Firm defies economic challenge, expands Lagos’ luxury real estate

DESPITE the nation’’s economic challenge with the associated high cost of building materials and interest rates, weak naira and forex’s volatility, Messrs Oak Homes said it has defied all odds to expand the Lagos’ luxury real estate market.

This new addition, the company said, has underscored its unwavering commitment to redefining luxury living in Nigeria, amidst economic challenges.

Speaking to investors and subscribers while unveiling one of the luxury homes, Chief Executive Officer of Oak Homes,  Mr. Olukayode Olusanya, highlighted the  companys resilience and determination in delivering the transformative projects: Oak Residence, Oak Mews and Hamilton Court, located in Victoria Island and Lekki, Lagos.

“The commissioning of these three landmark developments. The Oak Residence, The Oak

Mews, and Hamilton Court, he said reflected the company’s steadfast dedication to excellence and innovation in luxury real estate.

“In a period marked by global economic turbulence and domestic challenges, we have demonstrated that vision, strategy, and a commitment to quality can overcome even the most formidable obstacles,” he said

These projects, he said, “were more than just buildings, pointing out that they represented a turning point in how urban living is envisioned and experienced in Nigeria.

“They are a testament to the perseverance of our team, the loyalty of our clients, and our unwavering belief in Nigeria’s potential as a global leader in luxury real estate,” Olusanya said.

By navigating economic headwinds and leveraging innovative solutions,  he said the company has not only delivered homes of immense value, but also set new standards that will inspire the next generation of developments.

Olusanya further emphasised that these milestones symbolised Oak Homesability to adapt, grow, and lead in a rapidly evolving industry.

The completion of these developments, he said signaled a bright future for the company and would serve as a beacon of what can be achieved through resilience and purposeful innovation.

He said:” These newly commissioned projects join Oak Homes prestigious portfolio, which includes: Nicoles Place, Kaylas Haven (Phase 1 & 2) in Victoria Island and Lusso in Ikoyi known for their impeccable design, functionality and astronomical increase in value since completion.

“The Oak Place in Ikoyi, an exclusive collection of ultra-luxury smart homes, heralded as “The First of Its Kind Smart Housing Estate in Nigeria.”; the Oak Villa in Abuja, the company’s pioneer ultra-luxury development in the FCT, marking its expansion into the Abuja market;  and emerging projects in Eko Atlantic City, including Acorn, Lusso RA, and The Oak Towers, which push the boundaries of ultra-luxury living and timeless value.”

“The Oak Heights, a 38-floor architectural marvel set to become Nigeria’s tallest building, cementing Oak Homes reputation for ambition and innovation,” he said.

With the company’s expansion into the international market, including its recent foray into the United Kingdom and USA, he said the firm has been making strides in transforming the luxury real estate landscape globally.

This move, he added signified the company’s ability to merge Nigerian

innovation with global standards, creating value for both local and international clients.

The commissioning of The Oak Residence, The Oak Mews, and Hamilton Court, he said represented another chapter in the company’s journey.

“A journey that continues to inspire trust, elevate standards and redefine the possibilities of luxury real estate on a global scale. Each project

exemplifies the company’s dedication to delivering imaginative designs, unparalleled luxury, and exceptional value, setting new standards for real estate development in Nigeria,” Olusanya said.

The Oak Residence in  Victoria Island, comprises 14 units of luxury three-bedroom apartments.

It is a world-class development that comes with luxury apartments and penthouse villas.

It is designed with high ceilings that create an airy, expansive feel while offering breathtaking views of the city from every floor.

Each unit features living spaces with high ceilings, creating an airy and expansive feel, while

offering breathtaking views of the city from every floor complemented by premium amenities.

Penthouse residents enjoy the added exclusivity of a private rooftop lounge and Jacuzzi, offering them a lifestyle of unparalleled luxury.

Beyond its architectural brilliance, Olusanya said that The Oak Residence “stands as not only a symbol of excellence in urban living but also a testament to smart investment consistently delivering remarkable returns on investment to its buyers.”

One of the subscribers, Abiodun Azeez, a banker, said he once patronized Oak Homes in the previous project and that they delivered on time according to the stipulated timeline, adding that the qualities of housing units and finishing were superb. This, he said attracted him to the present project.

He said the developer has integrity and is transparent when it comes to service delivery.

Nixon Iwedi, Executive Director of Globus Bank, described the delivery of Oak Residence as a remarkable achievement by the developer, saying he showed understanding of project execution.

Due to this, he said his bank found it convenient to partner with the company regarding the project.

Mr John Philip said the project was a remarkable delivery, adding that it showcased one of the great works of Oak Homes.

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