Haldane McCall generates N2.5bn via housing units

A real estate and hospitality company, Haldane McCall Plc, generated N2.5bn from the sale of 34 housing units completed earlier this year in Ketu, Lagos.

In a statement made available to our correspondent by the company on Monday, the company said this achievement underscores its commitment to addressing the housing needs of Nigeria’s growing population.

Speaking on the milestone, the Group Managing Director of Haldane McCall Plc, Edward Akinlade, said, “This project is a testament to our dedication to delivering sustainable housing solutions that empower communities and improve the standard of living. By focusing on affordability and quality, we are bridging the housing deficit while contributing to Nigeria’s economic development.”

He added that the projects are not just homes but part of the company’s vision to enhance lives, create value for shareholders, and support the government’s efforts to provide affordable housing.

“At Haldane McCall, we believe that housing is a fundamental driver of social and economic growth.”

Looking ahead, Akinlade noted that Haldane McCall plans to commence the first phase of its 1,200 affordable housing units project in Majidun, Ikorodu, Lagos, in the new year.

“These housing projects reflect our long-term strategy of balancing shareholder value with societal impact. Shareholders and investors can view this milestone as proof of our operational efficiency and financial prudence in executing large-scale projects,” Akinlade added.

The statement added that the company recently completed 48 additional affordable housing units in Porto Novo, Benin Republic, valued at N2.4bn.

The PUNCH reported that real estate and hospitality group Haldane McCall Plc has concluded plans to list N11.98bn ordinary shares of 50 kobo at N3.84 each on the Nigerian Exchange Limited.