What this project will fund
1,200-unit mixed-income housing development with retail, green spaces and mortgage-linked ownership.
A 1,200-unit mixed-income residential estate in the Ibeju-Lekki corridor, delivered through a public-private partnership with the Lagos State Ministry of Housing. Units are pre-sold to qualified buyers via a mortgage-linked scheme, with construction payments backed by off-take commitments.
Project highlights
- PPP with Lagos State Ministry of Housing
- 1,200 units across 1, 2 and 3-bedroom typologies
- Mortgage linkage to Lagos Building Investment Company
- Solar hot-water systems and rainwater harvesting
Project phases
- Phase 1Due diligence & SPV setupUpcoming
- Phase 2Investor subscription opensUpcoming
- Phase 3Construction & deploymentUpcoming
- Phase 4Commissioning & first payoutUpcoming
Financial structure
- Total project size
- $12M
- Indicative raise
- $5.2M
- Investor share
- To be confirmed at launch
- Payout cadence
- Quarterly
How we mitigate risk
- Pre-sales risk mitigated by mortgage-linked off-take agreements.
- Construction delay covered by performance bond and liquidated damages.
- Currency risk partially hedged through USD-linked unit pricing.
Who we're in conversation with
The organisations below are being considered as partners and counterparties for this project. None of these relationships are finalised — they represent the shortlist we are actively engaging as the project moves toward launch.
Project your returns
Based on an illustrative return of 10% APR over a 48-month tenor. Final terms will be confirmed when subscription opens.
Charts update live as you adjust the investment amount.
Illustrative only. Actual returns depend on project performance and the SPV's cash waterfall.
Where your slice will sit
A breakdown of how this project is expected to be financed. Higher tranches are repaid first from project cash flows once distributions begin.
- Diaspora senior debt← your tranche55%
- Sponsor equity25%
- Grant / concessional20%
How the raise is deployed
Every dollar is allocated against a line item in the project budget, audited quarterly.
- Land acquisition & permits22%
- Civil works & superstructure34%
- Finishes, MEP & fittings18%
- Roads, drainage & utilities12%
- Retail & community facilities8%
- Contingency & working capital6%
Questions investors ask
Who buys the homes?+
Units are pre-sold to qualifying buyers via mortgage linkage with Lagos Building Investment Company, providing a contracted revenue stream.
What happens if sales are slow?+
A 15% pre-sales threshold was required before groundbreaking, and the state has committed to absorb unsold affordable units into its housing scheme.
Be first in line for Lagos Affordable Housing Estate
This project is currently in development. Join the waitlist to be notified the moment investor subscription opens.