Penthouse Properties Limited was incorporated as a limited liability company on the 6th Of June 1992 to carry out REAL ESTATE BUSINESS activities.

A BRIEF PROFILE ON REAL ESTATE FIRM OF PENTHOUSE PROPERTIES LIMITED WITH ITS SUBSIDIARY; PENTHOUSE PROJECTS LTD


The Nigerian Real Estate industry has been through a lot of upheavals in recent years with the economic and political pressures increasing competition and squeezing revenue. Everyone is operating in a rapidly changing environment. To those of us working in this sector it's a bit like riding a roller coaster.

Since its foundation in 1992 Penthouse Properties has established itself as a leading estate firm with an international capability. We are based in Abuja and Lagos, but with more than 30 staff strength we have the resources to handle major transactions without the departmental rigidity often encountered in the larger firms.

In only a few years PENTHOUSE PROPERTIES LIMITED has become a leading firm of agents, managers, consultants, and developers in the Real Estate industry. We have over the years trained some of our managers and sponsor them to obtain the seal of Professional Association of the Nigerian Institution of Estate Surveyors and Valuers (NIEVS). With these, we also carry out valuation of assets and properties. As we come together as a team we not only brought experience but clients followed because they want to be associated with us.

Whatever area of property and real estate business you are interested in, we have acted for somebody you would know. This includes government agencies and parastatals, banks and other corporate organizations; including individuals property developers and investors. The range of our clients and work might intimidate you but at PENTHOUSE PROPERTIES LIMITED every client has a space in our heart and scheme of work, and are treated equally.


Penthouse Properties is made up of hardworking, dedicated, principled individuals who share a common dream:
"To provide real investment at it's best, to those that require the best type of property, the ideal location and with an unmatchable price"
Penthouse properties limited commenced full business activities on the 3rd January 1993. Since then we have successfully carried out those functions it was created to perform.

It is therefore important to give brief explanations on those functions it performs:

1. REAL ESTATE AGENCY

Our specialty in this area is sourcing and negotiating of accommodation space for clients who are interested in having such space for a term; long or short, either for residential, commercial or office purpose. We equally source and negotiate on behalf of clients who are interested in outright purchase of any landed property either developed or underdeveloped. We equally act for property\land owners who want to lease or assign their property to a prospective and willing tenant or buyer. Our client's instruction is the tool with which we work; therefore we do not deviate from the minutest detail of such instruction.

2. PROPERTY MANAGEMENT

In this area we deal with the proper and efficient management of properties. This goes beyond leasing out the premises, collection of rent, as there are other technical challenges involved such as physical maintenance of the premises to put it in a tenantable condition at all times. Other activates and undertaking in management of properties and assets includes
· Lease Administration
· Services Administration
· Security Arrangement for the occupiers and property its self.
· Legal Administration.
· Periodic Revaluation of Property potentials among others.

3. REAL ESTATE CONSULTANCY

Real Estate Consultancy function is same as Real Estate Agency only that in this respect we advice property owners as to what rent should be passing on their properties, and also to advice them on what type of property they should develop in certain locations or otherwise.

Real Estate Consultancy deals more on advice.

4. PROPERTY DEVELOPMENT

We carry out property development on behalf of our clients and for ourselves. Our briefs here include construction works from foundation stage to actual completion-civil, electrical and interior decorations. Our reliable team of developers is constituted into another company- PENTHOUSE PROJECTS LIMITED- a subsidiary of PENTHOUSE PROPERTIES LIMITED. This enhances proper and prompt execution of projects.

Our range of completed projects valued by our firm and construction cost includes;


(1) Block Of Six Flats Of 3 - Bedrooms Each, at Garki II at the cost of N25million and valued at N60million

(2) 12 Units Of 2- Bedroom Bungalows - Well equipped and fully serviced at Garki II Constructed at the cost of N40million and valued at 120million

(3) 4 -Bedroom Bungalows With B\Q at Garki II constructed at N8million and valued at N35million

(4) 5 Bedroom Duplex With B\Q at Maitama to be constructed at the cost of N20 million and valued at N100million

(5) Twin Duplexes With B\Q at Wuse II to be completed at the construction cost of N40million and valued at N160million

(6) Estate of 26 units of 2 bedroom bungalows at Akure constructed at the cost of N40 million valued at N98million.

(7) 5-bedroom duplex with 2 bedroom flat guest chalet and 2 room boys quarter at Asokoro extension. Constructed at the cost of N435million and valued at N120million.

(8) Twin duplex of 5 bedroom duplexes with 4 bedroom guest chalet and 2 bedroom flat boys quarter to each duplex. Constructed at the cost of N45million and valued at N150million

(9) Block of 6 flats of 3 bedroom each with boys quarter at Wuse II constructed at the cost of N20 million and valued at N60million.

(10) 5 bedroom detached duplex with 2 rooms boys quarter at Maitama constructed at the cost of N28 million and valued at N110million

(11) Maisonette of 7 bedroom duplex with 2 bedroom guest chalet and 2 rooms boys quarter at Maitama to be constructed at the cost of N38 million and valued at N180million.

(12) 14 units of 2 bedroom bungalows at Wuse II to be completed at cost of N45 million and valued at N120 million

(13) Block of 6 flats of 3 bedroom each at Wuse II to be completed at the cost of N20 million and valued at N65million.

(14) Office complex development at Garki II to be completed at the cost of N45 million and valued at N170million

(15) 4 bedroom bungalow with 2 rooms boys quarter at Wuse II to be completed at the cost of N5 million and valued at N35million.

(16) 16 units of 3 bedroom bungalow all rooms ensuite at Garki II to be completed at the cost of N50 million and valued at N140 million

(17) 5 bedroom detached duplex with 2 rooms boys quarter at Wuse II to be completed at the cost of N12million and valued at N85million

(18) Penthouse Properties Head Office of 2 units of corner shops 15x10 completed at the cost of N15 million and valued at N40million

(19) 6 bedroom duplex with 2 bedroom boys quarter at Wuse one 1 to be completed at the cost of N15 million and valued at N80million

While you have the undiluted attention of experienced property developers ready to help, you also have all the resources of PENTHOUSE PROPERTIES LIMITED at your disposal. We have considerable research facilities and a good technical and administrative system to back up our work force.

We have established associations and links with other leading estate firms across Nigeria when we need advice or action in other parts of Nigeria. We also have links with leading law firms to properly guide us in the legal intricacies of the real estate world.

We have grown and developed along with many of our clients, who are now success stories. However we still remember starting out and taking investment risks and we fully support and value our small but promising clients as much as our established ones.
We advised on the practicalities of our clients giving space, time, resources and what the client should look for in return.

5. VALUATION: as earlier mentioned, we have two qualified members of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) who are currently in partnership with the company. In that capacity, we undertake valuation of assets and landed properties throughout the country to determine the open market annual and capital value of assets as well as landed properties.

Penthouse Properties is a Registered member of the following:

A.E.B.N - Association of Estate Brokers of Nigeria

F.C.A.I - Corporate Administration Institute of Nigeria

Companies affiliated with penthouse properties limited

1) Penthouse Projects Ltd (Design & Construction)

2) GWS Limited-Garbage & Waste Services Ltd (Waste Management)

3) Stallion Investment Ltd (Oil &Gas)

4) Millennium Computers (Information Technology)

Sports Development

Penthouse Properties Ltd is the proud owner of Penthouse United Football Club
Amatuer League Champions 1999-2000 Season as well as a Corporate Sponsor of Utako Football Club, Abuja.
It also worthy to note that our Managing Director is a patron of the SWAN (Sports Writers Association of Nigeria) Abuja Chapter for his Continued Interest in sports development in Abuja.


Penthouse Properties is always on the look out for progressive partnerships. We are currently

1. Looking for a foreign private investor interested in financing the development of a 5,000 housing units estate in Abuja Nigeria and a 500 housing unit estate in Nasarawa State, Nigeria.

2. Looking for a foreign company interested in investing with us in a wastage management outfit to operate in Nigeria
.

3. Looking for a foreign company interested in investing in general REAL ESTATE DEVELOPMENT PROJECTS

4. A foreign company to buy shares in Penthouse Properties Ltd