EDPA, Iron Projects kick-start high-end residential apartments in Benin vanguardngr.com vanguardnews
After securing necessary approvals from the State Ministry of Justice, the Edo Development and Property Agency will be signing a Memorandum of Understanding with Iron Projects Limited for the handover of a property in Government Reservation Area to the Special Purpose Vehicle on Tuesday, March 26, 2019, to signal the beginning of the partnership.
Speaking on the new Memorandum of Understanding with Iron Projects Limited, Executive Chairperson, EDPA, Isoken Omo, said that the agreement would be for the development of a high-end 18-unit apartment complex in GRA, Benin City, in continuation of the agency’s strategic plan of expanding its offerings.
She explained that the project is the first of its kind in the state, and “will signal the seriousness of the government’s drive to attract investment to the state from within the country and the diaspora. According to Isoken, “The project will be delivered through a Joint Venture Partnership between EDPA and IPL, where EDPA will provide the land as its equity contribution to the project and IPL will provide funding and technical expertise to deliver the projects.
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