Founder and Chairman of GText Holdings (centre), Stephen Akintayo, with Group Chief Operating Officer (GCOO) of GText Holdings, Bukola Lukan (left) and GM of GText Homes, James Udiyangu, during the 10th anniversary thanksgiving celebration of GText Homes and GText Lands in Lagos.
Founder and Chairman of GText Holdings, Stephen Akintayo, has said the real estate company will heavily diversify its business portfolio in the next phase of its growth path.
“In the next 10 years we are diversifying hugely. You know, our agribusiness expects to be one of the largest sellers of rice in the whole of Africa in the next 10 years,” Akintayo said recently at the 10th anniversary celebration of Gtext Homes and Gtext Lands, 'The Road to 2030: Real Estate Trends That Will Shape the Next Decade.'
Akintayo disclosed that the business will further diversify into the retail sector in the next 10 years by developing facilities such as malls, schools, hospitals to service its properties across 30 locations in Nigeria.
According to him, the business was heavily involved in land acquisition in the last 10 years, due to the strategic role of land in real estate development.
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“The way we did it in the first 10 years was by acquiring land, because land is the base of every economic activity and if you have land at a strategic location, from there you can build a mall, you can have a school, you can have hotels, every other thing can be built on land,” he said.
Akintayo also revealed that GText Homes will resume physical development of its properties as part of a strategic development plan. “We're also going into housing now; we've put housing on hold because of everything that's going on.
“So we are hoping that in the next 10 years, we will have 25,000 houses in Africa that are built by us,” Akintayo said.
Group Chief Operating Officer (GCOO) of GText Holdings, Bukola Lukan, said GText Land and GText Homes are not only setting a milestone in years, but are also celebrating a decade of vision, excellence, integrity and growth.
He added, “As we celebrate this 10-year journey, we also look forward to the next decade of innovation, sustainable growth and continued impact in the real estate industry. Together, we will create not just homes but homes, communities and legacies.”
Lucan also took time to appreciate customers, partners and investors. “To our customers, thank you for trusting us with your dreams. To our partners and investors, thank you for believing in our vision.
“And to our dedicated team, past and present – you are the heart of this success story. Your commitment, creativity and hard work created the foundation on which we proudly stand today,” said Lucan.
