Real estate weekly- Mega gains for Infinity Trust and more
- Real estate developers, Infinity Trust. At their AGM held last week, announced that the company increased its housing loans to N2.42 billion in the last financial year, buoyed by an 8.51% increase in homeowners’ deposits. The result is a 3kobo dividend for its shareholders. Source
- Another real estate development firm, Landmark Corporate Reality Limited, has held the ground-breaking ceremony of its Queens Garden Estate in Isheri. The project promises to deliver 248 units in 10 months. Source
- The Executive floors of Transcorp Hilton Abuja are wearing a new look as the hotel completed its upgrade. With new technologies and amenities, the upgrade marks part of a $100 million investment. Source.
- The Federal Government’s housing scheme seems to have begun in earnest with the promise that Nigerians can own their houses with a N30,000 monthly mortgage plan. Mr Akande, special adviser to the Vice-President, explained that total cost of building the houses could be as low as N2.5 million. Source