“Joint Ventures Will Solve Housing Problems,” – Uche Ajaere, MD, Lordwin Gate Limited

uche 1Lordwin Gate Real Estate has a vision for the property sector. The idea is to use Joint Venture initiative, JV, to meet the needs of both potential property owners and existing property owners.

The young but dynamic real estate firm is determined to contribute its quota to addressing problems of housing in the country by partnering with private investors.

Uche Ajaere, managing director of the company, explained that the JV arrangement is a win-win situation for both the investors and the landowners because of the backlog of un-housed people. “We have brought awareness to people to make them know that a N10 million property, for instance, with a very good construction on it will increase the value of the property. We encourage people who have property but don’t have money to develop it to come up with it so that we can help them develop the property. We don’t rely only on building and renting property, but also advise those who have property on what to do with what they have. We really encourage people, communities and government to get involved in joint ventures because it is very rewarding,” he said.

Apart from its Green Wood estate behind Chevron, off Lekki-Epe expressway, Lagos, which is the first massive solar powered estate in Nigeria, Ajaere added that the company would soon build a low cost housing estate that will be affordable for Nigerians. “Our mission is to help individuals who have landed property in choice location manage or build their properties in a profitable manner. We are also in this business to correct some of the flaws and mistakes that have been made in the property market for a long time. We are working hard every day to bring sanity into the business,” he noted.

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