EkoCity Magazine brings you a short profile of the Top 30 Real Estate Developers in Lagos. Amongst other things, this is to highlight their efforts in the infrastructural development of Lagos State, spur you to contribute your quota to the development of Lagos State. We hope that individuals and organisation who seek to join the top leagues of Infrastructural developers in Lagos will find this useful.
Weyinmi Edodo the CEO of International Property Development Consortium (IPDC), who earned a BSc in Economics from the University of Port Harcourt and achieved a Harvard Business School Real Estate Certification, has made marked contribution to the Lekki and Lagos Island Real Estate markets; he has also acquired choice clientele listing from top Nigerian Commercial Companies, High Net Worth Individuals (HNI’s), Banks, Governmental and Sub-Governmental Agencies as a result. Some of his remarkable real estate developments include: TBNW Terraces in Lekki Phase 1, Pine Court Apartments by Femi Okunnu Estate in Lekki and Lotus Apartments in Ikate Elegushi, Lekki.
Founder and Chairman of the Chagoury Group, Gilbert Ramez Chagoury was born in Lagos, Nigeria on 8th January 1946. His parents, Ramez and Alice Chagoury were Lebanese immigrants who raised all their children in Nigeria, a country they had both come to love passionately. The Chagoury Group’s headquarters are based in West Africa. Its portfolio of activities include construction and property development, flour Mills, water bottling and purification, glass manufacturing, insurance, hotels, furniture manufacturing, telecommunications, IT, catering and international financing. The group is famous for the development of Banana Island (Ocean Parade Towers), the Eko Atlantic City and other top real estate developments around the country. The construction companies under their portfolio includes HiTech and ITB Constructions.
Mustapha Njie is the CEO Taf Africa Homes Limited. Taf Africa led the billionaire Gambian, is one of the leading property development companies on the continent of Africa. The Group’s track record over the years has won it numerous accolades both nationally and internationally. One of the prominent projects of the company in Nigeria is the Rivtaf Golf Estate in Port Harcourt consisting of villas, terraces and luxury apartments.
Mr. Kunle Tinubu
He leads the entire Trojan Estates Team. A seasoned administrator, Mr. Tinubu started his career with Ecobank Nigeria Plc. Prior to Trojan Estates he was one of the founding members of Ocean and Oil Services Limited, where he served in several managerial capacities in the operations/shipping department and later rose to be General Manager as well as Head of Trading Desk. He is an Alumnus of the Harvard Graduate School of Design [AMDP] program and has a first degree (combined social sciences) in Politics, History and Economics. Some of the current projects of the company includes: Royal Gardens Estate in Ajah, Peninsula Mall in Lekki, Peninsula Sports and Recreation club also in Lekki, Royal Gardens Estate in Abuja and the most recently introduced Troy Court a unique 24-unit apartment block development, located in the heart of the densely populated suburb of Aguda in Surulere, Lagos.
Dun Salami is the CEO of Admiralty Homes Limited. A Chartered Accountant, some of Dun Salami’s achievements includes real estate developments in Banana Island, Queen’s Court in Lekki, Silicon Valley in Lekki and Victory Court also in Lekki. On the portfolio of the company is Admiralty Estate on Tourism Road by Alpha Beach close to Chevron Lekki. He is currently one of the most potent forces in the Lekki Real Estate Development Sector. His accomplishments so far cannot be overlooked.
Otunba Olumide Osunsina
Otunba John Olumide Osunsina was born in 1963, in Abeokuta, Ogun State, Nigeria. He had his Secondary Education at the famous Barewa College Zaria and also at Abeokuta Grammer School where he took his WAEC and finished with division 1 in 1978.He then proceeded to Ahmadu Bello University Zaria, Kaduna State where he studied Building Technology. He graduated with Distinction in Diploma in Business Administration at the University of Lagos and has a Master’s of Business Administration from Abubakar Tafawa Balewa University, Bauchi.He is currently studying for an Msc in real estate from the University of Reading in the UK. Otunba Osunsina has vast experience in various challenging business endeavors including Dredging and under water services, Financial Intermediation, Construction and Real Estate Management. He has steered the wheels of Megamound Investment Limited as its Managing Director/CEO since year 2000 and has nurtured it into a multi-billion Naira diversified institution. The company are the developers of Carlton Gate Estate by Chevron Drive, Lekki and Lekki County Estate in Ikota, Lekki. Other developments of the company includes hotels and office complexes in different parts of the country.
Sade Gdadamosi is one of the strong female voices in the real estate business. Although, she is not always in the public glare like her politician husband, Babatunde Olalere Gbadamosi (PDP Gubernatorial Aspirant in 2011 and 2015 popularly known as BOG), her capacity to have delivered one of the most functional estates in Lagos (Amen Estate) is remarkable. She is the Financial Director of Redbrick Homes Limited the developers of Amen Estate. Just over a decade, Amen Estate located along the Eleko Beach Road in Ibeju, Lekki is today one of the reference points in terms of real estate developments on the axis.
In 2009, his housing projects were described as the most romantic homes in Lagos, in 2010, they got the elevated appellation of the best designed homes in Lagos by top real estate publications in the country. In 2014, they got the prestigious award for the Most Affordable Development of the year, the same was awarded to them again in 2015. Now, in 2016, the more improved versions of these homes are currently being referred to as the most functional and readily affordable luxury homes in Lagos. Tayo Sonuga, the CEO of Haven Homes is a trailblazer in the Nigerian real estate sector in the area of affordable luxury homes. His current project is the Richmond Gate Estate in Lekki, Lagos.
Yemi Idowu is not a face that you regularly see on the faces of newspapers or magazines, but he is one of the real estate development colossus of our time. He currently heads Aircom Nigeria Limited, an infrastructure development company that has facilitated the development of about 62 hectares of land in Lekki, Lagos. Within Twelve years of operating in the industry, Aircom has made tremendous achievements in the area of project management consultancy to assist its clients in the delivery of good quality houses and support infrastructure to the Nigerian populace. The company has successfully completed and delivered to various buyer groups several housing units in the following estates:- Northern Foreshore Estate in Lekki- A three phase project with several housing units, Friends Colony Estate in Lekki, Napier Garden Estate in Lekki, Egerton Place Estate in Lekki as well as Bourdillon Court Estate and Milverton Court Estate both in Ikoyi.
Prince Olu Okeowo
Sir Olu Okeowo is one great Nigerian that has done exceeding well for himself in his field of real estate development. The billionaire is the founder and chairman of Gibraltar Construction which operates in the highly revered in the property and real estate sectors where he plays big and equally dictates the pace. The philanthropist extraordinaire is reputed to be the most powerful real estate player in the whole of Ikoyi and its environs. Some of the completed prime and premium residential mansions of Gibraltar Construction includes: Abraham Court, Solomon Court, Grace, Emmanuel Court and Adejoke’s Court all in Ikoyi.
Tokunbo Ajayi holds a Master of Science Degree in Real Estate Development and Investment from the University of Greenwich, U.K; a Master of Law from the University of Lagos and a Bachelor of Law from Obafemi Awolowo University, Ile-Ife.
He currently heads Properygate Investment Limited, a real estate development company engaged in acquisition of sites for new development; existing properties for redevelopment; and rehabilitation of old properties to meet current functional requirements and contemporary appeal. The company is renowned for most of the major developments within Crown Estate in Lekki.
Oba Adeyeye Ogunwusi
The Ooni of Ife, Oba Ogunwusi although has recently come into prominence as a result of his emergence to the throne of the Yoruba cradle, he was never a minor in the real estate world. Through, his Gran Imperio Group, he was able to take Lagos real estate market by storm. He has been involved in Engineering, Procurement and Construction (EPC) locally and abroad for over 13 years and also actively involved in the development of over 2,500 housing units with various consortia of developers/promoters over the last 9 years in Nigeria. His flagship project was Jacob Mews Estate in Yaba, while others are Southpointe Estate, Northpointe Estate, Lakeview Park 1 and 2, The Grand Lake Estate, Golden Leaf Estate, Yello Estate, Midland Estate all on the Lekki axis. He is also the developer of Inagbe Grand Resorts and Liesure, a a first of its kind Resort on over 3 million square meter land within a 100 kilometer stretch Island along the Atlantic Ocean. Located just a few minutes away from Victoria Island.
Adetunji Ogunwusi, a graduate of Agric Economics from the University of Ibadan is the elder brother of the Ooni of Ife. He is the CEO of PrimewaterView Limited, a property development company that is presently rated among the first five indigenous property development companies in Nigeria. Prior to its incorporation in 2005, PrimewaterView Limited operated as an Investment and Real Estate Company. Its track record includes the development of various residential/commercial properties in Highbrow areas such as Ikoyi, Victoria Island and Lekki, Lagos Nigeria. Its foray into luxury apartments dates back to 2006 when it developed a block of 19units of 3 bedroom flats and semidetached houses for Exxon Mobil Staff Cooperative society within 12 months at Oniru Estate in Victoria Island Extension and the very popular PrimewaterView Gardens Phase I (107 units) in Lekki, Lagos.
The richest African woman, Folorunsho Alakija, is not resting on her oars to make more wealth. The group managing director of The Rose of Sharon Group which consists of The Rose of Sharon Prints & Promotions Limited and Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited is investing heavily in real estate. Among her numerous business investments is a real estate company called Dayspring Property Development Company Limited, which is currently developing her ongoing project, Rose of Sharon Towers. The building is located in Victoria Island, Lagos, with a magnificent view of Kuramo Waters and the Atlantic Ocean. There are three residential floors consisting 32 individual apartments of one, two and three bedrooms, all constructed to international standard and luxury finish. Sources also revealed she is investing a minimum of N29 billion on another property project in the Federal Capital Territory.
Top Nigerian Banker and Business Mogul, Jim Ovia is one of the personalities taking the luxury end of the Lagos property market by storm. Similar to how his Bank; Zenith occupies about half of Ajose Adeogun Street, Jim Ovia is also making landmark impressions in another section of Victoria Island (Ozumba Mbadiwe Road) with several super luxury real estate developments. Already contributing to the fast changing face of Ozumba Mbadiwe through his Quantum Luxury Properties Limited, Jim Ovia’s love for the road started with the development of the Civic Centre a little over a decade ago for the hosting of grand events and occasions. However, following the Civic Centre is his recently completed 15 storey Grade A office building known as the Civic Towers. Major upcoming projects from Jim Ovia’s Quantum Luxury Properties Limited on Ozumba Mbadiwe Road are the Marriots Hotel and the Twin Towers. The ten floors five star Marriots Hotel is to come with 200 bedrooms with amenities like a ball room, meeting and international conference rooms, Olympic size swimming pool, spa, health club, executive lounge and super specialty restaurant, while the fifteen storey Twin Towers will consist of two semi-detached towers with an overall construction area of 43,138sqm and 27,000sqm lettable floor space.
Following his retirement from UBA in 2010, Elumelu founded Heirs Holdings, which invests in the financial services, energy, real estate and hospitality, agribusiness, and healthcare sectors. In 2011, Heirs Holdings acquired a controlling interest in the Transnational Corporation of Nigeria Plc (Transcorp), a publicly quoted conglomerate that has business interests in the agribusiness, energy, real estate and hospitality sectors.
Elumelu was subsequently appointed chairman of the corporation. The company is at the forefront of a recently failed bid to redevelop the Falomo Shopping Complex.
Chief Rasak Akanni Okoya
Although he is well known for his Eleganza Industries entrepreneurial endeavours in Nigeria, the 72 years old also finds pleasure in property development something which has been reported that he started as a very early age.
Through RAO Property Investment Company, Chief Okoya has invested in properties in different parts of Lagos. His magnificent estate, Oluwanisola (The Lord creates wealth) Estate at Lekki/Ajah Expressway, Eleganza Gardens and Shopping Mall also in Ajah are part of his property investments. The Oluwanisola Estate, which is also described as an expatriates Estate because of the high number of expatriates living there, is well equipped with uninterrupted power and water supply, marble floors, central air-conditioning, sauna, lush gardens, billiard room, tennis court, swimming pools and lots more.
Rev. Olajide Awosedo
Rev. Awosedo came into the Real Estate business in 2001. His company, Grant Properties Limited is the proud owner of Goshen Beach Estate, Lekki and this is the first of its kind done by a wholly-owned Nigerian company. Today, Grant Properties Limited has on its stable Goshen Beach Estate, Lekki, Victory Park Estate, Lekki, Havilah Villas in Isheri, Oguri State and The Beautiful Gate Estate, Lekki. His company, Grant Properties Limited is the first company anywhere in the world to be granted approval by the United States Government, to develop an estate for the Foreign Service Nationals of its Embassy in Lagos.
Dillon Nigeria is an architechtural consultant / real estate development company located in both Lagos, Nigeria & The United States of America. Registered in Febuary 1995, with a rich history of clientele and amazing testimonial of developments and property sales. It is headed by (ACH) Gary Sanusi. Some of the completed projects of the company includes Abiola Court 1-7 all in Lekki, Ebeano Shopping Mall in Lekki, Dillon Court in Lekki and a host of other developments in and around Ikoyi.
Oba Adetola Emmanuel King
Oba Adetola Emmanuelking is the CEO of the fast rising real estate development company known as Adron Homes and Properties Limited. Some of the company’s estates include: Tresure Parks and Gardens, Glass House Estate and Treasure Golf and Estate all in Shimawa, Ogun State. Other estates of the company are: Town Park and Gardens, Imota, Ikorodu, Grandview Park and Gardens, Atan-Ota, Ogun State, Rehoboth Park and Gardens, Ibeju-Lekki and the newest one known as Manhattan Park and Gardens, Karu, Abuja.
Agboifoh Harrison, a former Banker is one of the fast rising real estate developers in Nigeria. He is the CEO of Landmark Corporate Reality Limited the owners of: Queens Parks Estate in Simawa, Mowe-Ofada and Isheri North. The company also owns Queens Park Estate in Abuja. Apart from real estate, Agboifoh Harrison, also has investments in freight forwarding and importation.
Tayo Fashogbon is a graduate of University of Ilorin and obtained his MBA in Management with the University of Leicester. He holds Directorship position in other companies namely, Vetra Ventures Limited, Landmark Corporate Realty Limited and Bluestone Realties Limited. He is an alumnus of the Executive Management Program at Harvard Business School, Boston, United States. He is the CEO of Portal Realties Limited the developers of Broadview Estate and Fair Haven Estate both in Abuja as well as Broadview Estate in Lekki, Ajah, New Life Estate in Agbara, Royal Garden City, Mowe Ofada and Green Housing Estate, Mowe Ofada.
Sijibomi “Sujimoto” Ogundele is the founder and lead partner of Sujimoto Group of Companies, which comprises of real-estate, finance and energy divisions. The organization operates offices in Paris, Accra, Madrid, Dubai, Riyadh, and Lagos. With the umbrella of Sujimoto Investment Ltd. and its principal partner, Yazeed Alrahji, Sujimoto has been able to bridge the venture capital industry with more than 47 successful business acquisitions and restructurings. As the Chief Executive Officer of Sujimoto Construction, a real estate development firm, Siji is one man to watch – as far as the revolution of Nigeria’s prime real estate sector is concerned. The company, which describes its obligation as bridging the gap in the provision of quality, affordable, and luxury buildings, that are analogous to modern cities and towns like Cape town, Monte Carlo, and Miami, has over the years proven its mantle in this highly competitive field. With its flagship development in Lagos known as the Medici by Sujimoto on Milverton Road, Ikoyi to the upcoming Lorenzo by Sujimoto on Bourdillon in Ikoyi, the company has shown that it is force to reckon with as far as luxury real estate development is concerned in Nigeria.
Mr Adeyinka Adesope is the Managing Director and Chief Executive Officer of Palton Morgan Real Estate Investment Limited. Prior to his appointment as CEO Palton Morgan holdings (Greenadine Homes), Adeyinka was the Managing Director/ CEO of Propertymart limited. Under his tenure MD/CEO PropertyMart, the business witnessed significant success. Mr Adesope has over a decade experience in the business world; Adeyinka has worked with both local and multinational companies and gained valuable experience in setting up a number of companies. Adeyinka has degrees and professional certifications in business management, building & construction management, land development, sales & marketing and leadership. He is an international member of National Association of Home Builders, Washington D.C, United State of America, and associate member of Nigeria Institute of Directors and a Fellow of the Institute for Government Research & Leadership Technology.
Although the company he heads, Lekki Gardens currently has legal upheavals as a result of a building collapse incident that caused the death of over thirty persons, Richard Nyong the CEO of the company is still a force to reckon with considering the portfolio of properties and real estate developments as his disposal. The company until the sad incident has delivered more than 2,000 housing units across the country with a promise to deliver more than 10, 000 units in the next four years.
Hakeen Ogunniran was appointed the Managing Director of the UPDC in January, 2010. Ogunniran, Lawyer, Chartered Secretary and Fellow of the Chartered Institute of Arbitrators holds LL.B, LL.M, and MBA degrees of the University of Lagos. UPDC today is one of the biggest real estate development company in Nigeria. Some of the mega developments of the company include: 1004 Estate in Victoria Island, Festival Mall and the Golden Tulip Hotel both in Festac, Cameron Green Estate in Ikoyi amongst others. The company today has some of the largest and most luxurious real estate projects in Abuja.