Geschäftsbereich 1: Immobilien
Real Estate / Immobilien
HMK’s investment activities in real estate are creating value as the occupancy is continuously increasing as a lasting asset in the Company’s balance sheet. And even more important, the new housing units create a value for the population helping them to have a better live.
Lagos State, Nigeria, has an acute housing problem with an average household occupancy of about 10 persons. In addition, it has an average population density of 2,455 persons per square kilometre, much higher than the national average, with some areas reaching 15,000 persons per square kilometre.
“There is a housing demand of 40,000 units annually. Construction of low and middle income housing estates together with the State, who is providing land as equity and provision of mortgages”, as a way out of this undersupply.
(Source: Business roundtable presentation from 04th of June 2010; given by the African Business Association, represented by his Excellence Mr Babatunde R. Fashola, Governor of Lagos State, Nigeria)
The African State Government is engaged with setting up private public partnerships (PPPs) to solve this demanding situation in the housing market - especially helpful for the poor part of the population. The Government is providing equity in selected sustainable projects, giving tax benefits and is provisioning land to housing developers particularly for development of low cost housing. Furthermore mortgages for the low-income population and Government guarantees are possible.
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