ChangeAgent Property

TOWARDS reducing the nation’s housing deficit estimated at 17 million units, Trust Bond Mortgage Bank Plc has announced plans to engage in affordable home financing in all parts of the country, and offer of innovative products that would cater for different needs of the populace. The company will also ensure compliance with the relevant regulatory requirements and improve its profitability as well as embrace the use of technology in meeting the needs of our clientele. The bank’s Chairman, Etigwe Uwa, who made this known during the company’s annual general meeting in Lagos, noted that the new shift in Central Bank of Nigeria (CBN) operational guidelines, permissible activities for Primary Mortgage Banks (PMBs) are mortgage finance, real estate construction finance and acceptance of deposits, have brought the re-awakening that mortgage firms are ‘banks’ and not real estate management firms.

THE umbrella body for estate developers in Lagos Sate has inaugurated a new governing council and Board of Trustees (BOT) at its new secretariat at Ebute- Metta, last week. At the event, the Chairman of the Association of Real Estate Developers of Lagos State (AREDOLS), Nureni Ayinde Akinsanya, reiterated the need for developers to ensure global best practices in construction in order to reduce the incidence of collapse being witnessed nationwide. Speaking at the maiden of the and Governing Council of the association, Akinsanya said the inauguration marked a historic moment in the life of the association, adding that it was part of the achievement of the present executive.

                     Haven Homes While government admitted that its role is to create conducive environment for private investors in its quests for housing delivery, stakeholders reeled out sundry requests that would attract investment in the sector to ensure 20,000 units in 2018. TO keep the increasing housing demand in Lagos State under control, the state government must adopt a multi-approach strategy; else, crisis of homeownership in the state would continue to escalate. Though not totally new to the industry, several of these approaches were thrown up at a one-day forum, organised by the Lagos State Ministry for Housing.

A DISPLAY of architectural masterpiece is in the pipeline as a construction firm, Sujimoto last week launched the tallest residential building in the highbrow Lagos settlement, Ikoyi. It is named Lorenzo, which upon completion would be magnificent development and symbol of structural mastery in Ikoyi’s prestigious neighbourhood of Bourdillon. Lorenzo, according to the developer, presents homeowners the elegance of worldclass residential poise on our own shores with unrivalled features, facilities and excellent services. The project is a 25-floor residential masterpiece built on 3,800 square metres of amazing landscape.

Vice President Yemi Osinbajo says the Federal Government is focused on implementation of Niger Delta Master Plan to drive development of the region. Osinbajo stated this at the inaugural meeting of Partners for Sustainable Development Forum organised by Niger Delta Development Commission (NDDC), in Port Harcourt on Monday. He said President Muhammadu Buhari had also expressed concern with current degradation of the environment with a view to addressing challenges faced by the region. “Niger Delta remains a priority of the President Muhammadu Buhari-led APC government with a view to attending to current devastation and environmental degradation in the region.

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…Earmarks 189 Roads For Next Phase The Lagos State Government on Tuesday 24th of November said that over 282 roads have been rehabilitated in the last six months, just as it assured residents that the ongoing construction across the metropolis will be completed in due course. General Manager of the Lagos State Public Works Corporation (LSPWC), Engr. Ayotunde Sodeinde gave the assurance on Tuesday while briefing newsmen on the work done so far said that the State Governor, Mr. Akinwunmi Ambode’s desire is to see that the roads across the state are motorable. “We have done 282 roads since June 2015 till date. We have listed another 189 roads and anytime from now we would start. We would work every day and night to ensure we make life more comfortable for residents in the state”, he said.