Lekki pearl estate presentation
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Transcript of Lekki pearl estate presentation
LEKKI PEARL
PRESENTATION
1. Introduction of the company
2. Introduction of key members of the team
3. The Project
4. The environment (Market stats, location updates
showing images)
5. Features
6. Benefits (either for Investment or Home ownership)
7. Payment Plan
8. Q & A
Agenda
Alphamead Development Company (“AMDC” or “Alphamead” or “The Company”) is a real estate
development and advisory firm with strong focus on providing services to middle tier income groups
in the areas of estate development, asset management and real estate advisory. AMDC leverages on
the experience and expertise of its parent company Alphamead Facilities and Management Services
Limited (“AM Facilities”) which is Nigeria’s leading facility management company and has been duly
recognized as the only ISO 9001-2008 certified facility Management Company in Nigeria.
About Us
COMPANY OBJECTIVES
The following are the objectives the company:
To offer innovative and unique real estate solutions to its clients in Nigeria and other
African countries.
To develop and build capacity for sustainable and quality service delivery in Nigeria and
other African countries where the company operates.
To create wealth and offer other unique values according to the specific needs of various
stakeholders.
To develop and implement a robust business model that meets international standards
and guarantees long term growth and development of the company.
ABOUT OUR COMPANY.
• Technical alliance with Cluttons LLP UK
• ISO 9001:2008 QUALITY MANAGEMENT CERTIFIED
• A diverse portfolio: Corporate Headquarters, Multi-tenant buildings corporate offices, Multi-level Luxury
Residential Apartments, Residential Estates, shopping complex, warehouse/distribution facilities.
• CORPORATE MEMBER OF THE INTERNATIONAL FACILITY MANAGEMENT ASSOCIATION AND THE BRITISH
INSTITUTE OF FACILITY MANAGEMENT
• Recently (March 2013) recognized as the 16th fastest growing emerging business in Nigeria by the Allworld
Network / TEF. (All world: Michael Porter, the renowned Harvard Business School Professor on Corporate
Competitive Strategy)
• Awards: Best HSE company of the year 2007 for SNEPCO (Medium Risk Level), IFMA Best FM Stakeholder – 2012,
Best Real Estate Service support company in Nigeria, 3Invest Real Estate Advocacy Group, 2013.
• MD emerged as the EY Entrepreneur of the Year 2013
• Current Staff strength : 350+ Turnover in 2013: 1.7 Billion Current Project Portfolio: 2.5 Billion
OUR PARTNERSHIPS WITH CLUTTONS LLP
• CLUTTONS IS OVER 250 YEARS IN BUSINESS
• MANAGES MAJOR ASSET FOR THE QUEEN OF ENGLAND AND
• 600+ staff worldwide
• 50 countries across Europe, the Middle East, Africa and Asia Pacific.
OUR PARENT COMPANY
PPILPrimrose Properties Investment Ltd
About Alphamead
COMPANY OBJECTIVES
The following are the objectives the company:
To offer innovative and unique real estate solutions to its clients in Nigeria and other
African countries.
To develop and build capacity for sustainable and quality service delivery in Nigeria and
other African countries where the company operates.
To create wealth and offer other unique values according to the specific needs of various
stakeholders.
To develop and implement a robust business model that meets international standards
and guarantees long term growth and development of the company.
About Us
OUR KEY AREAS OF INTEREST
RESIDENTIAL
• Middle Income Housing.
COMMERCIAL
• Retail Developments
• Hotels
• Commercial Office
SOCIAL INFRASTRUCTURE
• University Hostels
• Infrastructure
• Roads
• Bridge
About AMDC
•We deliver unique designs that are cost friendly
•Green buildings (Environmental consideration)
REAL ESTATE DEVELOPMENT
•Asset management
•Well-structured funding model
ASSET MANAGEMENT
•Effective project management team
•High quality standards
PROJECT MANAGEMENT
•Experienced facility management
•Preserve long term value
FACILITY MAINTENANCE
Key Members of the TeamWALE
ODUFALUBOB
DAGLISH (BRITISH)
Experience:Bsc Engineering ManagementC & G; Marine EngineeringOver 15 years experience in different projects
FEMI AKINTUNDE
Experience:Nestle NigeriaUBAShell Nigeria LtdOver 15years experience in facility management & property developmentMember of COREN, NSE, IIE, IFMA.
DAMOLAAKINDOLIRE
SHINAOLIYIDE
Experience:Bsc. BuildingMydas HomesAssociate, SankoreInvestmentsManager, Saunders DevelopmentHas several years of experience in the construction industryMember of CIOB, AIB
Experience:Bsc Quantity SurveyingMsc Information TechnologyQuantity Surveying roles in organizations like Kuramo Limited and Lekki Construction Company (LCC).
WALEOLUFORE
Experience:MBA Nottingham Trent University 17 years cognate experience handling various contracts and procurement management, Experience Shell Nigeria
Experience:MBABusiness Development and Regional Manager, BASSCOMExperienced in Business Development in the Building Industry.A member of CIS
BRIG.PRAVEEN KAPUR
SIDNEY OSILAMA
Experience:Mechanical EngineerHas several years of experience in the facility management and construction industry
Experience:B. EngMD, SPARHas over 40 years experience in the construction industry and has spent 15 years in Nigeria to gain local understanding
The Project is a 112 units of different housing types located at
Sangotedo area of Lekki with a total land space of 30,000sqm
The Project
To deliver affordable housing to match the following criteria
- Functional designs
- Cost Effective
- Quality & Environmental benefits
http://www.youtube.com/watch?v=H3pSNJ_DDe8
Lekki Pearl Estate Video link
The Location
Project Overview
NO HOUSING TYPE HOUSING DESCRIPTION TOTAL BUILDING FOOT
BUILDING LAND
SPACE
1 3 bedroom flat (36) Acropolis flats - Executive 3 bedroom flat with BQ
- All rooms en-suite
- Spacious kitchen
- Well finished apartments
135sqm 310 sqm
2 4 bedroom terrace unit (44) Alverstone units are 4 bedroom terrace with BQ
- 4 bedrooms , 5 toilets
- Spacious living room
- Master Bedroom with outdoor terrace and walk in
closet
- All rooms are en-suite
- Vistors room
- Service quarters and laundry room included
208 sqm 176 sqm
3 4 bedroom semi-detached unit
(24)
Arden villa - 4bedroom semi-detached
- Spacious living room
- Master Bedroom with outdoor terrace and walk in
closet
- Private study
- Outdoor dining
- All rooms are ensuite
- Service quarters and laundry room included
221 sqm 187 sqm
4 5 bedroom fully detached unit
(8)
Avista Villa - 5 bedroom fully detached
- Spacious living room
- Master Bedroom with outdoor terrace and walk in
closet
- Private study and general family study
- Outdoor dining
- Ample parking space
- All rooms are ensuite
- Service quarters and laundry room included
286 sqm 242 sqm
Our overriding principle was not to compete on the lowest price but on the most efficient
value created by the matrix of current value, comfort value of living in our houses, quality
of life value of living in our estate, product life-cycle value of the assets over time.
Conceptualization & Design
Theme Concept – Touching the earth lightly…
Conceptualization & Design
Theme Concept – Flats
Conceptualization & Design
Theme Concept – Flats
Conceptualization & Design
Theme Concept – Terrace
Conceptualization & Design
Theme Concept – Terrace- Ground Floor
Conceptualization & Design
Theme Concept – Terrace- First Floor
Conceptualization & Design
Theme Concept – Semi Detached
Conceptualization & Design
Theme Concept – Semi Detached – Ground Floor
Conceptualization & Design
Theme Concept – Semi Detached – First Floor Plan
Conceptualization & Design
Theme Concept – Fully-Detached
Conceptualization & Design review
Theme Concept – Fully-Detached – Ground Floor
Conceptualization & Design review
Theme Concept – Fully-Detached – First Floor
Ancillary Facilities have been strategically simulated to the design of the estate,
And they include the following
1. Events Centre: to accommodate up to 200 people for a wide range of events
2. Health Club: Gym and terrace bar (Club house)
3. Retail shops: 6 number 15sq. m shops for mini mart and pharmacy
4. Secured children’s play ground
Other features include
1. Alternative power supply: 24 hours power supply
2. Green Areas: mini parks
3. Well Demarcated Pedestrian Walk ways
4. Wide , Colourful paved Drive ways
5. Green area in front and behind every housing unit
6. Streets and garden lights
7. Fire Hydrant
8. Mail box for every housing unit
9. Strategic points for refuse collection
Project Overview
Milestone Achieved
How do I own a unit in Lekki Pearl?
Fill EOI form online or physically
Select your preferred housing
type
Select your payment plan
AMDC will send an offer
Execute the acceptance
Make the first commitment
A receipt is issued in favor of subscriber
Subsequent payment are
determined by action 3
Move into your house in 24
months
Project Timeline
Work Description
Commencement
Date
Schedule (All dates are in
2014) Expected Outcome
Activities P10 P50 P90 -
Site preparation Dec-13 Jan-14 Feb-14 Mar-14
Road Access,
Perimeter Fence, Site
filling
Designs,
Documentation and
Approvals Dec-13 Jan-14 Feb-14 Mar-14
Layout Approvals,
Building Plan
Approvals and
Approval Orders
Infrastructure
Development Mar-14 Oct-14 Dec-14 Feb-15
Water works, Street
Lights and
Electrification, Roads
and Drainages
Housing Development Apr-14 Jun-15 Sep-15 Nov-15
112 Units of Flats,
Semi-detached,
Terrace Duplexes and
detached units to be
delivered.
Project Timeline
Why Lekki Pearl Estate?
•Lekki has been defined as the NEW Lagos with increased governmentinvestment in the location into critical infrastructure such as Airport, Seaport etc
•The area would continue to attract more homebuyers due to increasinggovernment activity and the expanding business corridor in the area.
Great Location
•Due to concessions on the land, the development is budgeted to sell atprices of between 10% and 25% below comparable options
Competitively Priced
•Equity returns are conservatively estimated to be about 30%* for investors
Strong Return Potential
•The area has seen capital growth of 10% per annum historically
Strong Capital Appreciation Prospects
Lekki Price Movement
Recent Events in Lekki
Government investment
The Road
Travel time has reduced considerably to about 35mins from over 1hr
Retail activity
No more sleeping in traffic
Pricing comparables within 5 minutes
Our schemes deliver immediate value to our subscribers through theright pricing .
COMPARABLES WITH SIMILAR INFRASTRUCTURE
COMPARABLES ON LAND VALUE ONLY
25,000.00 23,809.52 23,148.15
14,660.49
-
5,000.00
10,000.00
15,000.00
20,000.00
25,000.00
30,000.00
Thomas Estate
Ajiwe Lekki Scheme II
Lekki Pearl
Thomas Estate
Ajiwe
Lekki Scheme II
Lekki Pearl
34,578.15 32,407.41
39,682.54
31,705.95
-
5,000.00
10,000.00
15,000.00
20,000.00
25,000.00
30,000.00
35,000.00
40,000.00
45,000.00
May Fair Gardens
Hi-life Estate Sangotedo Lekki Pearl
May Fair Gardens
Hi-life Estate
Sangotedo
Lekki Pearl
Benefits
BENEFITS
Affordable with low
entry cost
Site Pictures
BEFORE MOVING TO SITE
DURING SITE MOBILIZATION
STATUS OF LEKKI PEARL ESTATE SITE NOW
Site Pictures
Site Pictures
Site Pictures
Site Pictures
Site Pictures
Site Pictures
Site Pictures
AMDC is interested in providing a complete turnkey solution ranging from landacquisition to financing as well as construction.
•Selected Staff agree on terms and make contribution to their holding account with TBL to acquire their preferred house type.
STEP I
•TBL through IVAL advance AMDC payment for the building and collect subscribers contribution over 24 months
STEP II
•AMDC delivers housing estates.
STEP III
All payments will be made to the bank in respect of this scheme.
SUBSCRIBERS
SUBSCRIBERS
SUBSCRIBERS
Banking Partners –
TBL
AMDC
staff make contribution payment to banking
partners
Banking Partners receive deposit and advance
Developers with equity consideration
Developer receives funds and issues receipt in
favor of staff
Entry Options
Funding Options
Characteristics
17% Interest
Up to N50m
Short tenor
3 months processing time
Profiled project
Others
Characteristics
Up to N50m
Profiled Project
10-12% Interest
20 years tenor
Refinance options
Fixed and Possible variable
Interest
6 months processing time
NMRC
Characteristics
• 30 year tenor
• 6% Interest
• NHF Compliance
• Maximum limit – N15m
• Profiled Projects Only
• 12-24 months processing
time
NHF