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MKH Properties Limited has formally signed a ₦30 billion Commercial Paper Programme, marking one of the most significant capital market moves by a Nigerian real estate developer in recent years.
The signing ceremony took place at Four Points Sheraton, bringing together the company’s senior leadership and representatives from Pathway Advisors Limited, the advisory firm that structured the transaction.
The programme positions MKH Properties to accelerate project delivery across its active portfolio while expanding into new development opportunities, with the company’s leadership signalling that this raise is the floor, not the ceiling, of its capital market ambitions.
The Strategic Intent Behind the Raise
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Dr Muibi Kehinde Hammed, CEO of MKH Properties, was direct about what the capital is for and where the company is headed. “The purpose of getting this money is for us to expand the horizon of the business. By the time we come back to the market, we are not going for this figure; we will be going for a bigger amount,” he said at the ceremony.
That statement carries weight in the context of Nigeria’s current real estate financing environment. With interest rates above 27% and construction costs rising sharply across the sector, access to structured capital at scale is increasingly what separates developers who can execute from those who cannot. MKH Properties is using this programme to put distance between itself and the competition.
The company already holds a Long-Term BBB+ and Short-Term A2 credit rating from DataPro, a distinction that few Nigerian real estate developers can claim and one that directly enabled this transaction.
A representative from Pathway Advisors Limited acknowledged the significance of that achievement at the signing. “For a company to be rated by two credit rating agencies is a whole lot of work. We are happy to work with them,” the representative said, underlining the level of financial rigour that MKH Properties has built into its operations.
Idowu Olukunle, Executive Director Commercial at MKH Properties, described the signing as a landmark moment for the brand. “This is a huge success for us as a brand, and I know that with the guidance of our CEO and every other effective management staff, we are going to perform and perform well,” he said.
Dr Muibi Kehinde Hammed reinforced that confidence with a public commitment to every stakeholder present. “Our vision is very valid, and we are not scared to take any step. Because our steps are guided by professionals. We don’t just make decisions. We take our time to make that bold decision,” he stated.
How Investors Can Participate
The first series under the programme is now open for subscription. The MKH Properties Series 1 Commercial Paper offers investors a structured, short-term fixed-income opportunity registered by the Securities and Exchange Commission of Nigeria.
The Series 1 issuance carries a yield of 25.0001%, a discount rate of 20.0110%, and a tenor of 364 days, with a unit price of ₦1,000 and a minimum subscription of ₦5 million. The offer closes on September 23, 2026.
For investors seeking fixed-income exposure backed by a rated real estate developer with a verifiable track record, this issuance presents a defined-term opportunity at a competitive return.
Subscription enquiries and investment documentation can be directed to Pathway Advisors Limited, the financial adviser, transaction sponsor, and lead arranger for the programme:
What This Means for the Market
Having grown since 2021 to manage a portfolio exceeding $50 million and deliver over 1,000 plots across 12 estates in Lagos and Ibadan, MKH Properties is now entering a new phase of its growth with the institutional infrastructure to match its ambitions. The ₦30 billion Commercial Paper Programme is not simply a financing event. It is a statement about the kind of company MKH Properties intends to be and the scale at which it intends to operate.
For investors and buyers tracking credible developers in Nigeria’s premium real estate segment, this transaction provides a clear signal of where MKH Properties is positioned and where it is going.
For further information, contact MKH Properties at [email protected] or visit www.mkhproperties.com.
Opeyemi
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