GMH Luxury hosted an investment forum at Lagos Continental Hotel to enlighten experts in the real-estate sector about the company’s new Real Estate Investment Trusts (REITs) aimed at financing the construction of its massive housing projects across Nigeria and Africa.
The financing Scheme, tagged GMH Investment, is set to fund the development of over 100 housing units within the next 48 months, providing homeownership opportunities to families, reducing housing deficits across the country while simultaneously helping savvy investors manage wealth.
Speaking at the event which was themed, “Wealth Acceleration For The 21st Century Nigerian”, the CEO of GMH Luxury, Engineer Ayoolarenwaju Kuyebi, gave an insight into the beginning and technical background of the company. How the company’s strength and expertise is pilling and foundation for skyscrapers and tall buildings, an example is the Godmade connect court 3 in Ikate, Lekki phase 1 which is standing tall on ground plus eight floors, a world-class feat indeed!
“The real estate industry has continued to experience unprecedented expansion all through the decade, however with a populace of more than 200 million people, a good percentage are still without a roof over their head and considering the current constraints in construction, the supply still doesn’t meet the demand .”
“Likely causes of these are largely attributed to lack of funds to build, inflation and steady increase in the cost of building materials and skilled labour among many other issues. GMH Investment was created to directly address these issues technically. Through GMH Investment, investors can then put resources into real estate constructions which in turn will earn annual returns, the funds invested are used to construct affordable homes and acquire landed properties for development in various states across the Nation.
In attendance were several investors, amongst them was Mr Osaki Braide, the owner of the largest gas station in Port Harcourt, who gave blooming remarks about the company attesting to their integrity over the years.
The Head of Sales and Corporate Marketing, Mr Okeowo Olasubomi equally addressed the issue of pricing in the market;
Okeowo said; “at GMH our houses are built with the pocket of consumers in mind.
That is, we build to budget. For example, our 1 bedroom apartment in Lekki 1 is just 35 Million, unlike what is currently obtainable in the market.”
Bringing the Forum to a close, one of the directors of the organization, Mrs Elizabeth Bamidele admonished the attendees, in her word;
“GMH will help you accomplish your financial goals through real estate investment; as an organization that has existed for several years with an unmatched track record, we are confident to say that if it’s not creating or retaining wealth, then it’s not GMH