Lekki Garden Opens N5bn Commercial Paper for Subscription
One of West Africa’s leading master developers, Lekki Gardens Estate Limited, has opened up to N5 billion in Series 4 Commercial Paper Notes for investors’ subscriptions, according to an offer document released by FSDH Capital Limited.
The offer for subscription priced at a 23.1956% discount rate is expected to close on Thursday, 22 May 2025, for 270-day tenor borrowing instruments.
FSDH Capital Limited told investors in a note that the company will use the proceed from the commercial paper to finance working capital requirements and complete on-going projects
“Lekki Gardens Estate Limited was established in 2012 as an indigenous real estate investment company that is into the acquisition and development of land and property across the residential, commercial, and retail sectors of the Nigerian real estate industry.
“The fastest-growing independent real estate company in Nigeria, providing innovative real estate solutions in the areas of property development, facility management, and sale of real estate products and services with special skills in service delivery.
“Since inception, the company has grown steadily and consistently from a relatively young brand and group to become the leading real estate brand in the Nigerian real estate industry despite the unstructured nature of the industry, a tough recessive economy and operating environment, and policies that impede capital-intensive businesses like real estate”.
The company’s distinctive signature projects form a portfolio of iconic master residential developments in Lagos. They are a real estate company committed to delivering world-class real estate options to homeowners and rewarding investment opportunities for investors.
They’ve expanded beyond their Ikoyi roots to offer a diverse range of properties in Ikeja GRA, Osborne, Alexander Road, and Banana Island, driven by a commitment to determination, excellence, and continuous evolution.
Lekki Gardens has built a diverse real estate portfolio and strong track record with operations currently spanning three states (Lagos, Ogun and Rivers) and the Federal Capital Territory, Abuja having successfully delivered over 15,000 housing units, including plots and retail outlets to customers in Nigeria, with about 25,000 units in progress in over 60 project sites.
The company’s strategic approach to land acquisition has seen the company build up a formidable landbank in very strategic and choice locations across Nigeria. #Lekki Garden Opens N5bn Commercial Paper for Subscription#
