Lekki
Pearl Estate was unveiled in 2016 by the Management of Alpha Mead Development
Company, one of the strategic business units of Alpha Mead Group. Alpha Mead is
a Total Real Estate Solution company, which believes in using the right
processes, people and technology for quality and sustainable solutions in the
real estate and construction industry in Nigeria and places where it has
footprints in Africa.
Recently,
the
company opened the first phase of units in the estate. Our check reveals
that the company adopted cast-in situ modular building system, a technology
being used in over 45 countries for the provision of affordable housing. The
use of the technology came into fruition after the company had partnered with
the Wall-Ties & Forms International (WTF), a United States of America based
company. Information has it that the use of the technology eased the construction
process and reduced cost of building each unit by a very wide margin.
In its
efforts of making the units affordable to the prospective homeowners, AMDC
has also signed a pack with the Nigerian Mortgage Refinance Company to deepen
the country’s mortgage market.
Beyond
the use of standardised processes and materials, our analysts note that AMDC
intends to ensure IFC EDGE green certification for the Estate shows that buyers
would enjoy their investment and having sustainable living because the
certification preaches low energy and water consumption by 20%, and
greenhouse-gas emissions. Since the
launch of the IFC EDGE green certification, a total of 346,162 MWh and
8,869,830m3 energy and water respectively have been saved per year.
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