Odu’a to deliver N4.2bn estate in Ibadan in 2021

 AN 4.2BILLION estate, Westlink Iconic Villa, which is being constructed by Odu’a Investments Company Limited in Ibadan, the Oyo State capital, will be delivered in March, 2021, the company has disclosed.

The Group Managing Director of the conglomerate Mr Adebayo Raji disclosed this after a tour of the estate on Tuesday.

The project, which is being undertaken in partnership with the United Kingdom (UK)-based Chapter 4 Estate Management Limited, is at 70 per cent completion. It is being built on a large expanse of land opposite the Ibadan plant of Nigerian Breweries PLC on Ibadan-Ife expressway, Alakia area of the city.

Raji said the first-of-its-kind single estate, named Westlink Iconic Villa, will be delivered by the end of March 2021.

According to him, the estate is first of its kind in Ibadan in terms of the number of units in a single estate with modern facilities that include all independent and self-serving facilities. The estate, he explained, will accommodate 124 households.

His words: “This is a community where security is assured to all occupants. Since we turn the sod, work has not stopped on this site.

In the same vain, this will be sustained. This development is going on in two phases; Phase One is at a very advanced stage. It comprises  a total of 67 households made up of four types of housing model out of the total five housing models in the scheme. Phase One has five-bedroom detached units, four-bedroom semi-detached units as well as five-bedroom semi-detached units. The fourth type of model in Phase One is the three-bedroom flat and suite.

“Suite is used because from a comfort and luxury point of view, every room in a three-bedroom flat will have its own convenience- toilet, bathroom and that makes the distinction in terms of comfort and convenience which has been put into consideration in designing and delivering these houses. Even the flats are only on three levels of ground, first floor and second floor which also considers the convenience of occupants.

“We are developing phase one on the basis of making sure that by end of March 2021, a section called co-reserve would be completed and what would be left will be the three-bedroom flat apartment  which as we go shall be completed in earnest within 2021. In essence, these are the estate ready to go and the target we set for ourselves for completion  is on us.”

Raji further said  one of the ways of bringing economic development to a shareholder state is the construction of real estate, adding that real estate remains attractive in Oyo and Lagos states.

“In other shareholder states, it is their areas of comparative and competitive advantage that we are looking into in attracting investment in those states. And core to this, agriculture that includes commercial cultivation and processing of output into industrial as well as food material that can be consumed straight in the homes, making sure there is added value incorporated in our great programme and many other areas that Odu’a is also looking into.”

Speaking, the Director of Public Relations and Corporate Affairs, Chapter 4 Estate Management Limited, Mrs Reis Abiola, said sales of the property which is nearing completion has been very encouraging.

The estate will have eight 5-bedroom fully detached duplexes; eight 5-bedroom semi-detached  duplexes; six 4-bedroom semi-detached duplexes; 40 four-bedroom terraced duplexes; 60 three-bedroom apartments and 58 units of commercial outlets upon completion.