PAC Holdings Limited, through its real estate arm, BRICS Property and Infrastructure Development Limited, has entered into a joint venture with Dutum Company Limited to develop a residential estate on Waziri Ibrahim Crescent, Victoria Island, Lagos. The estate will consist of 20 housing units designed to provide modern living within the city’s commercial and residential hub.
The collaboration between the two companies marks a new phase in PAC Holdings’ property development strategy, focusing on sustainable housing and quality urban planning. The project will integrate functional design, environmentally responsible building methods, and access to essential lifestyle facilities.
Speaking about the partnership, Mr. Sina Alimi, Deputy Group Managing Director, PAC Holdings, said: “This partnership with Dutum Company is a strategic milestone in our mission to reshape urban living in Africa. We are building more than homes; we are shaping communities that reflect the highest standards of innovation, sustainability, and modern luxury.”
Mr. Temituokpe Igbene, General Manager, BRICS Property and Infrastructure Development Limited, explained that the Group aims to maintain strong delivery standards in its real estate ventures. “We are committed to raising the bar in real estate development, pairing visionary design with uncompromising quality. With Dutum as our construction partner, we are confident this project will set a new benchmark for premium residences in Lagos,” he said.
Also speaking on the partnership, Temitope Runsewe, Managing Director, Dutum Company Limited, said the collaboration represents the firm’s ongoing effort to contribute to reliable construction and infrastructure development. “Partnering with PAC Holdings on this flagship project reinforces our dedication to delivering structures that blend functionality, aesthetics, and durability. Together, we aim to build a project that stands the test of time and sets a gold standard in the Nigerian real estate landscape.”
The official signing ceremony took place in Lagos and signalled the start of construction on the new residential estate.
PAC Holdings is a diversified investment and financial services group with interests in investment banking, asset management, real estate development, and social impact initiatives. Through BRICS Property and Infrastructure Development Limited, the Group undertakes projects across Africa focused on real estate and infrastructure growth.
