Pentagon Real Estate Investment Limited

Pentagon Real Estate Investment Limited is a privately-owned company incorporated on 6th February, 2007 with the objective of providing Real Estate services to individuals and corporate bodies. It commenced business shortly after incorporation and has its head office at Suite E68, Ikota Shopping Complex, VGC, Lekki Peninsula, Lagos State. The Company is managed by professionals with several years of training and experience both in Nigeria and abroad. It is currently handling a number of estate development projects which include Mainland Park, Cedar Garden, Sheba Garden, Palms Garden and Rehoboth City. Foundational Philosophy The housing deficit in Nigeria is estimated at between 17-20million housing units while current home ownership rate is estimated at 25%; compared to 84% in the Indonesia and 73% in Kenya and 56% in South Africa. All efforts of both the Federal and State Governments geared toward addressing this problem have proved grossly inadequate. The effort of majority of real estate private sector players is like a drop in the ocean and has been unable to significantly alter the ugly picture. This in part can be attributed to the profit maximization drive of these establishments. Our founding philosophy is therefore borne out of the compelling need to think outside the box if the Country must experience any form of improvement in the current state of housing provision across the states. The need for this paradigm shift has led Pentagon Real Estates Investment Ltd. (PREIL) to the identification of pertinent issues in housing delivery in Nigeria.