One
of Nigeria's leading building and morgage firms of international
repute, CMB
Building Maintenance & Investment Company Limited has rolled out
plans to embark on the construction of medium low cost residential
estate to ease accommodation congestion in Apapa GRA.
In
line with its CSR campaign of ''house for all by the year 2020'' the
foremost real estate development company is investing multimillions
to boost its affordable portfolio of real estate development with the
introduction of a residential housing estate in Apapa GRA.
According
to sources, this CMB’s latest addition is strategically located in
Apapa, which is the major port of the city of Lagos, Nigeria, and
it's located to the west of Lagos Island, across Lagos Harbour. It
accommodates three of the nation’s biggest seaports within its
precinct. Set apart by its close proximity to the water, Apapa is
divided into a commercial section and a residential neighbourhood,
the serene Government Residential Area (GRA) where the estate will be
located.
CMB’s
development drive towards the Apapa axis is coming on the heels of
the directive by the Senate to the Federal Ministry of Works and the
Nigeria Ports Authority, NPA, to immediately begin the process of
removing structures on rights of way (motor ways) and other locations
impeding smooth traffic flow across the country.
The
senate insisted that the Federal Ministry of Works and the Lagos
State Government immediately resumes the rehabilitation of the roads
leading to the nation’s main ports in the Apapa area, with a view
to tackling the gridlock menace there. This obviously has given a
necessary filing to the improvement of the Apapa situation as all
through 2016 the gridlock has been a thing of the past. The journey
to Apapa is suddenly free and easy. With this underway, confidence
has been restored for new potential development, hence, the market
appetite for housing in the Apapa axis.
The
estate will comprise 2 blocks of 38 units of tastefully finished 3
bedroom apartments with a service quarter and 2 pent apartments. The
estate will boast of facilities such as alternative power supply,
portable water supply, adequate parking space, landscaped area,
elevators, fire escapes, a serene environment and facility management
services.
Unveiling
the residential estate in Lagos last week, the Managing Director of
CMB, Mr Kelechukwu Mbagwu, said the decision to spread its business
to the Apapa corridor is largely based on the company’s drive to be
a fore-runner in reducing the nation’s current housing deficit. He
enjoins developers across the country to embrace this mandate of
private sector participation
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