Invest in Women: Accelerate Progress

The United Nations theme for International Women’s Day (IWD) underscores a poignant message for the real estate industry: “Invest in Women: Accelerate Progress.” As we honor the accomplishments of women in this vibrant sector, it becomes clear that investing in their development and empowerment is paramount. Let’s delve into the significance of this theme and explore how it aligns with the transformative potential of the real estate landscape.

THE POWER OF INVESTING IN WOMEN.

Investing in women in real estate isn’t just about fairness; it’s a strategic imperative with tangible economic benefits. Consider the following:

McKinsey Global Institute reports that companies with greater gender diversity on their executive teams experience 21% higher profitability, highlighting the correlation between diversity and financial success.

The National Association of Women Business Owners (NAWBO) estimates that women-owned businesses in the U.S. generated a staggering $1.9 trillion in revenue in 2022, showcasing the significant economic contribution of women entrepreneurs.

A 2020 Credit Suisse report found that companies with strong female leadership outperformed the market by 2.34% per year over the past six years, underscoring the positive impact of gender-balanced leadership on investment returns.

INVESTING IN WOMEN: TAKING ACTIONABLE STEPS

To truly harness the potential of women in real estate, actionable steps must be taken:

  1. Mentorship and sponsorship programs: Pairing experienced professionals with aspiring women provides invaluable guidance and support, paving the way for career advancement and success.
  2. Targeted funding and resources: Initiatives like the National Women in Real Estate (NWIRE) scholarships and grants help address the funding gap faced by women-owned businesses, empowering them to thrive in a competitive industry.
  3. Promoting diversity and inclusion: Companies can actively recruit and retain women, fostering a culture that values diverse perspectives and experiences, ultimately driving innovation and creativity.
  4. Empowerment programs: Organizations like Real Estate InvestHER offer training and development opportunities, equipping women with the skills and knowledge needed to excel in the real estate sector.

READ MORE: TOP 10 REAL ESTATE COMPANIES FOR HIGH-END HOMES IN LAGOS (2024)

ACCELERATING PROGRESS FOR A BRIGHTER FUTURE

By investing in women in real estate, we can achieve the following:

  1. Unlock the full potential of the industry: Embracing gender diversity leads to greater innovation and problem-solving, propelling the real estate sector to new heights of success.
  2. Create a more equitable future: Gender equality in real estate contributes to broader societal progress and economic growth, creating opportunities for all members of society to thrive.
  3. Build a stronger and more resilient industry: By embracing diversity and inclusion, the real estate sector can better understand and cater to the needs of a diverse population, ensuring long-term sustainability and resilience.

As we reflect on the significance of International Women’s Day and the theme “Invest in Women: Accelerate Progress,” we stand firmly committed to championing gender equality and empowering women in the real estate industry. By embracing diversity, fostering inclusion, and providing opportunities for women to thrive, we not only drive business success but also contribute to a more equitable and prosperous future for all.

Let us continue to take bold strides forward, recognizing the invaluable contributions of women and ensuring their voices are heard and respected in every aspect of our industry.

Together, let’s build a world where every woman has the opportunity to excel and where progress knows no bounds. Happy International Women’s Day!

For more information, please call us at +234 (0) 907 004 5555 or visit our website at www.cruxstone.com.ng

Top 10 Real Estate Companies for High-End Homes in Lagos (2024)

Forget the search party, we’ve got the treasure map! Lagos’s real estate scene is booming, and for those seeking a life of exquisite living, navigating the options can feel overwhelming.

But fret no more, discerning reader, for we’re here to unveil the top companies crafting Lagos’s most coveted high-end havens.

Gone are the days of settling for “just good enough.” The discerning investors crave luxury reimagined, and these companies are answering the call. From architectural masterpieces that redefine the city skyline to impeccably crafted sanctuaries offering unparalleled comfort, these companies are revolutionizing the Lagos luxury landscape. So, buckle up and prepare to be dazzled as we embark on a journey through the Top 10 Real Estate Companies for High-End Homes in Lagos (2024), each offering a unique vision of luxury living.

Cruxstone Development and Investment Limited

Cruxstone Development and Investment Limited stands as a beacon of innovation and excellence in Nigeria’s real estate industry. Established in 2017, Cruxstone has swiftly emerged as one of the fastest-growing high-end real estate companies in the country, with a track record of delivering prestigious properties including The Iconic Towers, Nautica Rise, Autograph Plus and the ultra-modern luxury living,G2. These properties redefine luxury living.

At the core of Cruxstone’s philosophy is a commitment to identifying and developing real estate opportunities in prime locations with significant growth potential and high resale value. Led by a team with over 30 years of combined management experience in real estate development and investment, the company prides itself on its ability to create blue-chip investment opportunities for discerning investors.

The Iconic Towers

What sets Cruxstone apart is its dedication to innovation and forward-thinking design. The company continually seeks out new markets and opportunities, leveraging its entrepreneurial expertise and strategic approach to create value for its clients. Whether it’s pioneering architectural designs or implementing sustainable building practices, Cruxstone is at the forefront of shaping the future of real estate in Nigeria.

Beyond development, Cruxstone is committed to providing unparalleled customer service and support. The company’s team of professionals works tirelessly to ensure that every client’s needs are met and that their investment goals are realized.

As Cruxstone continues to expand its presence and influence in the real estate market, it remains steadfast in its mission to redefine luxury living and create enduring value for its clients. With a focus on integrity, excellence, and innovation, Cruxstone is poised to lead the way in Nigeria’s ever-evolving real estate landscape.

Palton Morgan Holdings

Palton Morgan Holdings is a top real estate conglomerate in Nigeria, encompassing renowned brands like Grenadines Homes, PropertyMart, PM Capital, Mitcherutti, and Paltonloitte. Established in 2014, the company has revolutionized the real estate sector with its extensive portfolio of luxurious properties. Palton Morgan is known for creating master-planned communities and world-standard lifestyles, evident in prestigious projects such as The Rockhampton, L5 Banana Skyvilla, and Paramount Twin Tower. With a commitment to excellence and integrity, Palton Morgan has emerged as the foremost property development company in Nigeria by market capitalization.

Eko Atlantic

Eko Atlantic is a groundbreaking coastal city development situated on Victoria Island, Lagos, Nigeria. Spanning 10 million square meters of reclaimed land, Eko Atlantic represents a visionary project that has rapidly transformed from concept to reality. Equipped with state-of-the-art infrastructure and amenities, the city offers unparalleled investment opportunities and serves as a gateway to the emerging markets of the continent. With its visionary design and strategic partnerships, Eko Atlantic showcases Nigeria’s potential on the global stage.

READ MORE: NO GREE FOR ANYBODY: A RESOLUTE CALL TO ELEVATE YOUR REAL ESTATE INVESTMENT GAME THIS 2024.

Sujimoto Construction Limited

Sujimoto Construction Limited stands as a beacon of luxury in Nigeria’s real estate landscape. With a focus on premium neighborhoods like Ikoyi and Banana Island, the company has carved a niche for itself in redefining luxury living. Led by a team of indigenous and international professionals, Sujimoto constructs world-class buildings that embody sophistication and elegance. The iconic Lucrezia by Sujimoto, the tallest residential building on Banana Island, serves as a testament to their commitment to excellence. Apart from real estate development, Sujimoto also offers a range of investment services, including facility management, infrastructure construction, and interior decoration, catering to homeowners and investors alike.

Landmark Africa

Landmark Africa is a premier real estate and property development company with a diverse portfolio spanning over 130,000 square meters of mixed-use office, leisure, and residential space. Since its establishment in 1997, Landmark Africa has been at the forefront of providing top-tier serviced offices, real estate development, and market research services to a wide array of clients, including multinational corporations. With a focus on the entire real estate development life cycle, Landmark Africa is synonymous with luxury and comfort, exemplified by iconic projects like Landmark Beach, Landmark Boulevard, and Landmark Hotel Apartments.

Brains and Hammers

Established in 2006, Brains and Hammers has become synonymous with luxury and comfort in Nigeria’s real estate industry. Specializing in high-end infrastructures, the company delivers unparalleled experiences for its esteemed clients through innovative designs and top-notch quality. With a dedicated team of professionals, Brains and Hammers continues to set new standards in the industry, offering a range of services from property development to investment solutions. The CoopEast Project, inaugurated in 2022, exemplifies their commitment to excellence, catering specifically to oil and gas companies. Beyond development, the company provides investors with attractive annual interest rates and buy-to-rent options, ensuring maximum returns on investments.

Mixta Africa

Mixta Africa, a subsidiary of the ARM Company, has established itself as a leading real estate firm across the continent. With operations in multiple African countries, including Nigeria, Senegal, and Morocco, Mixta Africa has developed over 16,500 residential and retail units. Their projects, such as the prestigious Lakowe Lakes Golf and Country Estate, are renowned for their luxury and world-class standards. Mixta Africa’s commitment to bridging the gap across all social classes is evident in their initiatives, providing luxurious living options for both high and average-income individuals. Their communities, like Lakowe Lakes Golf and Country Estate, Beechwood Estate, and Advia Plainfields, offer residents a lifestyle of sophistication and comfort, making Mixta Africa a leader in luxurious real estate development.

UPDC Plc

UPDC Plc, short for UACN Property Development Company Plc, is a prominent real estate development company in Nigeria. With a rich history dating back to its establishment in 1997, UPDC has played a significant role in shaping the real estate landscape in the country. The company is a subsidiary of UAC of Nigeria PLC, a diversified conglomerate with interests in various sectors of the economy. UPDC focuses on developing high-quality residential, commercial, and mixed-use properties across Nigeria, with a reputation for excellence and innovation. Through strategic partnerships and collaborations, UPDC has successfully delivered numerous landmark projects, contributing to the growth and development of urban centers in the country.

The Autograph Plus: Cruxstone’s Timeless Edifice in Victoria Island

Cappa and D’Alberto Ltd

Cappa and D’Alberto Ltd is a renowned construction and civil engineering company with a long-standing presence in Nigeria. Established over 80 years ago, the company has earned a reputation for delivering high-quality construction projects across various sectors, including real estate, infrastructure, and industrial facilities. Cappa and D’Alberto Ltd are known for their expertise in executing complex construction projects, leveraging advanced technologies and best practices to ensure timely completion and superior quality. With a diverse portfolio of successful projects spanning residential, commercial, and institutional developments, the company continues to be a trusted partner for clients seeking reliable and efficient construction solutions.

Novare Real Estate

Novare Real Estate stands as a leading investment solutions provider, with a strong presence across Africa. With a focus on luxurious real estate, the company has invested significantly in Nigeria since its inception in 2012. Notable among its projects is the Novare Lekki Mall, one of the largest retail malls in Nigeria. Committed to providing high-quality retail and commercial properties, Novare Real Estate has earned a reputation for excellence and customer service. Their diverse range of solutions, including Real Estate Funds and Impact Investing Funds, caters to the varied needs of investors, making them a top choice in the luxury real estate development sector.

In conclusion, the Nigerian real estate market is experiencing a renaissance, with a plethora of top-tier companies reshaping the landscape of luxury living in the country. From established giants to up-and-coming powerhouses, each developer brings a unique blend of vision, expertise, and innovation to the table. Whether it’s creating iconic landmarks, pioneering sustainable design practices, or delivering unparalleled customer service, these companies are setting new standards of excellence in the industry.

For more information, please call us at +234 (0) 907 004 5555 or visit our website at www.cruxstone.com.ng

Real estate investment

NO GREE FOR ANYBODY: A RESOLUTE CALL TO ELEVATE YOUR REAL ESTATE INVESTMENT GAME THIS 2024.

In the vibrant heartbeat of Nigeria, a mantra echoes, transcending the ordinary and defining the spirit of a determined nation: “No gree for anybody.” This resilient declaration, far more than a mere phrase, encapsulates the essence of independence, self-determination, and the unyielding resolve to overcome challenges. 

Also, in the realm of real estate, “No gree for anybody”- a rallying cry that resounds as an anthem for those propelling their real estate investments to new heights-embodies a refusal to be constrained by limitations, whether they be economic uncertainties, market fluctuations, or the myriad challenges that real estate investors might encounter. It’s an affirmation of not succumbing to doubts or external pressures. Instead, you forge ahead, driven by a clear vision, tenacity, and a commitment to turning challenges into triumphs.

As we explore this mantra in the context of real estate investment, we delve into strategies that align with this spirit.  Join us on this journey as we unravel the layers of meaning behind this mantra and discover how it intertwines with the aspirations and endeavors of forward-thinking real estate investors, poised to make their mark in 2024.

Embracing Independence in Real Estate Investment

In the complex landscape of real estate, characterized by diverse options and market intricacies, “No gree for anybody” represents a bold move towards embracing independence in decision-making. It underscores the importance of investors taking charge of their choices, relying on their judgment, and resisting external pressures or trends that might not align with their individual goals.

This spirit of independence encourages investors to conduct thorough research, analyze market trends, and make decisions that resonate with their vision. It signifies a departure from the notion of blindly following conventional wisdom and instead advocates for a personalized approach to real estate investment.

Breaking Away from Conformity

This symbolizes a pivotal moment where investors are breaking away from the shackles of conformity. Rather than adhering to traditional norms and expectations, the mantra urges individuals to think outside the box, explore innovative strategies, and diversify their investment portfolios.

Breaking away from conformity in real estate means exploring unconventional opportunities, being open to emerging trends, and challenging the status quo. It’s about recognizing that the real estate market is dynamic, and success often lies in the ability to adapt to change and embrace new paradigms.

Standing Firm Amidst Market Dynamics

The real estate market is a dynamic arena with fluctuations influenced by economic trends, societal shifts, and global events. “No gree for anybody” serves as a guiding principle for investors to stand firm amidst these market dynamics. It encourages resilience and the ability to weather uncertainties while maintaining a long-term perspective.

Standing firm doesn’t imply rigidity; rather, it emphasizes the importance of informed decision-making. Investors are encouraged to stay informed about market trends, anticipate shifts, and adjust their strategies accordingly. This resilience is a key factor in building a real estate portfolio that withstands the test of time.

Read more: The Benefits of Investing in a Waterfront Development

Elevate Your Investment Game

Investing with independence goes hand in hand with elevating one’s investment game. This involves a commitment to continuous learning, staying abreast of industry developments, and seeking growth opportunities. Elevating the investment game is not just about financial gains but also about personal and professional development as an investor.

This call to action encourages investors to set ambitious goals, think strategically, and consider a diverse range of investment options. It involves adopting a proactive approach to investment, leveraging technology and data analytics, and seeking guidance from experienced professionals to make informed decisions.

Conclusion

The mantra “No gree for anybody” encapsulates a transformative approach to real estate investment in 2024. It’s a declaration of independence, a commitment to breaking away from conformity, and a call to stand firm amidst market dynamics. Elevating the investment game becomes a natural progression, especially with Cruxstone as a steadfast partner in this journey.

We stand as a reliable ally in this journey of elevating your real estate investments. With a proven track record of excellence, innovative solutions, and a commitment to client success, we provide a supportive environment for investors looking to navigate the complexities of the real estate market.

As a trusted partner, we offer not only real estate opportunities but also valuable insights, market intelligence, and personalized guidance. Our expertise becomes an invaluable resource for investors seeking to make well-informed and strategic decisions.

Invest with us today and get on the path to a better financial future.

For more information on who we are and what we do, please call us at +234 (0) 907 004 5555 / +234 (0) 907 004 2222 or visit our website at www.cruxstone.com.ng

The Benefits of Investing in a Waterfront Development

Lagos, a bustling epicenter of dynamism in Africa, pulsates with vitality and inevitably, an ascending cost of living. The city’s allure is underscored by a burgeoning population, rapid economic growth, and the challenge of limited land availability. Within this urban mosaic, waterfront development in Lagos emerges as coveted investments, presenting a plethora of advantages for savvy investors.

High Appreciation Potential

The demand for waterfront properties in Lagos is robust and poised for continual growth. Fueled by the city’s restricted land supply and rapid economic expansion, these properties are strategically positioned for sustained appreciation. According to PwC’s recent report, the Nigerian real estate market is forecasted to experience a 10% CAGR over the next five years. Notably, Victoria Island, a prominent waterfront submarket, is anticipated to surpass the overall market with a CAGR of 15%.

Luxury Lifestyle

Investing in waterfront development in Lagos unfolds the gateway to a lavish lifestyle. These developments often feature an array of amenities, including swimming pools, gyms, tennis courts, and private boat docks, making them highly appealing to those in search of a second home or vacation property. The added allure lies in the panoramic views of the Lagos skyline and the Atlantic Ocean, promising a life of opulence and relaxation.

Strong Rental Demand

Waterfront properties in Lagos command substantial rental demand, especially from expatriates and business travelers frequenting the city. Lamudi’s recent findings reveal an average rental yield of approximately 10% for waterfront properties in Lagos, surpassing averages in other parts of the city.

In the heart of this vibrant city, waterfront properties stand as not just investments but gateways to a life of enduring luxury, promising both substantial returns and an unparalleled lifestyle.

Read more: Cruxstone received the prestigious Iconic Real Estate Developer of the Year award

Investment Diversification

Investing in a waterfront project in Lagos goes beyond the promise of an opulent lifestyle and lucrative rental potential. It introduces a strategic move towards investment diversification. Real estate, renowned for its relatively uncorrelated nature to traditional asset classes, acts as a sturdy hedge against inflation and market downturns. In a diversified portfolio, this can provide stability and sustained growth even when other sectors experience volatility.

Tax Benefits

The Nigerian government sweetens the deal for real estate investors by offering enticing tax benefits. These include capital gains tax exemptions for properties held for over five years. Moreover, there are depreciation allowances for rental properties, making real estate investment in Lagos not only financially rewarding but also tax-efficient.

Economic Growth

Lagos, standing as one of the fastest-growing cities globally, is poised for continuous economic expansion. This growth translates into the creation of new jobs and opportunities, consequently fueling the demand for waterfront properties. As the economic hub of Nigeria, Lagos ensures a vibrant real estate market, making it an ideal destination for investors seeking sustained appreciation and returns.

Infrastructure Development

The significant investments made by the government in infrastructure development further enhance the appeal of investing in waterfront properties. New roads, bridges, and airports contribute to improved accessibility, making waterfront living not just a luxury but also a practical and attractive choice. This emphasis on infrastructure signifies a commitment to sustainable urban development, adding long-term value to real estate investments in Lagos.

 

In conclusion, investing in a waterfront project in Lagos isn’t just about acquiring property; it’s a strategic move toward a portfolio enriched with high appreciation potential, a luxurious lifestyle, robust rental demand, diversification benefits, tax advantages, and exposure to a rapidly growing economy. As you contemplate this lucrative investment, ensure meticulous research and align with a reputable developer. Tailor your choice to both your budget and personal needs. Your journey into waterfront living begins with a well-informed decision. Consider Nautica Rise by Cruxstone for a blend of luxury and investment potential.

Explore the possibilities at Nautica Rise. For more information, please call us at +234 (0) 907 004 5555 or visit our website at www.nauticarise.com. Your coastal dream investment awaits.

Cruxstone received the prestigious 'Iconic Real Estate Developer of the Year' award at the Africa Advancement Forum

Cruxstone received the prestigious Iconic Real Estate Developer of the Year award

Cruxstone received the prestigious ‘Iconic Real Estate Developer of the Year’ award at the Africa Advancement Forum on October 15, 2023, recognizing our commitment to excellence. This significant accolade stands as a testament to our relentless commitment to reshaping the landscape of real estate. We owe this success to the unwavering support and trust of our valued community.

The Africa Advancement Forum serves as a distinguished platform dedicated to fostering and promoting dialogues surrounding public-private partnerships that aim to enhance Africa’s economic prosperity. This remarkable event took place on the 15th of October at the illustrious Eko Hotel and Suites in Lagos, Nigeria.

Under the overarching theme of “Africa Unleashed: Shaping a New Trade Paradigm,” this year’s forum sought to catalyze Africa’s journey towards unprecedented economic development, achieved through groundbreaking trade strategies and fruitful collaborations. The Africa Advancement Forum, through its endeavors, has played a pivotal role in nurturing constructive discussions and steering positive transformations in Africa’s economic landscape.

Cruxstone received the prestigious 'Iconic Real Estate Developer of the Year' award at the Africa Advancement Forum 

At Cruxstone, we are honored and humbled by this recognition, which reinforces our commitment to excellence in the real estate sector. We extend our gratitude to our valued clients, partners, and the entire team for their continued trust and support.

This award serves as a beacon, guiding us to continually strive for innovation, integrity, and excellence in every aspect of our work. We remain dedicated to delivering top-tier real estate solutions that not only meet but exceed the highest standards, setting new benchmarks in the industry.

As we move forward, we are more resolute than ever in our mission to create exceptional living spaces and investment opportunities that make a significant impact on the real estate landscape. We believe that through innovation, collaboration, and unwavering commitment, we can be a driving force in the transformation and progress of Africa’s real estate industry.

READ MORE: Cruxstone Development & Investment Ltd. Honors Vice President, Yemi Osinbajo With Sterling Leadership Award

The “Iconic Real Estate Developer of the Year” award is a testament to what can be achieved when passion, dedication, and vision converge. It represents a milestone on our journey, but it is by no means the final destination. We are excited about the possibilities that lie ahead and look forward to sharing this exciting journey with you, our valued supporters.

Once again, thank you for your trust, and we are thrilled to have you by our side as we continue to redefine the standards of real estate and contribute to Africa’s advancement.

Cruxstone Development and Investment Limited is a metropolitan real estate development and management firm with a proven track record of developing high-end and profitable real estate developments. Invest with us today and get on the path to a better financial future. For more information on who we are and what we do, please call us on +234 (0) 907 004 5555 or visit our website at www.cruxstone.com.ng.

Dr. Adetoro Bank-Omotoye, CEO, Cruxstone Development and Investment Limited, Presents Sterling Leadership Award to Vice President of Federal Republic of Nigeria, Professor Oluyemi Osinbajo

Cruxstone Development and Investment Ltd. Honors Vice President, Yemi Osinbajo with Sterling Leadership Award

L-R: Cruxstone CEO, Dr. Adetoro Bank-Omotoye and Vice President of FRN, Professor Oluyemi Osinbajo
L-R: Cruxstone CEO, Dr. Adetoro Bank-Omotoye, and Vice President of FRN, Professor Oluyemi Osinbajo

The award celebrates Osinbajo’s exemplary leadership in Nigeria’s economic management, social intervention, digital transformation, and justice reforms.

His Excellency, Professor Yemi Osinbajo, SAN, GCON, Vice President of the Federal Republic of Nigeria, was presented the prestigious Sterling Leadership Award by Dr. Adetoro Bank-Omotoye, CEO of Cruxstone Development and Investment Limited in partnership with the Nigerian Achievers Award Institute.

This prestigious accolade celebrates Vice President Osinbajo’s exemplary leadership in various sectors of governance, including economic management, social intervention, digital transformation, security, and justice reform. The award highlights his dedication to improving the lives and livelihoods of millions of Nigerians, his commitment to national unity and dialogue, his embodiment of integrity and excellence, and his significant contributions to the “Ease of Doing” business in Nigeria.

Vice President, Yemi Osinbajo has consistently demonstrated innovative leadership skills across multiple domains, cementing his reputation as a visionary statesman. His expertise in economic management has been instrumental in steering Nigeria’s growth and development. Through his tireless efforts, he has championed initiatives that have positively impacted the nation’s economy, including the implementation of the National Social Investment Program, the Economic Sustainability Plan, and the Niger Delta New Vision. These initiatives have uplifted the lives of countless Nigerians, particularly the underprivileged, and have paved the way for a brighter future.

“At Cruxstone, we share the same vision and values as Vice President Osinbajo. It is only by harnessing the power of leadership and collaboration that we can create a better future for our country.””— Dr. Adetoro Bank-Omotoye.

Dr. Adetoro Bank-Omotoye, the company’s CEO, remarked that “We are honored to present the Sterling Leadership Award to Vice President, Yemi Osinbajo, who is a true embodiment of excellence, integrity and service. He has shown remarkable leadership and dedication in steering Nigeria towards a more prosperous, sustainable and inclusive future. He is an inspiration to millions of Nigerians and Africans who aspire to make a positive difference in their communities and the world.”

Dr. Adetoro added: “At Cruxstone, we share the same vision and values as Vice President Osinbajo. We are committed to providing innovative solutions that address the real estate challenges and opportunities in Nigeria and Africa. We believe that by harnessing the power of leadership, creativity and collaboration, we can create a better future for ourselves and generations to come.”

Cruxstone Development and Investment Ltd. acknowledges Vice President Osinbajo’s pivotal role in driving the ‘Ease of Doing Business’ reforms in Nigeria. His relentless efforts to create a conducive business environment have streamlined processes and reduced bureaucratic hurdles, making it easier for entrepreneurs and businesses to thrive. This has attracted both local and international investors, bolstering economic growth and creating employment opportunities for Nigerians.

L-R: Prince Afolabi Andu, CEO of Nigerian Global Business Forum, Vice President of FRN, Professor Oluyemi Osinbajo, and Cruxstone CEO, Dr. Adetoro Bank-Omotoye
L-R: Prince Afolabi Andu, CEO of Nigerian Global Business Forum, Vice President of FRN, Professor Oluyemi Osinbajo, and Cruxstone CEO, Dr. Adetoro Bank-Omotoye

The Sterling Leadership Award recognizes Vice President Yemi Osinbajo’s remarkable contributions to Nigeria’s progress and his exceptional leadership in diverse fields. It serves as a testament to his unwavering commitment to advancing the nation, uplifting the lives of the less privileged, and promoting unity and dialogue. Cruxstone Development and Investment Ltd. proudly honors Vice President Osinbajo for his remarkable achievements, and we remain steadfast in our support of his vision for a prosperous and united Nigeria.

The award presentation, which took place at Aso Rock Villa, was witnessed by Ade Ipaye, Deputy Chief of Staff to the Vice President, Tunde Osibamowo, Senior Special Adviser to the President, Head, Presidential Delivery Unit and Gbolade Okenla, the Resident Pastor at City of David, Lagos.

Cruxstone Development and Investment Limited is a metropolitan real estate development and management firm with a proven track record of developing high-end and profitable real estate developments. Invest with us today and get on the path to a better financial future. For more information on who we are and what we do, please call us on +234 (0) 907 004 5555 or visit our website on www.cruxstone.com.ng.

HOW TO CHOOSE THE RIGHT INVESTMENT PROPERTY

HOW TO CHOOSE THE RIGHT INVESTMENT PROPERTY

Investing in real estate can be a lucrative venture, and Lagos, Nigeria, presents an excellent opportunity for investors due to its ever-growing population and high demand for real estate. However, choosing the right investment property can be challenging. In this blog post, we’ll provide a guide on choosing the right investment property in Lagos.

UNDERSTANDING THE LAGOS REAL ESTATE  MARKET

To invest in real estate in Lagos, you need to understand the current state of the Lagos real estate market and market trends. Lagos is Nigeria’s most populous city and the third-largest city in Africa. Due to its high population growth, there’s a high demand for real estate, making it a prime location for property investment. The Lagos real estate market offers various properties, including residential, commercial, and mixed-use properties. Location is a crucial factor to consider

Location, Location, Location

Location is one of the most critical factors to consider when investing in real estate. In Lagos, the most desirable locations for real estate investment include Lekki, Ikoyi, and Victoria Island. These areas have seen significant growth in recent years due to their proximity to commercial centers, social amenities, and infrastructure.

Lekki Phase 1 is a prime location for property investment due to its high demand, strategic location, well-planned community, upscale neighborhood, and high ROI potential. It is a sought-after area with modern infrastructure, reliable power supply, good road networks, luxury amenities, and a high-quality lifestyle, making it an attractive choice for affluent individuals and families. Additionally, property prices have been increasing steadily, making it a lucrative investment opportunity.

Ikoyi is another upscale residential area in Lagos. It’s known for its exclusive gated communities, luxury apartments, and high-end commercial centers. It’s an attractive location for expatriates due to its many embassies, high commissions, and international organizations.

Victoria Island is a commercial hub in Lagos, home to many corporate headquarters, embassies, and high-end hotels. It’s an ideal location for those looking for commercial real estate investment opportunities due to its proximity to Lagos’ business district.

Consider the Property Type

When investing in real estate in Lagos, you can choose from various property types, including apartments, duplexes, commercial properties, and land. Each property type has its advantages and disadvantages, and understanding these factors is crucial in choosing the right investment property for you.

Apartments are a great way to generate rental income, particularly in desirable areas such as Lekki and Victoria Island. They tend to have lower maintenance costs than other types of properties, making them a good option for passive investors.

Duplexes offer both residential and rental income opportunities. You can live in one unit while renting out the other unit or rent out both units for maximum income. Duplexes in prime locations, such as Ikoyi and Banana Island, can appreciate in value over time.

Commercial properties can be profitable investments in Lagos as it’s a bustling commercial center with many businesses seeking rental spaces for offices, shops, and other commercial purposes. Commercial properties tend to have higher rental yields.

Do You Know? Lagos is Nigeria’s most populous city and the third-largest city in Africa. Due to its high population growth, there’s a high demand for real estate, making it a prime location for property investment.

Analyze the Potential Return on Investment

One of the most critical factors to consider when choosing an investment property is the potential return on investment. Understanding the potential return on investment can help you make an informed decision and ensure that your investment is profitable.

To analyze the potential return on investment, you’ll need to calculate the expected rental income, the expenses associated with owning the property, and the potential appreciation of the property value. By taking these factors into account, you can determine the cash flow and return on investment.

READ: WHY REAL ESTATE IS A SMART INVESTMENT: THE TOP BENEFITS OF INVESTING IN PROPERTY

Conclusion

Investing in real estate in Lagos can be a profitable venture. Understanding the Lagos real estate market, analyzing market trends, and carefully considering the property type and location can lead to significant appreciation in property value and rental income. If you’re looking to invest in real estate in Lagos, consider working with a reputable real estate company to guide you through the investment process.

Cruxstone Development and Investment Limited is a metropolitan real estate development and management firm with a proven track record of developing high-end and profitable real estate developments. We can guide you on how to invest in the Lagos real estate market and help you make sound investment decisions. Invest with us today and get on the path to a better financial future. For more information on who we are and what we do, please call us on +234 (0) 907 004 5555 / +234 (0) 907 333 5555 or visit our website on www.cruxstone.com.ng.

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Why Real Estate is a Smart Investment: The Top Benefits of Investing in Property

Why Real Estate is a Smart Investment: The Top Benefits of Investing in Property

Why Real Estate is a Smart Investment: The Top Benefits of Investing in Property
Why Real Estate is a Smart Investment: The Top Benefits of Investing in Property

Real estate has long been considered a smart investment. Unlike other types of investments, such as stocks and bonds, real estate provides tangible, physical assets that can appreciate in value and generate passive income. In this blog post, we’ll explore the reasons why real estate is an excellent investment and how it can help you build wealth over time.

Real Estate Appreciates in Value

One of the most significant benefits of investing in real estate is the potential for appreciation. Historically, real estate has appreciated in value over time, which means that the longer you hold onto a property, the more it will be worth. This can be especially true in areas with strong job growth and a high demand for housing.

Real Estate Generates Passive Income

In addition to potential appreciation, real estate can also generate passive income in the form of rent. Rental income can provide a steady stream of cash flow that can help you pay off your mortgage or finance future investments. Plus, as rental rates increase over time, your passive income can also increase.

Real Estate Offers Tax Benefits

Real estate investment also offers significant tax benefits. For example, rental income is generally not subject to self-employment tax, and you can deduct many of the expenses associated with owning and operating a rental property. In other words, you may be able to deduct mortgage interest, property taxes, and depreciation on your rental property from your taxes. These deductions can help reduce your tax liability and increase your overall returns on investment.

Unlike other types of investments, such as stocks and bonds, real estate provides tangible, physical assets that can appreciate in value and generate passive income.

Real Estate Provides a Hedge Against Inflation

Another advantage of real estate investment is that it can provide a hedge against inflation. As inflation increases, the value of real estate typically increases as well. This means that real estate can help protect your purchasing power and provide a solid return on investment over time.

Real Estate Investment Can Diversify Your Portfolio

Finally, investing in real estate can help diversify your investment portfolio. By adding real estate to your portfolio, you can reduce your overall risk and increase your potential for long-term returns. This can be especially true if you invest in different types of properties or in different geographic locations.

READ: Investment Property: A Beginner’s Guide to Building Wealth 

In this blog post, we’ve explored the reasons why real estate is a smart investment. From potential appreciation and cash flow to tax benefits and diversification, investing in property can be a great way to build long-term wealth. In the next topics in our investment property blog series, we’ll cover how to choose the right investment property, financing your investment, managing your investment property, and exit strategies for selling or refinancing your investment property. Stay tuned for more insights and tips on investing in real estate.

Conclusively, real estate investment can be a smart financial move for many reasons. If you’re considering investing in real estate, be sure to do your research and work with a reputable real estate agent or investment firm to help you make informed decisions.

Ready to get started with investing in Real Estate? Or looking to expand your Real Estate investment portfolio, Cruxstone Development and Investment Limited is your most reliable partner.

Cruxstone Development and Investment Limited is a metropolitan real estate development and management firm with a proven track record of developing high-end and profitable real estate developments. Invest with us today and get on the path to a better financial future. For more information on who we are and what we do, please call us on +234 (0) 907 004 5555 or visit our website on www.cruxstone.com.ng.

Investment Property: A Beginner’s Guide to Building Wealth Through Real Estate

Investment PropertyInvesting in real estate can be an excellent way to build wealth and generate passive income. However, if you’re new to the game, it can be daunting to know where to begin. That’s why we’ve put together this blog series on investment property. In this series, we’ll cover everything you need to know to get started, from choosing the right property to financing your investment.

Topic 1: Why Real Estate is a Smart Investment.

In this first installment, we’ll dive into the reasons why real estate is an excellent investment. We’ll discuss the advantages of investing in property, such as the potential for appreciation, cash flow, and tax benefits. We’ll also look at how real estate compares to other investment options, such as stocks and bonds.

Topic 2: How to Choose the Right Investment Property.

Now that you know why real estate is a smart investment, it’s time to start looking for the right property. In this post, we’ll cover the key factors to consider when choosing an investment property, such as location, type of property, and the condition of the property. We’ll also discuss how to analyze the potential return on investment to ensure you’re making a sound financial decision.

Topic 3: Financing Your Investment Property.

Unless you have the cash to pay for your investment property outright, you’ll need to consider financing options. In this post, we’ll look at the different ways to finance an investment property, such as traditional mortgages, private lenders, and hard money loans. We’ll also cover the pros and cons of each option to help you decide which one is right for you.

Read: 7 Steps to Buying Your First Rental Property

Topic 4: Managing Your In vestment Property

Once you’ve purchased your investment property, the work doesn’t stop there. In this post, we’ll discuss the responsibilities that come with being a landlord, such as finding tenants, maintaining the property, and handling repairs. We’ll also cover tips for managing your investment property efficiently and effectively to maximize your returns.

Topic 5: Exit Strategies: Selling or Refinancing Your Investment Property

Finally, it’s essential to have an exit strategy in place for your investment property. In this post, we’ll look at two common options: selling the property or refinancing it. We’ll discuss the factors to consider when deciding which option is right for you and the steps involved in each process.

Overall, investing in real estate can be an excellent way to build wealth and generate passive income. However, it’s crucial to do your research and make informed decisions to maximize your returns. We hope this blog series  helpful in guiding you through the process of investing in property.

In our next blog post, we’ll cover why real estate is a smart investment to help you make informed decisions when investing in real estate.

Ready to get started with investing in Real Estate? Or looking to expand your Real Estate investment portfolio, Cruxstone Development and Investment Limited is your most reliable partner.

Cruxstone Development and Investment Limited is a metropolitan real estate development and management firm with a proven track record of developing high-end and profitable real estate developments.

Invest with us today and get on the path to a better financial future. For more information on who we are and what we do, please call us on +234 (0) 907 004 5555 / +234 (0) 907 333 5555 or visit our website on www.cruxstone.com.ng.

7 STEPS TO BUYING YOUR FIRST RENTAL PROPERTY

If you’re new to the world of real estate investing, or are just getting started, you may not know where to start. Buying a rental property can be complex and overwhelming, but it doesn’t have to be. It all starts with choosing the right investment property in the right neighborhood. In this article, we’ll cover 10 steps that will help get you on your way to buying your first rental property.

 DO YOUR RESEARCH

The first step in buying rental property is to do your research on the market where you want to buy. Investing in real estate is all about location, location, location! You need to find a place that has good potential value, but also has a high demand for tenants who will pay rent on time and keep your property clean. You also want to make sure that there isn’t too much competition for tenants, so that you have an advantage over other investors who want to flip houses quickly for profits instead of renting them out long-term.

DETERMINE YOUR GOALS

First things first: determine what your goals are with buying a rental property. Are you looking for long-term cash flow? Do you want to build wealth? Or maybe it’s just about being able to afford to live in an area where housing prices are rising steadily? Whatever it is that motivates you, set some realistic expectations so that when all is said and done, everything feels right with your purchase decision.

GET ADVICE FROM OTHER LANDLORDS

The next step in your real estate investment journey is to speak to other landlords. Talking to a mentor who is investing in the same area (and types of homes) that you are interested in can make all of the difference in the world. When you speak with your mentors / other landlords, it is important that you keep their “investment bias” in mind.

SAVE FOR THE DOWN PAYMENT

As you begin to explore the possibility of buying your first rental property, it’s important to keep in mind how much money to save for a down payment. Ideally, you’ll want to have a 20 – 30 percent down payment saved before: a) looking for an investment opportunity, or b) apply for pre-approval. The following five tips can help you save for a down payment in a timely fashion:

  1. Pay off any debt that you currently have.
  2. Set up an automatic savings deposit.
  3. Lower your rent.
  4. Drastically reduce unnecessary living expenses.
  5. Take on a second job.

KNOW YOUR RENTAL PROPERTY EXPENSES

While every rental property is different, all have one thing in common … expenses. With this in mind, before you purchase a rental property, it is important that you know all about the potential monthly, and unexpected, expenses that the property will experience.

DO YOUR OWN DUE DILIGENCE

From looking at schools to understanding the own to rent ratio, there are a number of steps you can take to complete your own due diligence. It’s worth noting that the factors used in the previous step will help identify strong real estate markets. Now, as part of your due diligence, it will be your job to look into the actual neighborhoods within these markets. Ask the following types of questions to guide your research efforts.

  • Is the rental property within a good school district?
  • Are their local attributes within walking distance?
  • Speaking of walking, what would the property’s walk score be?
  • How many rental properties are in the area?
  • Is the crime rate low?
  • What is the average household income for the neighborhood?
  • What are the demographics for the neighborhood, and do they align with your identified rental demographics for the local market?

INVEST WITH A RELIABLE PROPERTY COMPANY

Starting a real estate business can sound overwhelming, but by following the above, becoming a profitable property owner will be easier than you’d think when you invest with the right company. Be sure to define your goals, review your finances and watch your business flourish. With the right company, your rental has the potential to help you achieve your goals and become financially free.

Ready to get started with investing in Real Estate? Or looking to expand your Real Estate investment portfolio, Cruxstone Development and Investment Limited is your most reliable partner.

Cruxstone Development and Investment Limited is a metropolitan real estate development and management firm with proven track record to developing high-end and profitable real estate developments.

Invest with us today and get on the path to a better financial future.

For more information on who we are and what we do, please call us on +234 (0) 907 004 5555 / +234 (0) 907 333 5555 or visit our website on www.cruxstone.com.ng

Changing the coastline of Oniru, Lagos, Nigeria, Cruxstone unveils yet another timeless monument; Nautica Rise, a mixed-use prime waterfront development set to transform the real state landscape into a world-class resort and tourist destination.

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