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


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.

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February 1, 2020 International, Nigeria

Lagos Ignites Property Revival in Badagry


Lagos-badagry expressway

Abandoned to fate by successive governments, the ancient city of Badagry has been bereft of any meaningful property investment. However recent infrastructural developments spearheaded by the Lagos State government have ignited growing interests among investors in the once docile city.

With the discovery of oil, ongoing reconstruction of Lagos- Badagry Express way, relative peaceful environment, and cheap expanse of land, the axis is heralding a robust real estate development despite the lull in Nigerian property market. The historical city now offers a ray of hope for property investment with developers and realtors coming with different incentives to take the large chunk of the bounty.

The axis, comprises of Ajara, Mowo, Badagry, and Agemowo Village, is now witnessing investments in the excess of $5 billion with an avalanche of private developments.

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January 21, 2020 Nigeria

Badagry is the future of Lagos


Lagos State Government Officials and EchoStone Director in Peridot House

Lagos State Government Officials and EchoStone Director in Peridot House

Managing Director, Echostone Development Nigeria, Mr Sammy Adigun has described Badagry where Lagos State government is building its first green and eco-friendly estate as the future of the state, adding that the Echostone took advantage of the history of the town and available infrastructure to come up with the novel project.

Adigun stated this on Thursday during a site inspection of the Peridot Parkland Estate by Commissioner for Housing, Moruf Akinderu-Fatai before the close of the first quarter of this year. on Thursday in Badagry.

Adigun further urged people to buy houses in the estate now and pay later, as the value of the houses would double in the next five years.

Badagry is the future of Lagos. When you talk of Lekki 30 years ago, that is what Badagry is today, it is even 10 years away from blooming. The road passed you passed from the airport to this place is 68 kilometres, while from the airport to Ajah is about 80 kilometres, so it is actually closer to come. When the expressway is completed the travel time from the airport will drastically reduce.”

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January 21, 2020 Nigeria

EDGE Discovery Workshop: Green and Affordable Homes


Learn more about the free EDGE software and the benefits of EDGE certification for the residential market. This workshop focus on case studies of EDGE-certified homes in the affordable market, showcasing how practical green measures can keep the costs low but increase benefits for investors, developers and home buyers. EDGE has certified almost 60,000 residential units around the world.

The webinar was led by Rusmir Musić, the Global Business Development Lead for EDGE with a case study by EchoStone, an EDGE Champion with ambitions to develop thousands ogreen certified homes in Nigeria.

The webinar is co-sponsored by the Sustainable Buildings and Construction Programme of the One Planet Network, the Centre for Affordable Housing Finance in Africa and Habitat for Humanity.

January 8, 2020 International

First Eco-Friendly Community in Panama


Haciendas de San Antonio in PacoraArvec Anteproyecto and EchoStone are the developers of the first eco-friendly community in Panama, Haciendas de San Antonio in Pacora, certified by the global brand for environmental care EDGE (Excellence in Design for Higher Efficiencies), this being an innovation of the Financial Corporation International (IFC), a member of the World Bank Group, which evaluates, promotes and guarantees the construction of ecological communities around the world in a faster, easier and more affordable way to the buyer.

Hundreds of Panamanians will enjoy the privilege of living in a home that provides direct benefits to the economy of their home, in addition to collaborating with the care of the environment. Continue reading

January 8, 2020 Panama