CMB launches Zeeks Pearl residential apartment in Lagos

Smarting from a successful deal with the Pan African housing finance institution – Shelter Afrique, foremost real estate development company, CMB Building Maintenance and Investment Company Limited, has announced plans to boost its affordable housing development portfolio, with a residential estate in Apapa GRA axis in Lagos.
   
The estate comprises two blocks of 38 units of tastefully finished three bedroom apartments with a service quarter and two pent apartments. The estate will boast of facilities such as alternative power supply, potable water supply, adequate parking space, landscaped area, elevators, fire escapes, a serene environment and facility management services.
   
The project is coming on the heels of the directive by the Senate to the Federal Ministry of Works and the Nigerian Ports Authority (NPA), to immediately begin the process of removing structures on rights of way (motor ways) and other locations impeding smooth traffic flow across the country. 
   
With over 13 years experience and 18 projects across Nigeria, CMB’s latest addition is strategically located in Apapa, which is the major port of the city of Lagos, Nigeria, and is located to the west of Lagos Island, across Lagos Harbour. It accommodates three of the nation’s biggest seaports within its precinct. Set apart by its close proximity to the water, Apapa is divided into a commercial section and a residential neighbourhood, the serene Government Residential Area (GRA) where the estate will be located.
  
The senate insisted that the Federal Ministry of Works and the Lagos State Government immediately resumes the rehabilitation of the roads leading to the nation’s main ports in the Apapa area, with a view to tackling the gridlock menace there. 
  
This obviously has given a necessary flip to the improvement of the Apapa situation as all through 2016 the gridlock has been a thing of the past. The journey to Apapa is suddenly free and easy. With this underway, confidence has been renewed in the potential for new development and the market appetite for housing in the Apapa corridor.
   
The Managing Director of CMB, Mr Kelechukwu Mbagwu, who unveiling the residential estate in Lagos last week, said the decision to spread its business to the Apapa corridor is largely based on the company’s drive to be a fore-runner in reducing the nation’s current housing deficit.