Landgate targets 800 housing units in Nigeria expansion push

Landgate Investments Limited, Lagos-based leading real estate and property development company, plans to deliver more than 800 housing units across Lagos and Ogun states, widening its presence in Nigeria’s fast-growing property market as demand for residential housing and student accommodation continues to rise.

The company unveiled the projects during its quarterly business review, where executives, board members and staff assessed first-quarter operations and outlined plans for new developments scheduled to begin in phases from the second quarter of 2026.

Key projects include Morayo Hostels, a 780-unit student housing development opposite Olabisi Onabanjo University in Ogun State, a 300-unit bungalow estate along the Ibeju-Lekki corridor and eight three-bedroom terrace homes with boys’ quarters in Ajah, Lagos.

Chief Operations Officer Aminat Banuso said the company is focusing on projects that combine affordability, long-term investor value and practical housing needs.

According to her, every development must pass internal benchmarks tied to quality, accessibility and community impact before construction begins.

“If a project does not meet our standards for value, quality and accessibility, we do not proceed with it,” Banuso said.

She cited the company’s Ajah housing project, which began in April 2025 and is expected to be completed by May 2026, as part of Landgate’s effort to strengthen delivery timelines ahead of larger-scale developments.

Morayo Hostels offers flexible investment options

Banuso said the Ibeju-Lekki project was designed for middle-income buyers seeking property in one of Nigeria’s fastest-developing districts, while the Morayo Hostels scheme was structured to give investors flexible entry options across different budget levels.

She added that the company’s growth plans are tied not only to expansion but also to maintaining operational standards across its developments.

“The value clients and investors see outside the company reflects the standards we maintain internally,” she said.

Project Manager Aghorunse Joshua said the developments would follow a phased construction approach aimed at maintaining quality control and meeting delivery targets.

“Each phase has measurable milestones, and every stage must meet approved standards before the next begins,” Joshua said.

He added that construction timelines for the Morayo Hostels project were being aligned with academic calendars to allow students move in at the start of school sessions.

Landgate expands along Ibeju-Lekki

Part of Landgate’s expansion is centered on the Ibeju-Lekki corridor, which has attracted increased investor interest following large-scale industrial projects including the Dangote Refinery and continued activity within the Lekki Free Trade Zone.

The area is also home to Pan-Atlantic University and leisure destinations such as La Campagne Tropicana and Eleko Beach.

Banuso, however, urged prospective buyers to carry out proper checks before purchasing property in the area, particularly around land titles and ownership documentation.

“Ibeju-Lekki offers strong opportunities, but investors must verify documents properly and work with credible developers,” she said.

Oyelakin leads affordable housing drive

Founded in 2022, Landgate Investments Limited provides residential, commercial and investment property services across Nigeria. The company also manages rental operations, property administration and estate development projects.

The firm is led by Taoheed Oyelakin, a University of Lagos accounting graduate and former executive at Lekki Gardens Estate Ltd. Oyelakin has focused on affordable housing projects and property investment opportunities in emerging urban corridors.