Business
Pearl Estate Opens At Ilupeju
The Afribank Estate Company Limited, a subsidiary of Afribank Nigeria Plc has finally commissioned its Pearl Estate at Ilupeju in Lagos, after several months of construction work.
Nebolisa Arah, the group Managing Director, Afribank Nigeria Plc, at the commissioning ceremony disclosed that each member of the group contributed to the success of the property outfit.
According to him “while Afribank Estate Company Limited packaged, promoted and developed the estate, the parent bank provided the funds, while the insurance company insured the development against risks.”
In his speech earlier, the Afribank Estate Managing Director, Mr. Charles Njoku who also is an engineer by training, stated that residents of the estate would enjoy amenities such as standby generators, mini-mart, fitted gymnasium, borehole and water treatment, swimming pool, intercom as well as telephone system.
The Pearl Estate is located on a premises that has housed Afribank Estate Company Limited for several years at Adekunle Odunlami Street within the Ilupeju axis of Lagos.
The Pearl Estate is made up of 12 units of exquisite residential accommodation, comprising of four units of four bedroom town houses each with a maid’s room and eight units of four bedroom semi-detached houses each with a room for domestic servants.
Also, each unit of the town houses carries a price tag of N60 million, while each unit of the semi-detached houses goes for N70 million as the case may be.