40 Years After acquiring the land from Oyo State Government, Odu’a Investments Limited has launched a new luxury residential estate valued at over N4billion in Ibadan.
The new estate, named Christened Westlink Iconic Villa, according to reports, consists of 104 mixed luxury residential buildings and 21 units of commercial outlets, is being delivered in partnership with an estate developing firm, Chapter 4 Nig. Ltd.
The buildings will sit on 3.8 hectares of land bordering the sprawling production plant of the Nigerian Breweries PLC on the highbrow Ibadan-Ife Expressway.
Welcoming guests and other stakeholders to the turning-of-sod ceremony at the weekend, Odu’a Group Managing Director, Mr. Adewale Raji, explained that the project was a continuation of the conglomerate’s re-entry into the real estate sub-sector of the economy with the goal of sustaining and expanding the heritage of Odu’a as bequeathed to the current generation.
He said the company would continue to offer the brand that met customer demand of luxury residential buildings.
“Today’s foundation-laying ceremony is a testimony to above vision, which has taken in a larger dimension to quicken the realisation of that noble objective of unlocking value from our inherited passive assets,” Raji said.
The Chief Executive Officer (CEO), Chapter 4 Nigeria Ltd., Mr. Shams Ogunmuyiwa, commended the management of Odu’a for showing the will to execute the project.
He promised the delivery of the project by March 2022 in line with top quality industry standard.
Oyo State Governor, Mr. Seyi Makinde, commended the two partners for choosing to site the estate in the state.
He emphasized that the state was open to business, stressing that the goal of his administration was to move it from poverty to prosperity.
He was represented by the Commissioner for Public Works, Infrastructure and Urban Transport, Prof. Raphael Afonja.
