Brains and Hammers Limited, a foremost infrastructure, hospitality, commercial and residential real estate company in Nigeria has raised N8 billion Sukuk funding from private capital market for investment.
Adebola Sheidu, Chairman, Brains and Hammers, expressed delight at the SUKUK investment, noting that it represents a vote of confidence in the company.
“With phase 1 of the Bungalow City project nearing completion in less than one year after construction started, the 1, 2, and 3-bedroom housing units are proof that we are not just at the forefront of providing affordable housing development in Nigeria, we are building infrastructures as well,” he said.
“The ongoing construction of a 3.8km access road and over 3km internal road network within phase 1 of the project is a pointer to that fact.
“This infrastructural development is supported with recreational facilities including schools, Banks, a business hub, and a shopping mall, accentuating Brains & Hammers’ commitment to creating a healthy Live, Work & Play environment around their mega projects across the country.”