By Ajibola Olarinoye
Pecunia Funds, a fund raising company under CFL Group of Companies has launched a real estate investment scheme to be known as Fixed Income Real Estate Investment (FIRE-I).
Speaking during a press release on Wednesday evening, the Group Managing Director of CFL Group , Mr Lai Omotola revealed that Pecunia Funds is set to raise N300m from investors for the purpose of building a plaza for one of the subsidiaries of the company.
According to Omotola, FIRE-I scheme has been uniquely designed to cater for investors who are not interested in buying shops, but are interested in making returns from their Investments.
The Press Statement reads: “It will be recalled that in the past, we have successfully built exquisite business plazas in Lekki and Ikeja. At the commencements of those plazas, we always do what is called off plan sales; where subscribers will be given discount of 50 per cent. We have now decided that the same discount of 50 per cent should go out to investors who are interested in making returns, so, it is from this belief that we are now launching FIRE-I.”
Speaking further, Omotola added that FIRE- I is a project specific, and the returns are fixed. “That is to say, the returns of the Investment has been fixed at 50 per cent, come rain come sun, and also, it is a very secured Investment,” he said.
He stressed that the company is planning to raise N300 million Naira and selling each unit at N10 million Naira for 30 investors, noting that after 30 days of investing, each investor will begin to get repayments on installmental bases for the next 12 months on both principal and interest.
“This scheme is transparent and authentic. We therefore call on all willing investors to patronize it towards making sustainable profits,” he assured.