Odu’a enters real estate sector with N500 million Ace Estate
Odu’a Investment Company has re-entered the real estate business with the commissioning of N500 million Ace residential estate in Ibadan, the Oyo State capital.
Situated Jericho Road Ibadan, the estate is on 4,400 square metres of land comprising three luxury units of 5 bedroom duplex and four luxury units of 4 bedroom flats, tastefully designed with elegance and comfort to meet the needs of people who desire serene, safe and well secured accommodation.
Speaking at the commissioning, Adewale Raji, group managing director of Odu’a, said the estate was conceived and delivered as a flagship to announce the company’s re-entry into property development based on consumer demand and insights.
He noted that the element of creating a brand is crucial in putting up ACE Estate adding that “this edifice is an example of an insignia of a specific attribute of what describe us as a company. We are trying to re-define who we are, we want to be associated with quality, exquisite finished and appreciating and giving lifestyle to the people”.
“The ACE Estate is an architectural masterpiece quintessentially designed and tastefully furnished as a manifestation of aesthetics, quality and quality rolled into one by property development of Odu’a Investment Company Limited. The small community estate development has been modelled after other globally successful urban structures with the plan to fully integrate a self-sustaining municipality that incorporate first class infrastructure,” he added.
Raji said that Odu’a Investment will remain in the vanguard of upholding the common heritage of the Yoruba nation and will diligently execute its renewed mandate to be the engine room for the economic development and competitiveness of Western Nigeria.
“I wish to affirm that Board and Management team of Odu’a will continue to sustain the heritage bestowed on our generation by our founding fathers,” Raji said “Beside real estate, further Investment in the Agriculture and Agro Allied processing sectors will be intensified to ensure our region’s food security and serve as avenue for job creation and economic empowerment of our youth.”
In his address, Segun Ojo who is the chairman of Odu’a Investment Company said that the board and management of the company is set to resuscitate some of its derelict properties across the Western Nigeria.
Ojo added that commissioning of the Ace Estate was part of the Odu’a group ambition to engage in activities that would further “promote and enhance rapid economic development of the South West as per the mandate of our shareholders”.
“What we are witnessing today is a major milestone in the quest by Odu’a Investment Company limited to add quality investment into our real estate portfolio and also to what was bequeathed to us. It is a dream come true by the Board and Management of Odu’a to resuscitate some of its derelict properties across South Western Nigeria,” he said, stressing that the Ace Residential Estate “ is an architectural masterpiece uniquely designed to meet the taste of today’s market and situated in highbrow Jericho GRA, Ibadan. “ is unique in all standards.
Speaking further, Ojo said: “the Board and Management of Odu’a thought it wise to pull down the old derelict building sitting on a 4,400m of land which has become not only obsolete but uneconomically to give way to these seven duplexes.” “This Ace Estate has state of the art facilities, street and perimeter light,swimming pool, fitness centre , uninterrupted electricity and water supply, underground drainage system, stone paved roads and lots more”.
On his part, Kola Daisi, the pioneer chairman of Odu’a investment and the chairman of the event stated that the estate demonstrates the company’s commitment to be a contemporary and serious player in housing delivery considering the globally known huge housing deficit of Nigeria.
“This renewed foray in property development to add to Odu’a inherited portfolio is very commendable and will enhance economic development and the quality of life of our people across the states of Western Nigeria.”
He noted that the Odu’a conglomerate, inspite of several turbulence has remained the vanguard of upholding the common heritage of the Yoruba nation and with a renewed mandate to be the engine room for economic development and competitiveness of western Nigeria. Daisi said: “it is an uncommon grace of God to be well alive to witness the seed sown by our forebears since the 1950s that metamorphosed into Odu’a investment company limited in 1976 of which I was privileged to be pioneer chairman of the board for two years still flourishing today. “We are today witnessing the commissioning of ACE estate which is an architectural masterpiece quintessentially designed and tastefully finished as a manifestation of aesthetic, quality and luxury rolled into one.”
Akinremi Feyisipo, Ibadan.
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