Haldane McCall listing: Plan is to offer affordable housing - Group MD
After a successful listing by introduction on the Nigerian Exchange, Group Managing Director of Haldane McCall, Edward Akinlade, says the 3.12 billion shares listed on the Nigerian Exchange opens the real estate and hospitality company to expansion as it seeks to provide affordable housing in Nigeria. In a chat with CNBC Africa, Akinlade says the housing deficit in Nigeria is a reflection of the viability of the market and the company plans to harness the opportunity and will be seeking an additional 200-billion-naira bond to lower housing costs in the country.
Thu, 21 Nov 2024 12:04:59 GMT
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AI Generated Summary
- Haldane McCall's successful listing on the Nigerian Exchange marks a significant milestone for the company, opening doors for expansion and innovation in the real estate sector.
- The focus on addressing the housing deficit in Nigeria underscores Haldane McCall's commitment to providing affordable housing solutions and driving social impact.
- By securing a 200-billion-naira bond, Haldane McCall aims to lower housing costs and increase accessibility, contributing to the transformation of the real estate market in Nigeria.
Haldane McCall, a leading real estate and hospitality company, recently made headlines with its successful listing on the Nigerian Exchange. The Group Managing Director, Edward Akinlade, shared insights into the company's strategic plans to leverage this milestone and address the pressing issue of affordable housing in Nigeria. With 3.12 billion shares now available for trading, Haldane McCall is poised for expansion and innovation in the real estate sector.
Akinlade highlighted the significant housing deficit in Nigeria as a key driver for the company's focus on affordable housing solutions. He emphasized that this gap in the market presents a substantial opportunity for growth and social impact. To support its vision of providing affordable housing, Haldane McCall is set to secure a 200-billion-naira bond, aiming to lower housing costs and increase accessibility for Nigerians.
The real estate and hospitality industry in Nigeria is witnessing a transformation, as companies like Haldane McCall prioritize sustainable and inclusive development. By offering affordable housing options, the company is not only driving its own growth but also contributing to the economic empowerment and well-being of communities across the country.
As Haldane McCall embarks on this ambitious journey, stakeholders in the Nigerian real estate sector are closely watching the company's progress. The successful listing on the Nigerian Exchange marks a new chapter for the company, signaling its commitment to redefining standards and making a meaningful difference in the housing market.
In the coming months, all eyes will be on Haldane McCall as it implements its strategic initiatives and works towards fulfilling its mission of delivering quality, affordable housing solutions to Nigerians in need. With a clear focus on innovation, sustainability, and social responsibility, the company is positioned to lead the way in transforming the real estate landscape of Nigeria for the better.
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