The introduction of the Lagos-Calabar Coastal Highway has created alternatives for actual property development and funding alongside the Lagos coastal hall, with elevated demand and enhanced property values.
The Chief Marketing Officer of Palton Morgan Holdings, Ikechukwu Ugwu, acknowledged this after the inspection tour of its Paramount Twin Towers development in Lagos.
According to him, Paramount Twin Towers was conceived and development commenced earlier than the Coastal Road venture, however the emergence of the freeway has enhanced the attractiveness of the development and different properties inside its neighborhood.
“So Paramount Twin Towers began earlier than the Coastal Road, the introduction of the Coastal Road development in fact introduced plenty of benefits to properties inside that axis. Recall when the dialog across the Coastal Road began, plenty of builders needed to maintain on a bit to grasp authorities path across the Coastal Route.
“But I will say in terms of immediate impact, it of course not only impacted Paramount Twin Towers but every development happening in that axis because it further opened that location, right, and made it more attractive and desirable. And when you open a location such as that, automatically it affects valuation,” he stated.
He harassed that the development was designed to cater to high-net-worth people and discerning traders looking for luxurious, exclusivity and long-term worth.
He famous that the corporate’s imaginative and prescient was to create greater than a traditional residential funding, however an iconic development able to serving as an enduring legacy for its house owners.
“Buying a property is no longer just about investment for these people. It is about owning legacies that will outlive them and properties that align with their social status,” he stated.
The agency’s Group Commercial Director of Palton Morgan Holdings, Mumtaz Zaidi, disclosed that Paramount Twin Towers is strategically positioned roughly 200 metres from the Atlantic Ocean, providing residents from the third flooring upwards views of the ocean on one facet of the development.
Zaidi stated the venture contains two towers, with 79 flats in a single tower and 81 within the different, making a complete of 160 residential items.
He added that the Paramount Twin Towers venture is developed below Palton Morgan Holdings’ Grenadine Homes model, describing it as a luxurious residential and business development comprising two towers and 13 flooring, with roughly 160 flats.
“Most of them are two-bedroom and three-bedroom apartments over there. And even in two-bedroom, there are regular two-bedroom and there are premium two-bedroom apartments in Paramount Twin Towers,” he stated.
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