Nigeria-based real estate company Landwey has just obtained 25% stake in Vistafront– a real estate projects funding startup. The crowdfunding platform creates a platform for people to invest in real estate and cash out returns at the end of the cycle through their mobile phones.
Vistafront will leverage Landwey’s vast experience to roll out new service offerings on its platform. The new offerings will join Vistafront’s existing projects which is available for about N25,000 per unit. All investors get to make 12% within 6 months.
According to Landwey founder, Olawale Ayilara; they are always ready to provide means for their clients to get invest more in real estate. As they see the need to grow in the real estate sector. He said they are excited about the partnership.
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Vistafront in a bid to ensure the provision of quality service, see to it that 1% of every unit client funds are allocated to Social Infrastructure Impact Project (SIIP). The SIIP cuts across schools, community homes, hospitals, and other social amenities meant for the less privileged. They ensure that clients who fund units worth up to N10,000 as 1%, do not get charged another 1% irrespective of the units funded.
According to Segun Ajuwon, Managing Director of Vistafront; every project on the site a strict vetting process by their in-house team and partners. The partners include; Nachtwey Advisory Services Limited– a SEC-registered Asset Management company, Emerging Africa Capital Group— a licensed Trustee firm, and AXA Mansard– an insurance company.
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