A real estate firm, Modern Shelter Systems and Services Limited (MSSSL), has signed a partnership with Strategic Housing Group (SHG), Dubai, to tackle student’s accommodation deficiency in the country through the construction of 792-bed student housing community in the Institutions and Research District of Abuja, Myriad Abuja.
Myriad Abuja is an extension of one of SHG’s product lines which is within one square kilometre of Nile and Baze, two of the biggest private universities in the country.
The facility, according to a statement issued at the weekend, is also expected to be equipped with leisure and entertainment spots such as swimming pools, outdoor cinemas, gaming consoles and football tables.
The groundbreaking ceremony will be done in October 2022 and the property will be commissioned by 2024, the said, adding, the Myriad will also contain an array of sporting facilities including a basketball court, gyms and a mini football pitch.
The Myriad Abuja is expected to at completion house a tech hub, which will train software programmers to work from Nigeria for big tech companies in the Silicon Valley. This hub is to be run by Decagon Institute, which has so far trained and placed over a thousand young Nigerians.
The MD/CEO of Modern Shelter, Abdulmalik Mahd, said the partnership between the two firms would translate into “exciting times not just for students and young professionals looking for accommodation, it is also an investors’ delight as institutions and individuals have a safe and profitable avenue to invest in real estate”.
In response, the CEO of the Strategic Housing Group, Vik Rao, said, “It has always been part of the long-term plan to expand into Africa and Nigeria in particular. Having found the right partner in Modern Shelter; the timing is perfect.
“We look forward to giving the Nigerian market the best services obtainable anywhere in the world”.
He added that The Myriad in Dubai was already home to a lot of Nigerian students.