Real estate firm inaugurates N5.6bn estate for oil companies

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

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 estate, which sits on a three-hectare land space , is also fitted with a gym, water treatment plant, six transformers, swimming pool, recreation area and a mini-mall. The statement said, “The project, built in partnership with the Cooperative Societies of International Oil and Gas Companies, Shell, and ExxonMobil, had a 50 per cent buy-in of Shell Cooperative Society; 20 per cent buy-in of ExxonMobil Cooperative Society and 30 per cent buy-in from individuals. All apartments are sold out.”

At the inauguration and official handover of the keys to the cooperative societies, the Chief Operating Officer , Brains and Hammers Plus, Mr Omo Osobase, noted that the project was a testament to the three fundamental tenets of the company. He said, “When we announced this first-of-its-kind real estate development partnership with the cooperative societies of Shell and ExxonMobil in the third quarter of 2019, we were very clear on the task ahead and the audacity of our ambition.

 

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