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Developer partners FMBN to bridge housing gap

Gapstone Developers, a real estate firm, has revealed that it is partnering with the Federal Mortgage Bank of Nigeria (FMBN) to develop Zirconia Heights in…

Gapstone Developers, a real estate firm, has revealed that it is partnering with the Federal Mortgage Bank of Nigeria (FMBN) to develop Zirconia Heights in Lagos.

Zirconia Heights is a 10-floor mixed-used development with a total of 60-unit apartments comprising 24 units of one-bedroom loft; eight units of one-bedroom flat, four units of two-bedroom loft, 24 units of two-bedroom flats and four units of office and retail spaces.

The Managing Director (MD) of Gapstone, Dr Adetoro Bank-Omotoye, who briefed newsmen, explained that the firm was committed to bridging the housing gap in the country by providing affordable houses.

He said the partnership with FMBN was to ensure that contributors to the National Housing Fund (NHF) benefitted from the property. 

He said, “We are inspired with a mission to consistently identify opportunities and create innovative ways to deliver modern real estate assets in order to bridge the affordability gap for the mid-income earners.”

Also speaking, the Chief Investment Officer Gapstone, Dr Bolanle Golden, said every single subscriber to the property would get their titles and use them for any purpose they wanted.

Dr Golden said, “We are partnering with FMBN to put NHF on the table for off-takers who qualify.”

The project, located in Lekki Phase 1, is expected to last 18 to 24 months, it was learnt.

Zirconia Heights is to also have other amenities like four high-speed elevators, basement, ground and first floors’ parking, lounge area offering concierge services and reception, infinity swimming pool, rooftop business, among others.

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