Saturday, 24 August 2019

BIG REAL ESTATE DEVELOPER, LANDWEY INVESTMENT LIMITED, TAKES OVER VISTAFRONT

Foremost real estate development company in Nigeria, Landwey Investment Limited, has acquired 25% shareholding in Vistafront, a tech platform, for funding real estate projects online.

The Managing Director of Landway, Olawale Ayilara, while speaking with Tectono Business Review, stated that with the partnership, the firm could fully support investors to fund real estate projects.

According to the Landwey boss, Vistafront was established to give people the opportunity to fund real estate projects from the comfort of their mobile devices and earn returns at the end of the project cycle, considering that real estate projects are capital intensive.

In Ayilara’s own voice, “We are always proud when we spot opportunities for our clients and followers to be more involved in real estate projects that will give them the best returns for their money. We understand the need to continually evolve as we serve the industry. We are glad that with this partnership, we can fully support and encourage everyone to fund real estate projects.”

Ayilara, an alumnus of Lagos Business School, said Vistafront would gain from the wealth of experience that Landwey had garnered in the real estate business to inaugurate different projects that would be made available for funding on the platform.

He said, “There is an ongoing project called Bloom 1; it is a bridge financing for land acquisition for 14,000 square metres nested in the heart of Lekki Epe Expressway, Lagos State, Nigeria with 12 per cent return in six months.”

Ayilara went further to say that Vistafront’s mission would be to provide quality infrastructure for all. He added that one per cent of every unit funded by investors would go towards social infrastructure, impact project such as schools, community homes, hospitals and other social amenities accessible to the underprivileged.

The Managing Director of Vistafront, Segun Ajuwon, said the company had received positive feedback and it planned to continue to unveil new projects.

He stated that for every project the firm featured on the site, it had in place a strict vetting process carried out by its in-house team and other partners including Nachtwey Advisory Services Limited, Emerging Africa Capital Group, and AXA Mansard.

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