Mixta Nigeria launches Affordable housing project; Beechwood Park Estate
Mixta Real Estate Plc. (“Mixta Nigeria”) has launched Beechwood Park Estate, in Lagos, Nigeria, in its latest venture into the affordable housing market. This launch comes on the heels of the completion of the first phase of Emotan Gardens in Benin, Edo State which offered homes at ₦5.2 million (equivalent of US$14,000).
Beechwood Park Estate was conceived in response to the increasing demand for quality and affordable housing in the city of Lagos. The development is also part of the prospective FHF (Family Homes Fund) partnership which would ensure the development of over 5,000 affordable housing units on Mixta’s land bank in Lagos.
The project is being developed on about 17 hectares land in close proximity to the already developed Beechwood Central and Adiva Plainfields Estates and only a 5 minutes’ drive from Lakowe Lakes Golf and Country Estate (off Km 35, along the Lekki Epe Expressway).
Upon completion, the development will offer extensive infrastructure including paved access road, water supply, storm waste management as well as open air spaces and community leisure facilities. On offer currently are serviced plots as well as 2- and 3-bedroom bungalows. The first set of units are currently under construction and will be completed in December 2019.
‘’There is a significant deficit in quality and affordable housing options in Lagos; there are currently very few developers offering a 2-bedroom house for sale with similar infrastructure for ₦13.5 million. For us, this is a game changer’’, says Mr. Deji Alli, CEO Mixta Africa.
Additional information is available on the Company’s website www.mixtafrica.com.
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About Mixta Africa
Founded in April 2005, Mixta Africa is a leading and active player in the fast-growing African Real Estate sector specialising in property development projects. The Company was established with the objective of responding to the existing housing deficit in the African continent and has long-term vision of becoming the foremost real estate developer in Africa.
With offices in Nigeria, Morocco, Senegal, Tunisia, Côte d’Ivoire, and Mauritania, as well as projects in Algeria and Egypt, Mixta Africa has a mission to create value for its clients by delivering innovative solutions. The Company has a 20-year track record of successful real estate and infrastructure development and a strong management team with over 280 years of combined experience. As of July 2019, Mixta held around 15 million sqm of landbank across all territories and has successfully completed more than 11,000 units.