In a significant strategic shift, LandWey Investment Limited, a leading player in Nigeria’s real estate sector, is setting its sights on a public listing, following a bold attempt to acquire UPDC in 2020.
According to a statement made available to newsmen on Wednesday, in Lagos, the property development company said the move marks a new chapter for it as it seeks to expand its footprint and enhance its market presence through access to broader capital markets.
“The potential public listing is anticipated to attract significant interest from investors, given Landwey’s reputation for delivering high-quality real estate projects and its ambitious growth plans. The company has been in the forefront of developing innovative residential and commercial projects that cater to the evolving needs of Nigeria’s urban population,” the statement added.
Recall that in 2020, LandWey made headlines with its ambitious bid to acquire UPDC Plc, one of the largest real estate development companies in Nigeria. While the acquisition did not materialize, it showcased LandWey’s aggressive growth strategy and its readiness to make major moves within the real estate industry.
Commenting on the development, Mr. Olawale Ayilara, the Chief Executive Officer of LandWey, noted that the decision for the company to go public is seen as a strategic pivot that will enable it leverage the capital markets to fuel its expansion plans and embark on new projects.
“Going public is expected to provide Landwey with the necessary financial agility to capitalize on market opportunities, drive innovation, and further solidify its position as a market leader in the Nigerian real estate sector.
“Landwey’s exploration of a public listing is a testament to our growth trajectory and our commitment to enhancing value for our stakeholders.
“The move is aligned with our vision to redefine the Nigerian real estate landscape through innovative and sustainable development,” he said.
Industry analysts view LandWey’s public listing plans as a positive development for the Nigerian real estate sector, signaling confidence in the market’s potential and providing an avenue for retail and institutional investors to participate in the sector’s growth.
As Landwey prepares for this next phase, the company remains focused on its mission to provide innovative real estate solutions that contribute to the socio-economic development of Nigeria.
The move to become a publicly listed company is expected to open new avenues for growth and collaboration, further enhancing LandWey’s impact on the Nigerian real estate landscape.
With this strategic pivot, LandWey not only reinforces its commitment to growth and innovation but also invites the wider investment community to be a part of its journey in shaping the future of real estate in Nigeria.
