Investment in the construction of hostel facilities for a private university in Nigeria The target market for the hostels to be constructed would be strictly the students of the contracting university. This shows a readily available demand for the hostel. The growing appetite for private universities amongst the Nigerian elite and the attendant growth in their numbers in recent years shows a strong growth rate in the demand for private university and hostel accommodation in Nigeria. For instance, the number of private universities increased from forty five (45) in 2013 to Sixty one (61) in 2015; This has created an opportunity for real estate services to develop and manage the hostel accommodation for the numerous private universities.
Contract with the university authorities has been signed with adequate land space allocated for the construction of the hostels Feasibility study and business plan have been completed. Investment in partnership with Greenland Concept Nigeria Limited (GCNL), an international real estate company with highly skilled management team and great understanding of the Nigerian real estate market. Attractive project returns Strong support from local authorities GCNL has made the strategic decision to invest in the Nigerian real estate industry and is looking to partner with investors who are interested in gaining entry into this highly attractive market.