Expert Seeks Deeper Relationship Between Developers, Banks
A Chief Finance Officer Assethaus, Dayo Adenuni, has canvassed for a deeper relationship between developers and banks.
This was as he identified efficiency and good working capital as some of the ways developers can boost investors’ confidence in the real estate space.
Adenuni spoke at the maiden edition of Assethaus Investors’ Meet and Greet event held in Lagos recently.
He said, “We are reducing entry barriers for investors. In Nigeria, you find out that when you see houses, it looks like it’s basically for the wealthy, but we have been able to come out with a structured payment plan, where the working and middle classes can acquire apartments that generate cash flow on a monthly basis in short-let apartments. This has reduced the entry barrier for them and ensured the payment plan works with the level of their salary.”
On his part, Chief Executive Officer, Assethaus, Adebolu Mayowa, disclosed that the company is having a long-term plan of investing in multi-family units. He further revealed, “We are grounded in short-term hospitality. We are looking at investing in multi-family units and vertical housing that can help improve our stake in the sector.”
On his outlook for 2024, Mayowa shared the company’s plans, including the completion of Crestville Apartment II and a threefold increase in investor returns. Additionally, he disclosed there’s a strategic focus on multi-family unit investments and vertical business ventures to enhance overall company performance.
He added Assethaus is a registered holding company with a private equity structure that is long-term focused, which now holds all ownership shares of AM Reality Ltd.
Conclusively, he said, “our vision for this company has always been focused on the long-term, and we are not resting on our laurels when it comes to the achievements of the Crestville brand among other investments that we will be making.
“Despite the expected economic challenges associated with market-driven reforms initiated by the new administration, we have confidence in our company’s ability to weather the storm.”
