The Pentland City Quays - Ikota, is a joint venture Real Estate development initiative by Pentland Realities Limited (PRL) and acclaimed property developer - MEGAMOUND.
It's a 108 unit of flat development over 11,000sqm of land at the existing Lekky County Estate Ikota (Three minutes Drive from Chevron). The joint venture is such that MEGAMOUND provides land and Pentland Realties Limited provides requisite design ,structure, market and necessary approvals to develop the property.
Pentland Realities Limited has further engaged the services of acclaimed American Real Estate Design and Construction firm - DesignGenre to articulate a design structure that is Eco-friendly, affordable and yet has a sense and feel of Luxury for prospective customers and investors.

This investment initiative comes at a time when we recognize a current gap in the housing industry especially as it relates to satisfying prospective real estate investors or customers need in acquiring affordable housing and yet with a touch of luxury.
With the current rent price for three bed room flats around Lekki to VGC area between one million five hundred thousand (₦1,500,000) to four million naira (₦4,000,000) per year, and the collapse of the biggest mass housing scheme in Lagos, there is the need to quickly fill the gap and lure prospective customers to design structures that speak class and luxury, yet is affordable.
The City Quays - Ikota Project presents the opportunity to fill this gap and give prospective investors the potential to earn over 25% of their initial investment in 18months. The project is currently estimated to yield over 27% in return and generate an IRR of 15% over the lifecycle of the project.

As part of our strategic imperative, we have budgeted and are committing over 8% of the total project revenue to marketing and marketing fees to enable us generate the much needed awareness and traction in the market.
Engaging niche markets such as cooperatives of International Oil companies (EXXON, CHEVRON, SHELL & TOTAL) and multinational companies such as (GUINNESS, MTN and BAT) to lock into the pre sale offer and then enlarge the marketing net to the public.
Our Marketing and Sales plans include: taking a full cover weekly in Guardian, Punch and Castle Magazine for the first three months of this project campaign. We would also have radio jingles aired in four most listened-to radio stations in Lagos to buttress our marketing effort.
We are also engaging Mortgage Banks and independent marketers to assist in selling the units.