As Nigeria and the rest of Africa step into a new decade of anticipated growth, development and possibilities, the future of Nigeria and Africa’s real estate is about to change forever.
DBillions PV City Nigeria Ltd. (“DBillions”), developers of Nigeria’s foremost fully solar-powered real estate masterpiece (“DBillions PV City”) has concluded and signed a partnership and investment arrangement with Aspire World Investment (AWI) LLC, a leading investment management outfit in Dubai, UAE with over $1.35Billion invested capital across the world. With an ‘undisclosed’ equity investment by AWI, DBillions will be utilizing the new investment to wrap-up its flagship project, DBillions PV City, located in Ibeju-Lekki region of Lagos State, Nigeria, and replicate across strategic cities in Africa and UAE.
The DBillions PV City is an ultra-modern mix-use development providing an eco-friendly environment with the most sophisticated amenities that support a balanced and healthy lifestyle. It includes smart homes apartments, commercial spaces, state-of-the-art shopping mall, clinic, Montessori school, automated sewage system, community recreation hub, fibre-to-the-home infrastructure for high-speed internet connectivity, auto-garage and a masterpiece 16-floor skyscraper with a rooftop pool and helipad.
In parallel, the partnership sealed with AWI enlist DBillions as the Nigeria-representative and exclusive local organizer of the Aspire World Expo – the biggest and largest middle east investors platform for local and international markets – gathering 48 countries, 48 embassies, 48 chambers of commerce, 4,800+ investors and 48,000+ attendees annually.
Dr Munir Ahmed Chaudhary, PresidentofAWI buttressed the importance of the partnership with DBillionsstating that the partnership will help achieve sustainable growth in the MEA (Middle East & Africa) real estate sector as both companies aligned focus on developing healthy living environment lends credence to the realization of the Sustainable Development Goals of the United Nations.
Also, Mr Darlington Okani, the CEO/Founder of DBillionsexpressed confidence in the actualization of the company’s masterpiece project, stating that the company, working with the best minds in the industry and a wide spectrum of key stakeholders will move swiftly to deliver the DBillions PV City, located in the heart of the New Lagos region of Nigeria’s economic capital, and replicate same across Africa and UAE.
The partnership and investment signing event was also witnessed by the Chief Operating Officer/Head Counsel of DBillions, Ms TemitopeAlex-Duduyemi, and the Managing Director, AWI, Engr. Saba Rajput.