Investors raise N1b for Banana Island project


An upscale firm, Sujimoto Construction has raised over One Billion Naira from local investors for its ongoing ‘mystery project’ in Banana Island, Lagos.

Banana Island has been adjudged as one of the most expensive  abode for the rich in the country, it boasts of the wealthiest  Nigerians as residents with  most of the structures  in Banana Island selling between N250 and N500 million for a terrace house. Newsmen  learnt that the firm is yet to fix prices to the terraces but from the design,  sophistication and quality of work observers say it may inch towards the  going price or lesser.

Experts say subscribers are banking on the profile of the company to pay even before actual delivery as a result of their consistency, little wonder they have raised the huge amount to the extent that the project has been oversubscribed.

The firm, Sujimoto Construction has lent credibility and confidence to the Nigerian Real Estate Industry, sources say the project, which has been kept a secret by Sujimoto boss,  Mr. Sijibomi Ogundele, is a development of extremely luxurious terrace houses in the heart of Africa’s most expensive neighbourhood.

However, a reliable source revealed that it will be an iconic project that surpasses the extravagant cliché of homes in Banana Island.  On the features of the houses, Ogundele said it is a home with 2 massive master bedrooms, 2 luxury and contemporary kitchens , 2 standard maid’s rooms and a private elevator in each unit.

He confirmed that this is a first of its kind in the country.  He said: “We have a standard and panache in delivering on our projects. What we are delivering is a home that encompasses a  unique and groundbreaking standards. Innovative feats sophisticated homes and extravagance splendor is our motto.”

The Sujimoto boss said they are engaging the best hands in the built-environment sector and the best of designs and materials from well-known architects and designers. On the materials to be used, he said they will as always pick the best leading factories in elevators, tiling, floorings from countries such as America, Spain, Italy, Turkey and Japan etc.

He believes that every organisation should identify its market and tailor their services to satisfy their audience. According to him from their several projects in upscale areas in Lagos the latest being the tallest building in Lagos constructed in Bourdillion, Ikoyi, they can’t but continue to devise ways to ensure their clients have quality for their investments.


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