The Evolution of
real estate
LCEM Ltd is introducing
a “special purpose acquisitions company” (SPAC) called Property investment Fund to help our company invest further.
LCEM Ltd is hoping to raise N2 Billion, using our successes in the real estate market to encourage new investors.
The SPAC will eventually trade under the ticker symbol “LCEM Ltd” on the Nigeria Stock Exchange. LCEM Ltd will sell 20 million units at N1000 each and return money to investors if it doesn’t acquire properties for development and go public within 24 months. Among the targets: Land, Properties, and Shopping Centres within Ikoyi, Victoria Island, and Lekki environs.
SPACs are formed to raise capital to acquire existing companies. The funds are placed in a two-year escrow account, and once a deal is identified, it’s presented to investors. Investors can exit if they don’t approve a proposal. But if a deal gets done, investors can also obtain options to buy shares of the new investment properties purchased at some future date.
10 Units of Luxury 3 Bedroom Flat (3 units left)
Luxuriously Furnished 2 Bedrooms Penthouse
Location: Off Idejo Street, Victoria Island
Rent: 5m
Service charge: 3m
Las Colinas Town
Homes is an arm of LCEM LTD that offers comfortable, modern, well-appointed and
cost-effective serviced apartments that are ideal for short to long-term stays
for private individuals, corporate staff and public sector personnel.
I would like to thank you for the excellent coordination of
my reservation and the service rendered to me while I stayed in your shortlet .
Well done, a superb job indeed. I never had hustles with my logistics, and
surely will definitely use your apartment each time I come for vacations! I
will also make sure that my friends and colleagues use you for their lodgings!
John Smith
lagos