Propertygate to leverage on real estate development Real Estate

By Bankole Orimisan

UPBEAT about impressive real estate investment results posted in the 2010 year, management of Propertygate Development and Investment Plc has expressed desire to step up its stake in the property development and real estate advisory services market.

  Managing Director of the company, Mr. Adetokunbo Ajayi, at the company’s 2nd yearly General Meeting, stated that the company, sequel to its impressive results posted recently, would key into the need for high-class luxury apartment by certain aspects of the society.

  He added that the company’s prospect from 2011 was bright and that beyond that it expects the financial and capital markets to commence encouraging recovery, and proceed to enhanced capacities to help economic recovery, expansion and integration.

  Ajayi said: “We also expect economic growth and diversification, as key infrastructure and policy issues are tackled. The need for decent housing will continue to rise, as tempo of urbanisation increases on the heels of economic growth. Against these settings, opportunities for real estate remain particularly bright”.

  He informed shareholders that though the year 2010 showed relative improvement compared to the preceding year, it was nonetheless a tough year. “In spite of the challenges, the company remained focused and through diligence, is pleased to report a much improved performance compared to the year end 2009”.

  Assuring shareholders of the continued focus of the company in its business areas of development, investment and property advisory, he said, “we shall seek to have competitive advantage through market inspired products and services, domain expertise anchored on deep knowledge and skills, exceptional capacity aided by technology and processes, differentiation powered by brand equity, quality manpower with strong culture of performance underpinned by solid corporate values, innovation and sound management. It is our strong expectation that Propertygate will continue in its determined quest to fulfil its overall corporate aspirations.”