Lekki Gardens signs N25bn commercial paper

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Lekki Gardens Estates Limited has signed the N25bn commercial paper approved for the company by the FMDQ Security Exchange Limited. The signing ceremony was held at the company’s head office in Lagos.

“Real estate is very local; it is a matter of choice for the customers. This type of funding helps us assist our customers with pseudo-mortgage support. And it helps our business to strengthen the delivery system that we already have ongoing. That is the key thing we are trying to do- making our business stronger, more solid,and strategic in its ability to deliver to our esteemed customers,” he added.

Also speaking at the ceremony, the Managing Director, Boston Advisory Limited, Mr. Rotimi Balogun, described the commercial paper for Lekki Gardens as a step in the right direction as it would help enhance the process of bridging the housing gap in Nigeria. In her remarks, the Executive Director, Corporate Services and Business Support, Mrs. Emily Atebe, said, “Today represents a significant milestone for Lekki Gardens in our commitment to enabling the most significant number of people to make the most value of their property and property-related investments and in the process contribute to closing the critical housing gap. Funding is crucial in real estate development.”All rights reserved.

Source: News Formal (newsformal.com)

 

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May their commercial paper be as strong as the houses they build.

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