Lagos remains Nigeria’s premier real estate market, and development in the state in 2022, is ranked as some of the most significant property development in the country.
At one end, the Sujimoto Construction Company Limited continues to lead and set the pace in luxury property development as the real estate company delivers its high-end Lucrezia De Medici estate, which is the most exclusive high-rise building in Africa located on Banana Island, due to be completed by 2025.
At the other end, the Lagos State government took giant strides in infrastructural development with the announcement of the construction of the Fourth Mainland Bridge, the kick-off of which has been scheduled for the first quarter of 2023.
The Lagos State governor, Babajide Sanwo-Olu had announced Messrs CCECC-CRCCIG consortium as the preferred bidder for the bride billed to cost $4.5 billion and which will be delivered by 2026.
In between these two iconic real estate developments is the Wealthy Place, the largest private commercial hub in Lagos, being built by MKH Investment, a project that also includes 400 housing units for the middle class, with a three-bedroom apartment of N25 million.
The project due to be completed in 2024, is being constructed by Destiny Crest Building Engineering Limited, owned by Muibi Kehinde Hammed, one of the seasoned property developers in the Lagos market.
Muibi Kehinde Hammed, the man famously known as Dr MKH has been active formally in the real estate sector since 2016 when he quit his bank job to become Executive Director and Chief Operations Officer of Christal Homes, a real estate development company that built at least six estates across Lagos in two years.
Muibi Kehinde Hammed thereafter founded Destiny Crest Building Engineering Limited in 2018 and followed up in 2021 with MKH Investment as a property development company.