| || Surbana International Property Location:Singapore Website: www.surbana.com |
Key to the transformation plan for the Company is the development of the Company’s latest acquisition and largest investment to date, the Lagos New Town Site. The Company is poised to embark on a formidable project which when completed will be the first privately managed global standard satellite town for Lagos.
To this end, the Company finalised arrangements with Surbana International Property from the Far East for the development of the New Town. The company, which is owned by the sovereign wealth fund of the Government of Singapore, is a one-stop solution provider in development integration, ranging from urban planning, architectural and engineering designs, land preparation, building technologies to management services.
Over the past 45 years, the company has been responsible for creating close to 1 million homes in Singapore and has a proven track record working with both public and private sectors. Surbana will bring to bear its expertise in the planning, execution and management of new municipalities and satellite towns across South East Asia, India, China, Middle East, Africa and Europe.
| || The Company For Habitat and Housing In Africa Shelter Afrique Location:Kenya Website: www.shelterafrique.org |
In order to provide affordable housing in Nigeria, the Company has also partnered with one of the development finance institutions, Shelter Afrique, on the Adiva Plainfields Project. Shelter Afrique was established in 1982 by a number of African governments, the African Development Bank, Africa-Reinsurance and the Commonwealth Development Corporation, with the mandate to mobilize resources for housing development in Africa
The organization will provide a construction facility and mortgage financing to buyers. The USD 7 million construction facility is the largest so far granted to a single developer in Africa.