Metro and Castle Transitions into Next Phase of Development
Metro and Castle Limited, a full service real estate company with a proven track record of delivery in real estate, is poised to transition into its next phase of development ideas, which is going way harder on its mission target of building 300 housing units at its inception in 2018. According to its Managing Director/ Chief Executive Officer, Mr. Abdul Adekunle Rasheed, when the company began the journey in 2018 its first five years goals and objectives were to provide 300 housing units and three retail outlets.
“Metro Group was conceived in 2018 and our ultimate goal is to provide good communities and conducive environments for people and all necessary infrastructures and facilities in place and also bridge the gap between fraudulent engineers and developers. We want to bridge that gap and make people feel very comfortable to invest their money in Nigeria.”
“We are hoping and working towards delivering at least 500 housing units within the next five years while we also upscale the environment with our third retail outlet.”
“We have other things coming in like the sports centre. We had to collapse the initial one because it was too small. It was 1, 200 square metres but now we are building it on more than 4,000 square metres. We are going to have about three football pitches, badminton and some other things in the sports centre. So, it is a bit more loaded than the old one”, Rasheed noted.
Expressing that Metro and Castle is striving to wrap up its first five years goals and then move to the second phase of its community development, he noted, “We are currently conceiving new estates as I speak. We have signed a couple of joint ventures, trying to acquire one or two properties here and there and development has begun in earnest.”
Rasheed recalled that the Metro and Castle Limited was born out of a need to provide community solutions to the Nigeria environment as a whole.
“Metro and Castle was conceived out of the frustration of many individuals, mostly people in diaspora. You hear stories like we bought a house from one Nigerian developer and the house is not ready for more than two years or we got duped. I think that gave us a problem to solve. So, we are not just doing business as usual, I believe we are in the environment to solve problems.”