In an effort to make homeownership more accessible to Nigerians residing in the United States of America, Dr. Stephen Akintayo, the Founder and Chairman of Gtext Holdings, has revealed plans to construct the largest green luxury estate in the United States Of America.
During a Gvest Global (a subsidiary of Gtext Holdings) dinner with mentees and investors in Lagos, Akintayo expressed his determination to propel Nigeria to prominence in the global real estate industry.
According to the Serial Entrepreneur, Gtext Holdings is working towards building the largest green luxury estate in the United States of America.
Akintayo revealed that the green estate which would sit on recently acquired 40 acres of arable land would also account for the largest stretch of luxury housing in the U.S. raising the bar for the fusion of luxury and technology in modern housing. “The building designs for the project would range from mansions to apartments and single family units standing exclusively in Houston-Texas. In the next five years, we will be contributing assets worth at least $5 billion in terms of real estate in the United States alone. We would be building massive housing with the 40-acre property. The houses would be green meaning we are not connecting to the national grid. Power would be generated through solar and wind.”
The Gtext Boss revealed that those who want to buy from the land could buy land and build their own mansion. “We have these exclusive for those building $2,000,000 property and above. So they will buy the land and build what they want and then we have off-plan subscribers into our green and smart housing.”
In his vision to drive entrepreneurial growth, the Stephen Akintayo Foundation awarded a total of $100,000 grant to twenty beneficiaries.
Akintayo during the event also revealed that although the beneficiaries of this year’s grant are Nigerians, the goal is to support African businesses all over the world. “We started with N500, 000 during COVID-19 then it increased to one million. This year, we have increased it to $5,000. We are ending this year with about 20 beneficiaries. We hope to raise the bar next year as we are opening the opportunity to people in other African countries.
We are taking the five African regions, West, Central, South, North and East Africa. We are also taking Africans in diaspora. We are taking Dubai, US, UK and Canada. Coincidentally, these are markets we also play in.”
Some beneficiaries of the grant who spoke at the event said that through the support from the grant, they have been able to scale up their businesses.
The Serial Entrepreneur during the event also announced that he recently stepped down as the group CEO of the company to occupy an advisory role as the Chairman of Gtext Holdings, rendering administrative oversight to his business and supporting young entrepreneurs thrive through the Stephen Akintayo foundation.
Akintayo said: “I decided to step down as the Group CEO because what we need in this phase is institutional funding and that is not really my forte. This is why I appointed investment banker, Mr Rana Ijaz as the new Group CEO to pilot the affairs of the organisation going forward. There was a need to bring someone who is experienced in institutional funding at a global level since it is no longer just a Nigerian company. In Dubai we control over a hundred houses, we are in the UK, we are in the US and here is somebody who understands that path.”
Source: The Guardian