Magnificent Multiservices Limited, a Nigerian full-service real estate business, has registered N20billion series 1 Commercial Paper Programme on the FMDQ Securities Exchange platform with N5billion accessed already for their proposed City and Estate developments through RAEDIAL HOMES.
The quotation of the Commercial Paper was sponsored by
Keystone Bank Limited and issued through Qualinvest Capital Limited. Th e paper
strategically positions Magnificent Multiservices Limited to raise short-term
finance easily and quickly from the Nigerian debt markets.
The company will also benefit from FMDQ Exchange’s
diversified market stakeholders, its highly responsive and efficient listing
and quotation processes, and credible benchmark pricing required for
appropriate portfolio valuation, amongst others.
To commemorate the successful debut on FMDQ Exchange, a
director in Magnificent Multiservices Limited, Claris stated that“We are
extremely pleased, as this will be another step for us to expand and find
solutions to some of the real estate problems Nigerians face daily.
The success of this issue and subsequent listings are
significant indicators of increasing investor confidence in our company’s
reputation, brand, and performance. Magnificent Multiservices Limited started
as a Real Estate Firm doing great work in real estate investment over the years
with investment spread across Edo, Rivers, Lagos and Abuja. With the 20billion
commercial paper, we intend to go into full development of Smart Cities and
Smart Homes through Raedial Homes which is our development subsidiary.”
Speaking on the projects, the Chief Executive Officer,
Magnificent Multiservices Limited, Uwadiale Agenmonmen stated that” the company
provides clients with a competitive and expansive platform of offerings in
leasing, sales, investment sales, tenant and landlord advisory services,
corporate and business consulting, and development.
Clients also have the benefit of working with professionals
in general construction, property and asset management, multifamily management,
debt and equity capital placement, and data analytics. Our milestone debut
market entry will emphasize the necessary collaboration between private
entities and debt capital markets, as it enables us to pursue our multi-pronged
growth strategy of optimizing our operations and assets, expanding our
footprint, and revolutionizing the real estate sector. The commercial paper
will be used to support our enterprise on many fronts, but largely in solving
the building collapsing issues that seem to be currently plaguing Nigeria.
Experience has taught us that each time a building collapses
in Nigeria, built environment professionals in other parts of the world tend to
doubt the competence of professionals in the Nigerian Building Industry.
Building collapse is a global phenomenon, but the frequency at which buildings
collapse in Nigeria has attracted a worldwide concern on the need to assist
this country to improve on its safety performance. We are ready to take on the
challenge.”
Magnificent Multiservices Limited is a full-service real
estate business that offers integrated expertise across all property sectors,
including office, retail, hotel, industrial, logistics, prime domestic,
international, and residential. The company aims to provide its clients with
seamless access to definitive commercial and residential property advice, drive
meaningful value, and ensure a cohesive approach, as they seek to effectively
manage their global property interests.
With a vision to be “the leading real estate service
provider in the region and the preferred place of employment for real estate
professionals.”, Magnificent Multiservices Limited consistently strives to
develop collaborative partnerships based on transparency and mutual trust,
which serve to build enduring client relationships.
Magnificent Multiservices Limited is a company determined to
look to the future of real estate while bringing Nigeria along, one city at a
time, hence why the company chose to go through the development part of real
estate.
As Magnificent Multiservices Limited expands, we are
committed to these principles, which have served their company and clients
through the years. And whatever happens to housing itself, you can rely on the
fact that Magnificent Multiservices Limited will continue to be your leading
resource for exploring and discovering your future property opportunities.
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