The developers of the Centenary City in Abuja have launched their first co-development area known as ‘The Grove’. The project is being developed by Front Range Developers of the UAE and the Centenary City Plc with 236 housing units on an area of 91, 000 square meters.
Alhassan Baba Dantata, A local partner, in a briefing yesterday told newsmen that the City is now a reality with the coming up of the Front Range, which is going to invest $18.5 billion for the infrastructure development of the City soon.
He said attracting Front Range, a Dubai Real Estate firm, to fund the project 100 percent is a landmark achievement for the President Buhari administration.
Dantata, who is the major investor for ‘Buhari Towers’, a project in the City, said the towers will host a group of flats for civil servants and low income earners, adding that the entire project will create 250,000 jobs with over 150,000 residents.
He said over N1.2bn was compensation was paid to indigenes and to quarry site operators.
In a statement, its Head of Marketing and Communication, Ahmad Al-Amin quoted the Executive Director of Front Range Properties UAE, Jaimal Shergill saying the project is taking off after “thorough due diligence process.”
Also, the MD of Centenary City Plc, Dr Odenigwe Michael Jnr expressed appreciation to the strategic partners and the Federal Government for their support for the project. The 1,262 hectares project was conceived in 2014 to mark Nigeria’s 100 years of existence as a nation.
The post Centenary City Launches 1st Project, ‘The Grove’ appeared first on Independent Newspapers Nigeria.
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Author: Our Correspondents