Haldane McCall Plc, a prominent real estate and hospitality company, has achieved a significant milestone in its mission to address Nigeria’s housing deficit. The company recently announced the successful sale of 34 housing units in Ketu, Lagos, generating N2.5 billion in revenue. This accomplishment underscores Haldane McCall’s commitment to providing sustainable and affordable housing solutions that cater to the needs of Nigeria’s burgeoning population. The project’s success serves as a testament to the company’s dedication to quality construction and its strategic focus on bridging the housing gap while contributing to the nation’s economic advancement. This achievement aligns perfectly with the company’s broader vision of enhancing lives, creating value for shareholders, and supporting government initiatives aimed at providing affordable housing for all.
The successful completion and sale of the Ketu housing units represent more than just a financial victory for Haldane McCall. It embodies the company’s core belief that access to decent housing is a fundamental driver of both social and economic progress. By providing affordable housing options, Haldane McCall empowers individuals and families, fosters community development, and contributes to the overall well-being of society. The company’s commitment to quality construction ensures that these homes are not merely shelters but are built to last, providing residents with a sense of security and belonging. Furthermore, the project’s success reinforces Haldane McCall’s reputation as a reliable and responsible developer, further strengthening its position in the real estate market.
Looking towards the future, Haldane McCall has ambitious plans to expand its footprint in the affordable housing sector. The company has announced its intention to commence the first phase of a large-scale project in Majidun, Ikorodu, Lagos, in the coming year. This project, which aims to deliver 1,200 affordable housing units, signifies Haldane McCall’s long-term commitment to addressing the housing crisis and its confidence in the Nigerian real estate market. The Majidun project is a clear indication of the company’s strategic approach to balancing shareholder value creation with positive societal impact. By investing in large-scale affordable housing projects, Haldane McCall demonstrates its dedication to both its investors and the communities it serves.
Haldane McCall’s commitment to affordable housing extends beyond Nigeria’s borders. The company recently completed the construction of 48 additional affordable housing units in Porto Novo, Benin Republic. This expansion into the regional market underscores Haldane McCall’s vision of becoming a leading provider of housing solutions across West Africa. The Porto Novo project, valued at N2.4 billion, demonstrates the company’s ability to execute projects efficiently and effectively in diverse markets. This regional expansion not only diversifies the company’s portfolio but also contributes to addressing the housing challenges faced by neighboring countries.
The success of Haldane McCall’s recent projects, both in Nigeria and Benin Republic, has further solidified the company’s financial stability and operational efficiency. This strong performance has prompted the company to pursue a listing on the Nigerian Exchange Limited (NGX). Haldane McCall plans to list N11.98 billion ordinary shares at N3.84 each, a move that will provide investors with an opportunity to participate in the company’s future growth. The listing on the NGX will not only raise capital for future projects but will also enhance the company’s visibility and credibility in the investment community. This strategic decision reflects Haldane McCall’s commitment to transparency and good corporate governance.
Haldane McCall’s achievements in the affordable housing sector demonstrate a successful model for balancing profitability with social responsibility. The company’s commitment to quality construction, strategic project selection, and regional expansion has positioned it as a key player in addressing the housing needs of West Africa. The planned listing on the NGX further strengthens the company’s financial position and provides investors with an attractive opportunity to participate in a growing and impactful market. Haldane McCall’s commitment to affordable housing is not just a business strategy; it is a testament to the company’s belief in the transformative power of decent housing and its dedication to building a better future for communities across the region.
