Executive Officer of 3Invest, Ms. Ruth Obih, said the move was coming on the heels of the success of the just concluded capital-raising partnership for the Marlowe residential project in Houston Texas, USA.

“This is the second project this year and the third project that we have been privileged to be working on as exclusive regional industry partner,” she said.

According to Obih, Arabella is a 33-storey, 99 residence contemporary tower with two, three and four bedroomed floor plans, positioned next to the highly anticipated River Oaks District.

She said, “Every architectural detail of Arabella is a reflection of the belief that a high-rise home begins with the art of superior exterior modelling, and concludes with customised interior finishes similar to the great new genre of high-rises ascending skyward in New York City.

“From the stunning entrance facade, to the spectacular lobby, Arabella aspires to move the design needle forward for Houston.”

Obih said the project partner, Houston EB5, is a Houston, Texas-based real estate investment company offering potential investors the opportunity of investing in real estate development in Houston Texas, the United States.

“In addition to the prospect of a good return on investment, investing in Arabella will make investors eligible for permanent residency in the United States through the EB-5 programme administered by the US Citizenship and Immigration Services under the Department of Homeland Security,” she added.

The Managing Director of Houston EB5 Regional Centre, Acho Azuike, said the majority of the investors, who subscribed to Houston EB5’s previous projects, were from Mexico and other Latin American countries with Nigeria close behind.

PUNCH.

The post 3Invest, Houston EB5 woo investors with Arabella project appeared first on 9japroperty.

I want to urge the governor to help find a solution to this project.

Adejumo Babatunde.N.,

Abraham Adesanya Polytechnic, Ijebu Igbo, Ogun State,

+23481664439:

The post Abandoned project in Ijebu Igbo appeared first on 9japroperty.

The alliance, which seeks to achieve clean energy goals by influencing public policies, says it is deeply concerned over the implementation of the Federal Government’s N9.2bn clean cook-stove project.

The NACC stated in a statement made available to our correspondent that its partners had expressed worries that the controversy created by the alleged lack of transparency and accountability in the award and implementation of the project would damage the reputation of the emerging clean energy industry.

The statement read in part, “Over 95,000 Nigerians, mostly women and children, die annually from smoke from the kitchen. This is Nigeria’s third highest killer after malaria and HIV/AIDS. In addition, Nigeria loses three per cent of its forests annually partly as result of the cutting of trees for firewood. If the N9.2bn set aside for this project was properly used, the lives of thousands of Nigerians and our forests will be saved and our women and youths will be empowered with new job opportunities.

“Partners of the alliance are worried that controversies created by the alleged lack of transparency and accountability in the award and implementation of the N9.2bn project will damage the reputation of this emerging clean energy industry.

“Further, we are also concerned that the initiative focuses on the importation of stoves that can easily be produced by Nigerians. By investing this money in Nigeria, we could have created thousands of new jobs and supported new and existing small businesses.”

The group added that it was further concerned about the impacts of the free distribution of stoves on the local industry as many partners had seen the sale of their clean cooking energy products plunge as a result of the anticipation of free stoves from the government.

The NACC recommended that the Federal Government should invest the remaining N7.3bn of the contract sum in domestic clean cooking energy production and distribution.

“These funds should go to soft loans, working capital and machineries, grants for training and capacity building as well as public awareness. The aim will be to expand the local distribution of cooking gas (LPG) and biofuels as well as the local production and distribution of efficient wood and charcoal stoves,” the NACC noted in the statement.

It added that despite a challenging business environment, companies were expanding the production of clean cooking fuels such as LPG, ethanol and efficient wood and charcoal stoves, and that over the past year, LPG consumption had experienced double digit growth, but that less than five per cent of households were using this locally produced cooking gas.

It added, “Ethanol companies have set ambitious expansion plans but continue to struggle with access to finance. Several entrepreneurs are struggling to finance expansion plans for their ceramic, mud and metal efficient wood and charcoal stoves. Re-directing part of the N9.2bn funding to local production and distribution will empower these companies to help save lives and our environment as well as create jobs for women and youths.

“By investing the remaining N7.3bn of this contract sum in local production, the Federal Government will create over 100,000 new direct and indirect jobs, and support at least 5,000 new small businesses. At least half of this amount should be dedicated to women and youth entrepreneurship programmes for the production of clean cook-stoves, using locally available raw materials.”

The alliance proposed that the already procured stoves be set aside for high value humanitarian purposes such as support for Internally Displaced Persons.

PUNCH.

The post N9.2bn clean cook-stove project controversy worries group appeared first on 9japroperty.