Media

Elevating Affordable Housing Investments In Emerging Markets With Green Building

SOURCE: ECHOSTONE

Peridot Parkland Estate becomes the first post-construction project to receive EDGE Advanced in Nigeria.

International provider of affordable housing solutions, EchoStone, recently completed a community of 252 houses, Peridot Parkland Estate. This affordable housing community is the first in Nigeria, and among the first in Africa, to achieve EDGE Advanced certification at the final construction stage.

EDGE, an innovation of the International Finance Corporation (IFC), a member of the World Bank Group, reserves their advanced-level certification for projects that achieve excellence in green building. The houses of Peridot Parkland Estate have demonstrated 53% energy savings, 42% water savings, and 35% reduction in embodied energy in materials.

Continue reading

May 21, 2020 International, Nigeria

COVID-19: LAGOS, ECHOSTONE SET FOR VIRTUAL SHOWCASE OF HOUSING PROJECT

SOURCE: ALAUSA ALERT

The Lagos State government, in partnership with EchoStone Housing, will host a virtual showcase of  its first green and eco-friendly Estate located in Idale, Badagry as well as an online enlightenment programme on mortgage financing.

The Honourable Commissioner for Housing, Mr. Moruf Akinderu-Fatai, disclosed this today in a phone interview with the media, stating that the virtual showcase initiative became imperative as the State Government is desirous of moving ahead with its commitment to providing decent and affordable homes for the citizenry.

According to Akinderu-Fatai the Peridot Parkland Estate project, being showcased, has been completed and is available for delivery to the public.

Continue reading

April 20, 2020 International, Nigeria

Housing Deficit: EchoStone Plans 500,000 Homes

SOURCE: PUNCH NEWS

Real estate development firm, EchoStone Nigeria, says it plans to build 500,000 houses over the next 10 years using innovative technology as part of its contribution to reduce the country’s housing deficit.

The Director, EchoStone Nigeria, Mr Sammy Adigun, said with the company’s technology in building construction, it had the capacity to construct four units of houses in 14 days using one aerocrete machine.

He made this known during the visit of the Ambassador of Sweden to Nigeria, Carl Grans and Deputy Head of Mission, Sweden Embassy, Fanny Nylander, to EchoStone Nigeria’s facility which houses the prototype of a two-bedroom apartment constructed by the company.

Continue reading
February 3, 2020 International, Nigeria

Housing Deficit: Why Sweden, Others are Partnering with EchoStone Nigeria

SOURCE: DAILY TIMES

real As the housing deficit in Nigeria continues to grow, while affordability to home ownership, also, remains a serious challenge, countries across the world have seen reasons why they should partner with EchoStone Nigeria Limited, in order to provide affordable housing solution to Nigerians.

In fact, the current Managing Director/CEO, Federal Mortgage Bank of Nigeria (FMBN), Ahmed Musa Dangiwa had put the country’s housing deficit at 22 million units, and the bulk of that is in urban areas — Lagos, Port Harcourt and Abuja.

But speaking with the newsmen after inspecting a prototype of the EchoStone two-bedroom bungalow, at the Government Technical College, Agidingbi, Lagos, Swedish Ambassador to Nigeria, H.E Carl Michael Gräns has reiterated Sweden continuous partnership with EchoStone Nigeria.

Continue reading
February 3, 2020 International, Nigeria

Swedish Ambassador Reiterates Partnership with EchoStone Nigeria to Provide Affordable Housing Solution

SOURCE: LAGOS BUSINESS NEWS

swedish ambassador visit with echostone nigeriaAs the Federal Government of Nigeria and most of the states including the Federal Capital Territory (FCT) Abuja, combating with the nation’s high housing deficit, Sweden Ambassador to Nigeria, H.E Carl Michael Gräns has reiterated Swedish continuous partnership with EchoStone Nigeria, in providing affordable housing solution to Nigerians.

The current Managing Director/CEO, Federal Mortgage Bank of Nigeria (FMBN), Ahmed Musa Dangiwa had put the country’s housing deficit at 22 million units; and the bulk of that is in urban areas — Lagos, Port Harcourt and Abuja.

But speaking with the newsmen after inspecting a prototype of the EchoStone two-bedroom bungalow, at the Government Technical College, Agidingbi, Lagos, Michael Gräns was amazed that the firm could build houses in 14 days, which is cheap, eco-friendly and available for people in such a short time.

Continue reading
February 1, 2020 International, Nigeria