Developer Woos Investors To Calabar Green City Estate | Independent Newspapers Limited
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Developer Woos Investors To Calabar Green City Estate

Posted: Apr 12, 2016 at 3:00 am   /   by   /   comments (0)

Nkasiobi Oluikpe, Lagos

The developer of the N5bn Green City Estate, Calabar says a platform has been opened for investors to be part of the project in a bid to upgrade it to acceptable global green city standard.

The Project Supervisor, Green City Estate, Mr. Felix Adeduro, said the investment would generate employment as well as returns on investment.

The Green City Estate is a luxury development expected to have 406 buildings of four-bedroomed duplexes, three-bedroomed apartments and two-bedroomed units, with modern infrastructure estimated to cost N400m.

Adeduro said, “Calabar, the metropolitan host of the city, is one of the fastest emerging cities in the world. Key landmark facilities and tourist destinations in the host state include the Tinapa Business and Tourist Resort, the globally acclaimed Obudu Cattle Ranch, the first and only cable car facility in Nigeria, the Kwa Falls, the Agbokim Waterfalls and Reserves, Margaret Ekpo International Airport and the Mary Slessor Square, among others.

“More importantly, Calabar is projected to witness huge inflow of skilled people resulting from the change mantra of Nigeria’s new government. The bombardment of investments expected from the new administration in the state has opened up the metropolis’ development, attracting huge investments in infrastructure, tourism, hospitality, aviation, ports and sea transportation, tertiary education, oil and gas, and health facilities.”

He said Calabar had become a global investors’ destination, while the Green City Estate offered investors in real estate, commercial stores, events and entertainment centres, hospitality, staff housing scheme, student hostels and independent rental homes opportunities to reap financial returns from minimum investments.

“On completion, the Green City will be providing about 500 employment opportunities to skilled job seekers and over 1,000 openings for unskilled workers. Investors are now being listed for participation in the provision of various facilities as well as development of future houses in the city,” he said.