Real estate developers, Brains and Hammers, at the weekend inaugurated 101 units of mixed housing development christened “Coopeast Beach Resort”. The project, estimated to have cost N5.6 billion, started in August 2019. A breakdown of the housing units include; 70 terraces, a block of 6 flats comprising 3-bedroom each, 14 fully detached houses and 8 semi-detached houses. The estate, which sits on a 3- hectare land space (30,000 sqm), is also fitted with a gym, water treatment plant, 6 transformers, swimming pool, recreation area and a mini-mall. 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 handing over of the keys to the Cooperative Societies, Mr. Omo Osobase, the Chief Operating Officer (West,) Brains and Hammers Plus, noted that the project is a testament to the three fundamental tenets of the companyto be the partner of choice by private and public organisations; develop projects that meet best global practices and provide a sense of investment and humane comfort for our clients. “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. This ambition was solidly rooted in our determination to deliver not just high quantity, but quality housing units built to the best global practice and at a price that would not break the bank despite the unique location.” “Despite the onslaught of Covid-19 and the very volatile economic situation in the country between 2020 and today, we have weathered the storm to deliver this project below the projected 24 months construction timeline. Today, we have commissioned units of 3-bedroom flats, 4-bedroom terrace Duplex, 4-bedroom Semi-Detached Duplex, and 5 bedroom Detached Duplex with BQ’s,” Osobase said. In his opening remarks, the Chairman of Brains and Hammers, Mr. Adebola Sheidu, noted that the firm is on a mission to reshape the residential and commercial real estate landscape in Nigeria. He said the company has proven this with 10,000 completed projects in Abuja, Kano, Lagos, and the Oyo States. Sheidu further stressed that the Kano Economic City and the Oyo State Agri-business industrial hub projects are two projects that speak to the importance of Public-Private Partnerships for the company. “I am proud of our work on this project, and my sincere thanks to our partners, Shell, and ExxonMobil cooperatives. They not only trusted in our ability but showed a great sense of belief in our resolve to complete this project in record time despite the pandemic and economic challenges of the last two years,” he said. The President, Shell Cooperative, Martins Amos, expressed his delight with the project and showered encomium on Brains and Hammers for the professionalism displayed while delivering this project. “Despite the economic challenges, Covid- 19, and the hitches that came with the End-SARS protest, I am delighted to stand here today to celebrate the commissioning of this project. Collectively, we achieved this feat on the back of a partnership built on trust and we are proud to have been a part of it,” he said. CoopEast Resort Estate by Brains and Hammers provides residents with a serene beach view, private garden areas, a dedicated transformer to aid the 24-hours electricity supply, a fully independent water supply and treatment facility and a 24-hour helpdesk and residents-only-clubhouse amongst other facilities.
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