LANDWEY RESIDENTIAL PROJECT FACES DELAYS AMID NIGERIAN ECONOMIC CHALLENGES
Landwey residential project is facing delays according to a press release dated June 9, 2023 and released by the company. This brings a new dimension to the industry as developers share important, even though disappointing, information with their customers and the general public. Observers have opined that this strengthens the Landwey Residential brand rather than diluting it as the frank statement by the company will go some way in modulating the expectations of the customers and the market. By matching expectations to the current reality, the Landwey Residential will continue to enjoy the confidence of the customer and the market.
Terraces at Terra Gardens
Monastery Road, Sangotedo, Lekki
Below is the text of the Press release.
“Landwey Investment Limited, a leading Nigerian real estate company uses this medium to update our clients and the general public, of unintentional delays in delivery of some of our projects.
As a renowned real estate development company which aims to provide premium lands and modern affordable housing to aspiring homeowners, with notable products to our name which imbibes uncompromised quality and ISO standards.
In August 2019, we embarked on an ambitious residential project to provide and deliver 2,000 housing units by 2024, a vision we still aim to achieve. Despite the company’s optimism at the start of the project we have been faced with unforeseen circumstancessuch as the COVID-19 pandemic and its resulting effects, coupled with Nigeria’s fluctuating economic factors and its economic repercussions, causing setbacks of unanticipated delays that have impacted our original timeline for some project delivery.
Coastal Town, Ibeju-Lekki
Despite these challenges, we have remained steadfast in our dedication to our clients, ensuring transparency and constant communication throughout this process. We have proactively engaged with customers, keeping them informed about the evolving situation and the progress of the projects.
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We acknowledge the frustration experienced of some clients awaiting the completion or their homes and continue to take proactive steps to address their concerns. We have and still offer various options for those who are unable to wait for the revised delivery timeline, demonstrating our commitment to customer satisfaction and loyalty.
Despite these hurdles, we are glad to have achieved a significant milestone by successfully delivering the first phase of the residential project. This accomplishment is a testament to the company’s unwavering commitment to the project success, quality and excellence. The completion of the first phase serves as a reassuring sign of LandWey’s ability to overcome challenges and deliver on its promises.
Currently, LandWey is diligently working on the second and third phases of the project, with completion dates set for the near future. Our efforts to expedite construction while maintaining high standards showcase the determination to fulfil our commitment to our clients.
The economic fluctuations experienced in Nigeria have undoubtedly posed challenges for LandWey, as they have for many businesses operating in the country, However, our transparency, constant communication, and commitment to finding solutionsis the hallmark of our integrity as a brand.
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LandWey’s ability to adapt to unforeseen circumstances while staying true to its vision is a test of our tenacity in an uncertain business environment. The company’s dedication to delivering affordable and modern housing options for Nigerians remain unwavering, and delivering on our promise to our clients fuels our tenacity even in the face of these economic challenges.
As the Nigerian real estate market continues to evolve, our resilience and commitment to excellence make us a trustod partner for prospective homeowners. Despite the delays encountered, LandWey is determined to overcome the obstacles and deliver projects that meet the high expectations of our clients.
With the completion of the first phase and progress made on subsequent phases, LandWey continues to prove its capability as a leading residential developer in Nigeria. Our commitment to transparency and proactive measures to address client concerns are a testament to our unwavering dedication to customer satisfaction.
LandWey remains optimistic and determined to overcome the challenges posed by fluctuating economic factors. Our dedication to open communication, flexibility, and the completion of the project in a timely manner will undoubtedly solidify our position as a trusted and reliable developer in the Nigerian real estate market
We thank our clients for their continued patience, understanding, and unwavering trust in the brand.
Sgn Management.”
Landwey residential project estates include Terra Gardens Urban Prime One to Four, The Apartment, and Hockley Lagos Millennial Town while it’s land portfolios include Future City, Milton, Westwood Lakes, Coastal Town, and Avalon Foreshore estates.