OICL, Aerofield Showcase Aurora Westlink Apartments in Lagos at Groundbreaking Ceremony
The Odua Investment Company Limited (OICL) is consolidating its business footprint especially in real estate with the showcase of its latest luxury apartments in Lagos called Aurora Westlink, orchestrated through its subsidiary, Wemabod, and developed by Aerofield Homes, its real estate partner.
The ongoing mega project under construction estimated to be sitting on about 11,117sq.m of land parcel and comprising of 54units of apartments was presented to stakeholders at a symbolic groundbreaking ceremony on Friday May 3 at the project site on Oduduwa crescent, Ikeja, Lagos.
The Aurora westlink Apartments boasts of an unparalleled masterpiece in the realm of luxury real estate exclusive project which sets an entirely new standard for elegance.
READ ALSO: Odua Group Declares N1.961 billion as Profit Before Tax
Speaking at the event, Otunba Bimbo Ashiru, Chairman, Odu’a Investment Company Limited (OICL), said the project was a strategic move by the group to further consolidate assets and maximise value to stakeholders in alignment with its renewed drive for enhanced structure and efficiency.
He enthused that for the group, there are more major projects coming within three years. “Our heritage projects are being enhanced in a sustainable manner through private sector partnerships. We have moved our real estate business to wemabod which we own 100%.
The group is now a holdco as our businesses are moved into the subsidiaries for improved performances and operational structuring. Our progress and growth is collectectively as a group and we are transforming the business because we mean business,” he explained.
In his address, Mr. Oluyemi Ejidiran, CEO, Wemabod noted that the project represented not just bricks and mortar but a testament to resilience, innovation, and unwavering commitment to excellence within the Odua Group and its subsidiaries
He stated, “The 1st phase of the AURORA WESTLINK ESTATE is a premium residential development comprising of total of forty units (40) sitting on about 7400sq.m. of lands and broken down to Twenty units (20) of 3-bedroom terrace apartments, Eight numbers of 3-bedroom Maisonettes, Eight units of four (4) and three (3) bedroom penthouses all with attached guest chalets.
“The 2nd phases sitting on about 3717sq.m of land parcel and comprising of another 14units of apartments of various typology and expansive recreational facilities such as swimming pool, football pitch, basketball court convertible to Lawn Tennis court and children playground.
“The two phases of the development are imbued with exquisite quality finishing standards 2nd to none in the vicinity of the project site.
“In a bold move that resonates with wisdom and foresight, the esteemed ODUA Group has opted to consolidate its real estate assets under the stewardship of Wemabod Ltd. This decision stands as a resounding testament to the group’s commitment to excellence and strategic foresight, recognizing the exceptional capabilities of the Professional Board and Management team at Wemabod Limited.
“Our target remains to optimize the management of assets, uphold the interests of shareholders, and drive sustainable growth. Together, we are poised to unlock new opportunities, drive innovation, and create enduring value for all stakeholders.”
Armstrong ‘Tope Akintunde, CEO, Aerofield, said the joint venture initiative between Aerofield Homes Limited and Odu’a Investment Limited, was geared towards reinventing class and luxury living in Nigeria high valued areas.
“As a major project in the whole of Southwest, the Apartments lays down unique home with utmost attention to details. From the designs concept, location, construction, down to the ‘key turning’, every aesthetic is designed to be pleasing and functional right from the get go.”
He also encouraged guests to participate in the Investment opportunities, as beyond capital appreciation, property offers multiple value.
Odua Group CEO, OICL, Adewale Raji said event was driven by consolidation of real estate business of OICL driven by clear analysis of market dynamics. “It’s an opportunity for shareholders and stakeholders to take advantage and maximise. Through wemabod as subsidiary, we are collaborating with partners like Aerofield to deliver value and envision a future of value and growth. We will offer guidance and synergy in the group as a cohesive team leveraging strength for shared success. Together we will continue achieving greatness in real estate and other sectors as we approach things with enthusiasm and shared strength.”
Also present at the event were representatives of all the six Southwest states, business leaders, captains of industries, other dignitaries from the region as well as Dr Muiz Banire, the Ikeja GRA CDA Chairman.
