ADVERTISEMENT
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Sunday, May 22, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Data and Infographics
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • COVID-19
    • News Reports
    • Special Reports and Investigations
    • Data and Infographics
    • Health Specials
    • Features and Interviews
    • Multimedia
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Data and Infographics
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Deputy Governor of Benue State, Engr Benson Abounu (middle) laying the foundation stone of BIPC-Cosgrove Smart Estate while the Chief Technical Officer, Cosgrove, Engr Baba Kalli (Left) and a cheerful Managing Director, BIPC, Dr Alex Adum assist him, at the estate site, Mabushi, Abuja, recently.

Deputy Governor of Benue State, Engr Benson Abounu (middle) laying the foundation stone of BIPC-Cosgrove Smart Estate while the Chief Technical Officer, Cosgrove, Engr Baba Kalli (Left) and a cheerful Managing Director, BIPC, Dr Alex Adum assist him, at the estate site, Mabushi, Abuja, recently.

Cosgrove, Benue Govt collaborate to build 36-unit smart homes in FCT

The deal is a public-private partnership.

byPress Release
July 20, 2021
4 min read

Cosgrove Investment Limited has sealed a multibillion naira smart estate development deal with the Benue Investment and Property Company (BIPC) Limited for the development of 36 units super smart homes that will consist of 10 units of five-bedroom detached duplexes and 26 units of four-bedroom terrace duplexes.

The estate, which groundbreaking ceremony was performed by the Executive Governor of Benue State, Samuel Ortom, at the construction site of the estate in Mabushi, Federal Capital Territory, on Thursday has a project completion timeline of 18 months.

Speaking at the ceremony, the governor, who was represented by the Deputy Governor of the state, Benson Abounu, said the groundbreaking ceremony is “extremely important not only to Benue State government, but also to the economic development of Benue State and the country.”

“Recently, the BIPC Board made a fresh presentation to the Executive Council that they have found a reliable investor who desires to collaborate with Benue State government in order to actualize the dream,” he said.

“The Benue State Executive Council carefully examined and scrutinized Cosgrove via a behind the scene investigation to find out the viability or otherwise of Cosgrove as a competent investor, and we came to the realization that Cosgrove Investment Limited is a very reliable investment company.”

Governor Ortom said “as a result of that, the Benue State Executive Council unanimously passed a resolution to collaborate with Cosgrove for the development of the land.”

He said the government has considered and approved the designs and that construction will start immediately. “I like to express the gratitude of Benue State Government to Cosgrove Investment Limited,” he said, stating that the government of Benue State will do everything possible to support the company.

“We are confident that you will introduce the most recent technology,” the governor added.

The Chairman of Cosgrove, Umar Abdullahi, described the ceremony as a remarkable public private partnership between the Samuel Ortom-led government of Benue State and a wholly indigenous yet forward-looking construction company – Cosgrove Investment Limited through the aegis of the Benue Investment & Property Company.

While saying that Cosgrove is focused on pioneering the integration of technology and automation in real estate development in Nigeria, he assured that it resolved to be the investment partner of choice for institutional investors like BIPC to accomplish set goals, adding that the Public Private Partnership is the quintessential vehicle that captures the Benue State government’s goal through the BIPC to drive economic development in the state by promoting, managing and investing in projects which maximize stakeholders’ value.

Mr Abdullahi, who was represented by the Chief Technical Officer, Cosgrove, Baba Kalli said: “Cosgrove is the obvious choice for this as our strategic strength integrating technology and automation in construction enhances user experience in the built-up space and creates high yield assets by way of the homes constructed.”

He said the estate, which will sit on 1.29hectares in Mabushi District of the FCT consist of 36 state-of-the-art smart luxury homes, adding that every real estate investor knows that location is key to the value of every asset.

“With its proximity to strategic locations within and around the FCT – the airport, major shopping malls, recreational centres, just to list a few,” he added.

Discussing some features which home owners will enjoy in the estate, he listed Fibre to the Home supported by full fibre optic cabling, and Automatic Number Plate Recognition at the gate adding that “Cosgrove is the first company to offer this in Nigeria.”

Chairman of the occasion, Gabriel Suswam, commended the collaboration between Cosgrove and BIPC saying that it is in line with global best practices in the real estate investment sector. “All over the world, governments are collaborating with competent private sector operators who have the technical and financial competence to deliver great initiatives for development,” adding that the BIPC Management and its Board must be commended for deeming it necessary to engage a competent investor in Cosgrove.

According to the Chairman, who was represented by Rt Hon Tengo Tegba, “I am happy that piece of land which has been lying undeveloped for the past 20 years is now being developed for investment purposes by BIPC and Cosgrove.”

Sen Suswam, who was governor of Benue State, commended the “management of Cosgrove for taking a very bold step to collaborate with the BIPC despite fears associated with public sector investments of this nature as a result of possible change in policy.”

Mr Abdullahi said HD CCTV cameras with Artificial Intelligence (AI) capabilities will be part of the star features of the homes, adding that the cameras will be managed from a central security hub to ensure safety. “All homes have spacious rooms with ensuite conveniences as well as customisable rooms for home gym or cinema should the home owner desire,” he added.

“The homes in the BIPC-Cosgrove Smart Estate will come equipped with our signature automation systems to not only give residents superlative living experience, but ensure outstanding return on investment for the investor,” he assured.

The Chairman, Board of the BIPC, Mike Mku, described the collaboration between Cosgrove and BIPC as a key achievement of the Samuel Ortom-led government of Benue State, stating that all the members of the BIPC Board are present at the occasion in view of its strategic importance to the economic development of the state, with BIPC and Cosgrove as drivers of the initiative.

BIPC has a statutory mandate to invest, make profit and raise revenue for the state and we have identified an able partner in Cosgrove, he explained, adding that the collaboration is a milestone in BIPC’s property development mandate.

According to Mku, “The BIPC-Cosgrove Smart Estate is one of our star projects, and we engaged Cosgrove because we are aware of the ability of the company to deliver,” Mbu said while also quoting the Chairman of Cosgrove as saying that the estate will introduce a completely new development in luxury living via latest innovations in smart homes.

He expressed confidence in the ability of Cosgrove to deliver a world class smart estate in collaboration with BIPC, stating that the Automatic Number Plate Recognition (ANPR) security system, smart cameras, motion detectors and other top of the range security systems promised by Cosgrove are necessary to enhance security in modern day living.

Advertisements



The Board Chair said: “The fact that we engaged an internationally recognized smart homes development expert – Cosgrove, means that we will get best results and value from the landed property being developed,” adding that BIPC is a state-owned company that will continue to collaborate with competent companies.

Managing Director, Benue Investment and Property Company Limited (BIPC), Alex Ter Adum, said there are 36 units consisting of 10 detached duplexes of 5 bedroom, and 26 terrace duplexes are 4 bedroom. He said BIPC is an investment company and looks forward to making good profits from the deal. We are already discussing with off-takers and we will leverage on the reputation of Cosgrove as well as ours to achieve set goals.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

CITIZEN-FM AD


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: Why women cheat: what every Nigerian man should know







PT Mag Campaign AD

Previous Post

How Sunday Igboho was arrested in Benin Republic

Next Post

Sunday Igboho gave himself up to police, lawyer claims

Press Release

Press Release

More News

Photo Caption: L-R: Mrs. Adebimpe Ihekuna, Group Head, Product & Market Development, Polaris Bank, Teju Abisoye, Executive Secretary, LSETF, Segun Opeke, Executive Director, Lagos Business, Polaris Bank and Omolara Adewumi, Director of Programs, LSETF at the Launch of N1b LSETF/Polaris Artisans Fund in Lagos on Wednesday.

Polaris Bank, Lagos State Employment Trust Fund launch N1b fund to empower artisans in Lagos

May 20, 2022
NB Plc partners with Konexa to deliver 100% renewable energy to its Kaduna Breweries

NB Plc partners with Konexa to deliver 100% renewable energy to its Kaduna Breweries

May 19, 2022
Tecno win a trip to Kenya

TECNO is offering you a free trip to Kenya, what are you waiting for?

May 19, 2022
L-R: Chairman, Nigerian Breweries Plc, Chief Kola Jamodu; Secretary to the Enugu State Government/Representative of Enugu State Governor, Prof. Simon Ortuanya; Chief Executive Officer, HEINEKEN, Mr. Dolf van den Brink; Director Trade & Exchange, Central Bank of Nigeria/Representative of the CBN Governor, Dr Ozoemena Nnaji; Managing Director, NB Plc, Mr. Hans Essaadi and Assistant Director, Industry Development Department, Federal Ministry of Industry, Trade & Investment/Representative of the Minister for Industry, Trade & Investment, Mrs. Olumuyiwa Ade-Ajayi during the civil works commissioning ceremony for Ama Brewery Expansion in Enugu State.

Governor Ugwuanyi commissions N56 Billion NB Ama Brewery expansion project in Enugu

May 17, 2022
Peace Mass Transit

Peace Mass Transit upgrades by retraining drivers for improved service, highway safety

May 17, 2022
Chief Executive Officer, Lagos Free Zone, Mr. Dinesh Rathi; Managing Director, Falcon Corporation Limited, Prof. Joseph Ezigbo; Chief Executive Officer, ND Western Limited, Mr. Eberechukwu Oji; Managing Director, Optimera Energy, Mrs. Audrey Joe-Ezigbo; Managing Director, Fintech & Infrastructure, Tolaram, Mr. Navin Nahata and Managing Director, First Hydrocarbon Nigeria Limited, Mr. Femi Bajomo during the signing ceremony of the Gas Infrastructure Development Agreement for Lagos Free Zone, held in Lagos today.

Falcon Corporation, ND Western & FHN consortium sign Gas Infrastructure Development Agreement with Lagos Free Zone

May 17, 2022
Next Post
Sunday Igboho [PHOTO: BBC Pidgin]

Sunday Igboho gave himself up to police, lawyer claims

Chairman, Cosgrove Investment Limited, Mr Umar Abdullahi (5th from right, on front row), and the Acting Executive Secretary, Federal Capital Development Authority (FCDA), Hajiya Zaliha’u Ahmed (middle, front row) and other management staff of Cosgrove and FCDA, shortly after Cosgrove handed-over the newly renovated 188-seater conference hall to the Authority, at the FCDA Headquarters, recently, in Abuja.

FCDA honours Cosgrove for refurbishing conference hall

Leave Comment

Search

AUN-PT Ad





Transport-Technology


Stanbic Ad


Access Bank Ad





Glo Ad


Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 1,844,515 other subscribers.

Advertisement






netherland biz school Advert



Zenith Advert

ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • Dubawa
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.