Our Portfolio

Our Market- Real Estate

The markets in which we have grown and has great potential for further growth regardless of economic indices and global events like covid-19. This means that there is demand for apartments 

Overview of the Real Estate Market

The Nigerian Real Estate Industry has grown significantly since the country’s return to democratic rule in 1999 with significant inflows from domestic and foreign investors. In particular, inflows from South Africa, Middle East & Asia and the United States of America and increased investment by Local Institutional players have played a crucial role in the development of the Nigerian Real Estate industry over the last two decades.

Market Segmentation

Market Segmentation is divided into the Residential, Commercial and Industrial & Hospitality. The Residential Segment is based on administrative divisions used by the state’s government for planning and development. The Commercial Segment is supported by the rising infrastructural development in Lagos. The industrial market segment mainly consists of warehouses, factories and self-storage.

Industrial Outlook

We believe that the supply of residential properties in prime areas on the island and some key locations on the mainland will remain higher than the demand due to the proliferation of investors in this segment. However we expect higher demand than supply in the mid-market for residential properties along the Lekki Expressway and Ajah, driven by the development of industries and infrastructural facilities in the Lekki Free Trade Zone. The demand will  be higher in some location in on the mainland. We also believe that the office space segment will continue to dominate the commercial segment of the industry in the near term to medium term.

Market Drivers

The market drivers in the Real Estate industry are as follows:

  • Rising Population
  • Immigration & Urbanization
  • Gentrification & Land Reclamation
  • Economic Growth
  • Income Level
  • Expected Return on Investments.

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Our portfolio

We own and operate a diversified property portfolio of  real estate assets.

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Suru Express HotelYour ideal comfortable, top-quality guest accommodation at pocket-friendly prices with the best of amenities.

We offer comfortable, top-quality guest accommodation at pocket-friendly prices in four categories - the Suite, Deluxe, Standard and Express Gold rooms which are each fully air-conditioned and fitted with a king-sized bed and the best of modern room/bedroom accessories to make the guest as comfortable as could be desired.

Suru Express Limited currently have three hotels in different locations in Lagos State. The first is a 32-room budget hotel in the highbrow GRA Ikeja, another 21-room budget hotel in the heart of Surulere, Lagos and a 92 room’s hotel with conference facilities in Ikorodu, Lagos.

Suru Homes LimitedThe most preferred and proactive real estate company in Africa offering exceptional products and services to our customers.

HMK’s investment activities in real estate are creating value as the occupancy is continuously increasing as a lasting asset in the Company’s balance sheet. And even more important, the new housing units create a value for the population helping them to have a better live.

Suru Homes Limited plans to develop luxury residential properties and low cost housing in choice locations in Nigeria as well as chains of function halls throughout Nigeria. The company has expanded its scope of operations by launching serviced apartments for letting.

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