Promoters of Festac Phase 2 assure investors of project commencement

…As more off-takers express interest

NEW Festac Property Development Company Limited, NFPDCL, concessionaire and promoter of the new Festac City known as Festac Phase two comprising 1,126 hectares of land in Egolima District beside 7th Avenue, Festac Phase 1, disclosed, weekend, in Lagos that investors, both foreign and local, are falling over themselves to key into the housing project that is expected to accommodate not less than 350 families, assuring that work has commenced in earnest.

Making the disclosure when members of Perfection Real Estate Investors Cooperative Society visited NFPDCL to express interest in partnering in the housing project described as a work class city expected to be delivered in eight years, Mr. Isaac Chuks, vice-chairman, New Festac Property Development Company Limited, said investors from South Africa, United Kingdom, Germany, Sweden and others…