A Nigerian Real Estate Company Has Just Parted With Serious Cash For 25% Stake In A Co-Funding Platform
LandWey, one of the most respected real estate companies in Nigeria — known for development projects in the commercial, retail and residential property segments — has just acquired a 25 percent stake in Vistafront; a tech platform for funding real estate projects online.
It is common knowledge that investing in real estate can be a capital intensive project for many. Vistafront was, thus, established to give people the opportunity to fund real estate projects from the comfort of their mobile devices and earn good returns at the end of the project cycle
Concerning the decision to acquire a stake in the company that is currently causing a disruption on the tech startup scene in Nigeria, Olawale Ayilara, Founder of Landwey said, “we are always proud when we spot opportunities for our clients and followers to be more involved in real estate projects that will give them the best returns for their money. We understand the need to continually evolve as we serve the industry. We are glad that with this partnership, we can fully support and encourage everyone to fund real estate projects.”
Vistafront will be looking to benefit from the wealth of experience that Landwey has in the real estate business, to launch different projects that will be made available for funding on the platform.
One of such projects is something called Bloom 1; a bridge financing for land acquisition for 14,000 square meters sitting on the heart of Lekki-Epe Expressway, Lagos State, Nigeria.
Commenting on the development, Segun Ajuwon, Managing Director of Vistafront said, “We have gotten a lot of positive feedback since we launched and we have plans to continue to launch new projects. For every project we feature on the site, we also have in place a strict vetting process carried out by our in-house team and our other partners like Nachtwey Advisory Services Limited, an SEC-registered Asset Management company, Emerging Africa Capital Group, a licensed Trustee firm and AXA Mansard, a trusted insurance company.”
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