In what has been described by analysts as an ambitious move, Mixta Nigeria has listed N5.28 billion bond on the Nigerian Stock Exchange. The real estate firm, which is a subsidiary of ARM Group, says funds from the bonds will be directed towards creating affordable housing.
This move, according to the analysts, is a bold demonstration of the company’s confidence and belief in the Nigerian economy which have been experiencing downsides in the last couple of years.
Mixta Nigeria also believes that amidst the many challenges that have plagued Nigeria for some years, the country, with her teeming population, has remained one with boundless opportunities across all sectors of its economy. This, Kola Ashiru-Balogun, Mixta Nigeria’s managing director, explains, is why the country has continued to attract more Foreign Direct Investments (FDIs) and Foreign Portfolio Investments (FPIs).
“Considering the huge housing deficit in the country, the real estate market is as interesting as it is challenging. Interesting because of the immense socio-economic potential locked up in the sector but equally challenging due to the onerous tasks required to effectively exploit its huge economic potentials”, Ashiru-Balogun noted in an interview.
He believes that the bond will do well at NSE given that the company has an enviable pedigree. According to him, “ARM is a brand which Mixta is proud to associate with. It remains our parent company and we are continuously in strong association with the brand”, he said.
Continuing, he said, “our new identity as Mixta Africa has provided a continental platform and made impact with a ripple effect on Mixta Africa bottom line given that ARM remains a conspicuous part of our brand identity till date”.
Today, the real estate market in Nigeria is recording negative growth but Mixta Nigeria is not only confident but also determined to weather the storm. Ashiru-Balogun says that, as a business, the company has stayed relevant through the changing economic terrain by simply acknowledging the importance of change and always striving to remain a step ahead.
“This comes with a lot of deliberate efforts in ensuring our strategic objectives capture all the realities of the economic environment while also accounting for potential disruptions. Our people are our greatest assets and this is evidenced in the quality of human capital we have at Mixta Africa. They constitute the bulk of bringing the strategic visions to operational reality”, disclosed.
Mixta Nigeria is the developer of Lakowe Lakes Golf and Country Estate. This is an ambitious project and potential investors only need to visit the property to fully appreciate the amount of thought, best in class technology as well as planning that has contributed to making the development so unique.
“The story is, however, far from complete, Lakowe Lakes Golf and Country Estate still has a whole scale of achievements left and the opportunities for returns are clear to any discerning investor. For home- seekers, we provide a secure, tranquil and modern abode, serene environment to ensure good quality of life, a premium lifestyle for anyone that lives on the property.
“We have deployed state-of-the-art security systems and living facilities comparable to developments of its type worldwide. We constantly benchmark our performance on best practice standards and ensure every home owner gets good value for his investment”, the managing director assures.
CHUKA UROKO
