‘We want to reinforce need for real estate to have dedicated recreational spaces for balanced community and healthy environment’
Cocoon Homes, incorporated in 2013, as a Joint Venture with Silk Invest UK Ltd, is an innovative real estate developer providing desirable homes in prime locations across Nigeria. Recently, Cocoon Homes partnered with Sustainable Cycling Foundation, organizers of the Lagos City Criterium to promote healthy living through cycling. FAROUK IMAM, managing director, Cocoon Homes, in this interview with Frank Uzuegbunam, talks about its sponsorship of the event and his aspirations for the real estate sector. Excerpts:
Can you tell us about Cocoon Homes?
Cocoon Homes was established in April 2013, with Silk Invest (a UK based fund manager) and Monument Development (a Nigerian Real Estate Developer) as founding shareholders. We are presently developing the Cocoon Atlantic Estate in Lagos State.
What facilities will you be offering occupants in order to promote healthy living?
The Company will begin the construction of Cocoon Atlantic Estate, located in Sangotedo Lekki, within the next few weeks. The development will have a total of 384 units comprising 3-bedroom apartments, 3-bedroom and 4-bedroom townhouses. Besides offering well-designed homes at competitive prices, Cocoon Homes promises to deliver quality as standard, lifestyle amenities and recreational spaces for adults and children which will enhance the quality of life of the residents. Cocoon Atlantic is designed to be an eco-friendly community with emphasis on functionality and nature. In line with this principle, we are providing solar energy as a key source of power to the community, sewage treatment facilities to eradicate pollution as is the case with large communities in Nigeria, and good water supply. The estate’s facilities will be professionally managed.
What is the relationship between Cocoon Homes and the Sustainable Cycling Foundation (SCF)?
We both believe in healthy living and the power of community! Cocoon Homes partnered with Sustainable Cycling Foundation, organizers of the Lagos City Criterium to promote healthy living through cycling. Cocoon Homes and the Sustainable Cycling Foundation are advocating for a change in the adoption of cycling in Nigeria through the provision of equipment, team sponsorship and supporting the cycling ecosystem. Our hope is that all of these efforts will ultimately lead to the development of a vibrant cycling culture in Lagos and in Nigeria as a whole.
We see that Cocoon Homes was recently involved in the inaugural Lagos city Criterium bike race as a key sponsor. Why did you decide to sponsor a sporting event as a real estate developer?
Cocoon Homes was one of the key sponsors of the Lagos City Criterium, and we decided to support this sporting event because it helped raise awareness on cycling at the grassroot and for the younger generation. We believe that cycling should be imbibed by all Nigerians for its positive attributes which include better physical and mental wellbeing. We are also using the sponsorship to reinforce the need for the real estate sector to have dedicated recreational spaces that will ensure a balanced community and a healthy environment overall.
What other CSR activities are you involved in?
Currently, our main focus is is our partnership with Sustainable Cycling Foundation (SCF) and that was why we sponsored the 2017 edition of the Lagos City Criterium and the Lagos Saddle Challenge. These events attracted cyclists from different locations across Nigeria. During the Lagos City Criterium, we unveiled our team jersey, an indication of our commitment to the promotion of healthy lifestyle.
Our parent companies are involved in other CSR activities, such as supporting maternal healthcare, clean water development projects and supporting small scale farmers. Cocoon Homes plans to expand its CSR activities to support these worthy causes across the country.
Do you promote cycling internally at Cocoon homes?
Absolutely. Charity begins at home. We encourage staff at all levels to go cycling at least 2-3 times week. Staff have access to modern Colnalgo road bicycles and a few of the more keen individuals have enrolled in the popular Lagos cycling club – cycology.
What outcomes do you expect when engaging in CSR activities?
Cocoon Homes and the Sustainable Cycling Foundation are advocating for a change in the adoption of cycling in Nigeria. We need to build a strong cycling culture in the younger generation in the country. Interestingly, children get initiated into cycling at a very young age by owning a tricycle, however, parents do not continue to develop their interest in the sports. A conscious effort at developing cycling will ultimately lead to a vibrant cycling community where cycling is accessible, safe and attractive to Nigerians.
What do you think about the future of cycling in Nigeria?
The future of Nigerian cycling is already here. We all need to play our part to give amateurs and the professionals hope. Cycling is a skill that can help people to find meaning and purpose in life and they would equally be useful to the society.
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