Wednesday, 20 February 2013

US-based firm to stake N22.62bn in Nigeria’s real estate market

A United States -based firm, Amira Real Estate Investments, has entered the Nigerian real estate market with the aim of delivering a 23-storey structure of Premier Condo Units valued at $145million (about N22.62billion) within 24 months.
The project tagged “Amira” is already designed and is to be built in Abuja by USA construction companies, in line with that country’s efforts to create jobs for its citizens, while giving the Nigerian community a new and exciting place to call home.
At the time of completion, the 150 prospective occupants who are to pay $750,000 compared to the real value of $1.2million would be entitled to Green Cards (residency) of the United States.

Speaking exclusive to BusinessDay, Marco Antonio Ramirez, director, USANOW Regional Center, said the project construction will start in August or September this year, and would be completed in between 18 months and 24 months.
USANOW Regional Center is a government designated entity designed to facilitate Foreign Investments through the U.S. Citizenship and Immigration Services (USCIS) Employment Based visa fifth preference (EB-5).
“We have two sites we are considering in Abuja. We are waiting for approval for one. All design: architectural, decorative, mechanical, electrical, structural, and engineering are drawn. We are partnering with local Nigerian firms to begin the permits request from local government. While we have Zenith Bank plc as our bank; Jackson, Etti & Edu is the law firm for this project, this is in addition to the Nigerian Embassy of New York,” Ramirez told Business Day.
He said that in the warm Atlantic air, high above Nigeria’s crown city, Amira would be changing the very definition of luxury in an equatorial paradise, adding “Amira is an oasis of opulence, why choose between the perks of an ultramodern lifestyle and the security, privacy, and comfort you are accustomed to? At Amira, even the sky has no limit.
“Amira is a perfect blend of spectacular architecture and sophisticated interior spaces, a world class urban development aspiring to excellence. A residence with a contemporary style, surrounded with an air of exclusivity. With 23 floors of premier living, Amira provides the next level of exclusivity with private spaces, and first-rate amenities. The details, finishes, and texture impress even the most discriminating eye,” Ramirez added.
“The residencies contain 150 luxurious units, ranging from 155 square meters to 632 square meters, and a 4,840 square meter full service amenity floor. Some of the amenities include: golf putting green, virtual rooms, private parking, family and adult pools, business center, libraries, gyms, and domestic service quarter on every floor (48 units),” he said.
Source: BusinessDay

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