Real Estate Firm Inaugurates N5.6bn Estate For Oil Companies- Nigeria

Real estate developers, Brains and Hammers, has inaugurated a 101-unit mixed housing development named, ‘Coopeast Beach Resort’.

A statement said the project, estimated to have cost N5.6bn, started in August 2019. A breakdown of the housing units included: 70 terraces; a block of six flats comprising three-bedroom each; 14 fully detached houses, and eight semi-detached houses. The three-hectare project includes a gym, water treatment plant, six transformers, a swimming pool, amusement area, and a mini-mall.

“The idea was developed in collaboration with the Cooperative Societies of International Oil and Gas Companies, Shell, and ExxonMobil, with Shell Cooperative Society holding a 50% stake”. 20 per cent buy-in of ExxonMobil Cooperative Society and 30 per cent buy-in from individuals.

The project was a testament to the company’s three core tenets, at the inauguration and official handover of the keys. This goal was based on our desire to give more than just a large number.

“Despite COVID-19 and the country’s economic circumstances we have weathered the storm to complete this project in less than the estimated 24 months”. “Today, we have commissioned units of three-bedroom flats, four-bedroom terrace duplex, four-bedroom semi-detached duplex, and five-bedroom detached duplex with BQ’s.”

-Punch.