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Real Estate

Introduction

Total COOP has been adjudged the Best Cooperative in Nigeria with awards attesting to same. But the aim is to be not only one of the best in Africa but across the world. Our model for growth will always incorporate structures that improve the value and well-being of our members.

In line with this, the Cooperative is often on a quest to seek optimal value and quality for members while securing funds and profitability at the same time. This has led to an assessment of the assets and resources available to the cooperative and the optimization of same.

The Real Estate department helps provide industry-based assessments to the Cooperative to protect and guide the decisions of the CMC on projects and also to develop and deliver projects at the best value and quality to member

 

Structure

The structure we have now is such that we will have the best hands in the industry working with us on all projects to make them a reality on time and on budget. We will be engaging tested and trusted contractors and consultants who have the prerequisite experience and certification by the right regulatory authorities. They will have certification from the right professional bodies as individuals and as firms. They will also have recognition by the appropriate international bodies. Issues bordering on due diligence is also given the consideration it deserves. We will have proper contract documentation and administration. Funding is being sourced both locally and internationally at the best cost to guarantee an optimal mix.

Projects

The first set of proposed developments will address the needs of our immediate constituency which are our esteemed cooperators. We will be developing 300-400 luxury homes in Victoria Island, Lagos in 2 phases. We will be developing 400-500 luxury homes in Port Harcourt in 2 phases. The phase 1 of both developments will be delivered within 30-36months. We will be developing commercial developments that will secure steady income and profitability for the cooperative and ultimately our members. We will also be seeing to some needs of TUCN in our projects. These will, in turn, generate revenue for the cooperative. Facilities in the projects include a clubhouse, squash courts, multipurpose hall, football pitch, swimming pool, tennis courts, gym etc.

La Definition:

La Definition is a modern day, smart, innovative mixed-use development that sits on 20,094sqm sized land located at Eko Atlantic City. The project provides an opportunity to improve the amenities available to the diverse population of Victoria Island.

The successful sale launch of Phase 1 was completed on 19th December 2017; followed by a successful ballot exercise of the first phase held on 9th March 2018. To date, Phase 1 has a 100% subscription.

Logistics Base:

Logistics Base is a 7,500 square meter sized base located at Plot 8 water Corporation Drive, Oniru Waterfront, Victoria Island to be a mixed-use development for warehouse and archiving services, vehicle logistics, accommodation, security, and offices. The Logistics base consists of a car park for 150 vehicles and coaster buses; 4 modern warehouses with a combined size of 1350 sqm. Design and preliminary construction commenced 7th July 2017 by Construction Kaiser. We are pleased to inform you that this has been successfully completed and handed over to the client.

La Fortress:

La Fortress is the next step into redefining the definition of home. The project is located in Trans Amadi Garden, the heart of Port Harcourt. The 49,000 sqm proposed project will redefine and rejuvenate Nigeria leading industrial center. The objective here is to balance the demand from our members whose dreams are to own a home in Port Harcourt and enhance the long-term economic values of our Total Assets.