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African Construction Giant, Sujimoto Explains 400% ROI In Two Years Offer

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Sujimoto Construction CEO, Sijibomi Ogundele, has said that 400% return in 2 years for investing in LeonardoBySujimoto is real, describing it as a great opportunity for ambitious investors.

Ogundele affirmed that the projected ROI is not a mere hype but a reality anyone who buys into LeonardobySujimoto project will enjoy.

Speaking with Vanguard, Ogundele explained that it is Sujimoto’s policy of putting value maximization over profit maximization and that investors will actually get over 400% because, by the time it is completed 2 years from now, LeonardoBySujimoto will cost $3million USD as against the $650k which it currently sells for.

He said, “First, the Leonardo is not just your regular high-rise building, it is a fully automated luxury waterfront project with a world-class interactive lobby – first of its kind in Nigeria, Indoor Virtual Golf, Standard IMAX Cinema, award-winning Zaha Hadid Bathroom, Luxury Crèche, Private Salon, world-class SPA and other record-breaking features and facilities.

“Picture this, a 3 Bedroom at the Leonardo is currently selling for $650,000 USD. Upon completion in 2 years’ time and considering the kind of features and facilities we are bringing into the Leonardo, this same 3 Bedroom will sell for $3million USD, giving you over 400% ROI! The nicest and most expensive 3 Bedroom apartment on Bourdillon Road and Eko Atlantic are selling for $3m USD. What we have designed is 3 times better and 3 times cheaper.

“In 2018, when we launched our recently concluded GiulianoBySujimoto project in Banana Island, a unit sold for N280 million as off-plan. Upon completion, this same project is currently selling for N600 million, giving investors over 200% ROI in 2 years! The Leonardo is 20 times bigger with more features and facilities that will rival and outclass most 5-star hotels in the world.

“There are 3 types of people in life, the Optimist who sees a huge investment opportunity in the LeonardoBySujimoto and buys numerous units off-plan; the realist who knows the Leonardo is an incredible investment opportunity but is skeptical, waiting for some external validation, only to realise months later that the prices have increased by 50%; and the Pessimist who never sees how a real estate investment can yield 400% ROI.

“At Sujimoto, we’ve built our foundation on Quality, erected our pillars on Integrity and made Luxury the driving force of who we are.

“In 2016 when the economic recession halted the LorenzoBySujimoto project, none of our investors lost their money as we returned over half a million dollar. Even though we lost a lot of money, but losing investors’ money was non- negotiable, because the bank of credibility is too expensive to withdraw from, as TRUST is her CURRENCY

“It is rather unfortunate that we live in a country where people have lost the enthusiasm to dream and every great opportunity is seen as a scam, too incredible to be true. However, it is also interesting to note that within the last few months, we have sold more units in 5 weeks than we have sold in 5 years of our existence.

“The Leonardo is offering discerning investors a whopping 400% in 2 years, a return on investment that not even gold, treasury bills or cryptocurrencies can boast of! With Treasury Bills and Fixed deposit at 3.5% ROI annually, where would you rather invest?”

Source: GhanaFeed.Com

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Sujimoto’s Banana Island Project To Be The Next Downtown, Dubai

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“You buy ‘a property’ when you want to be somebody, but you buy a LeonardoBySujimoto when you are already someone”

In 2004, a young company with an aggressive and innovative CEO, Mohamed Alabbar – founder of Emaar Group, decided to transform the landscape of Dubai by building the tallest tower in the world. Many criticized his goal, pessimists said it was unrealistic and very few believed in him. Today, the vital few property aficionados who believed and bought into one of the most sophisticated footprints in the world – The Burj Khalifa towers, are now enjoying huge returns on their investments.  

Standing at a whopping 828 meters in the air, making it the tallest building in the world, the Burj Khalifa is undoubtedly at the forefront of engineering innovations. It is 3 times as tall as the Eiffel Tower and nearly twice as tall as the Empire State Building. Constructing the Burj Khalifa came with a lot of challenges, ranging from wind loads, rigidity, vertical transportation and engineering challenges, but Mohamed Alabbar defied the storms, seeing it as an opportunity to create the best structural edifice in the world!

Within the heart of Dubai, lies Downtown – the residents in this area include some of the world’s most affluent individuals. Downtown has been described as “Middle east’s richest square mile”.

A recent research confirmed that in 2018 alone, Nigerians spent over $1.5 billion in Dubai! According to a recent report, over 800 Dubai properties estimated to be worth well over N146bn ($400 million) were linked to Nigerian. Downtown’s net worth and stance has increased immensely over the years and has become the benchmark for Dubai’s luxury real estate.

International personalities and celebrities such as David and Victoria Beckham, Giorgio Armani, Kanye West, and Former President of the United States of America, Barack Obama have resided in this gem of a building – The Burj Khalifa. Fast forward to 2015, CEO of Sujimoto Group, Sijibomi Ogundele, was very clear about his vision to transform Ikoyi into the architectural capital of Lagos, in the likes of Dubai. Big dreams such as the GiulianoBySujimoto, Lucrezia and LeonardoBySujimoto are usually met with criticisms from skeptics; but there would never had been Tesla Motors if Elon Musk had despaired over negative remarks! In an age where diesel engine was gold, who could have thought of electric cars? Today, Elon Musk has topped Microsoft founder Bill Gates to become the world’s 2nd richest man after a meteoric rise in the shares of his car firm – Tesla. Coca-Cola never sold more than an average of 9 bottles a day when they started, but today they sell an average of 1.4 billion bottles on a daily basis.

We promised that the Giuliano will redefine standards in Banana Island by leading the pack in architecture, design and finishing. Today, what was once a mere concept has now become a reality as millions of Nigerian Developers look up to the Giuliano and Sujimoto for inspiration. Top HNI’s and the popular Nigerian singer and FEM crooner –Davido, currently lives in the prestigious Giuliano.

A stone throw from the Guiliano is the LucreziaBySujimoto, a high-rise project which aims to lead the pack as one of West Africa’s most highly acclaimed luxury high-rise apartments. Set to be the tallest residential building in Lagos, LucreziaBySujimoto has attracted foreign and local investors. This unique project is expanding on luxury living by offering 21st-century amenities such as a 24-hour crèche, 5-star restaurant, mini-mart, pharmacy, a gym with world-class amenities, full home-automation, semi Olympic-sized pool, breathtaking views and many other top-range features, the LucreziaBySujimoto will provide the ultimate luxury experience for those who have high standards, and change the face of Nigerian real-estate industry forever.

The king of them all is the LeonardoBySujimoto, a luxury high rise waterfront building in the heart of Africa’s most expensive square metre – Banana Island, set to be the number one address not just in Nigeria, but also in Africa.

 In coming up with the Leonardo, we spoke with Clients, Off-takers, Architects and Engineers, to come up with a fusion of architectural masterpiece with innovative features and facilities. We studied and researched the iconic works and lifestyle of Da Vinci, and applied our learnings, with the same level of dedication, creativity, mystery and attention to detail, into creating Africa’s most exclusive waterfront high-rise development – the LeonardoBySujimoto. The LeonardoBySujimoto is a priceless heritage of architectural masterpiece, masterfully crafted to precision, designed to appeal to the exclusive vital few, who love exceptional living.

The almost sold-out property gives the opportunity to every subscriber who buys into the Leonardo to own an automatic Quintessentially Membership, (the international luxury bespoke concierge Service for the Queen of England, King of Spain, King of Dubai and other high-end Individuals and personalities). Sujimoto is currently speaking to Armani CASA and Fendi so that we can OFFEND every level of mediocrity in architecture.

The Leonardo will come with unrivalled features and top of the range facilities such as IMAX Cinema, Indoor Virtual Golf where you can play on over 2500 golf courses in the world, Crèche for the residents – first of its kind, Award-Winning Zaha Hadid Bathroom, designer Kitchen by Kohler, Interactive Lobby, Full Home Automation where you can control your door, curtain, music, light and TV from the touch of a button, Indoor salon, Club House, Mini-Mart, Tennis Court, State of the art Techno gym, Infinity Swimming Pool, Squash, Badminton, all of this features at $180,000 USD deposit!

As LeonardoBySujimoto gradually rises, while procrastinators are still wondering what the project is about, smart investors who have already taken advantage of this unique offer, have seen an increase of  about 80% ROI. While the best and most expensive 4 Bedroom Apartments in Ikoyi, Lagos is selling for $935,000 to $3.5millon, a 4 Bedroom at the LeonardoBySujimoto which is currently selling for $950,000 USD and by the time we break ground in the 1st quarter of 2021, it will sell for $1.3 million USD, and $3.5 million USD upon completion.

We have researched the best, but what we are building beats the best.

The Giuliano that sold during construction at N280million is now selling for N700 million, giving Investors almost 300% in 18 months. Now is not the time to procrastinate but to take action and take advantage of this incredible real estate investment opportunity. Call Dami on 08098521464 for 2, 3 or 4 Bedroom.

Source: GhanaFeed.Com

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SIJIBOMI OGUNDELE: How I Run Sujimoto Construction; My Story: From Agege to Ikoyi, How to Make Nigeria and Its Youths Great

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Avant-garde, debonair, futuristic, and innovative is among the traits that describe the Chief Executive Officer and Managing Director of Sujimoto Construction Limited, Sijibomi Ogundele. In an interview with Arise TV, the young vibrant real estate magnate opens a window into his life, grit, greatness, vision, and hope for Nigerian youths in national development and transformation. He also talks about his ongoing projects and future investments. Excerpts:

A stone’s throw from the Giuliano, Sujimoto is building what’s been dubbed the tallest residential building in Banana Island: ‘The LeonardoBySujimoto.’ When completed, the 13-story glass-reinforced concrete façade building will house a private IMAX cinema for its residents, a standard crèche, and indoor virtual golf, a swimming pool in the sky, full automation, a private interactive lobby, and other exciting features.  As the Agege boy who built a $400 million-dollar company, can we meet you, please?

Thanks for having me and let me use this opportunity to send my condolence to the over one million people who lost their loved ones and over 10,000 in Nigeria: may their gentle souls rest in peace. I grew up in the corners of Agege. I also spent some time in Kaduna. But when you look at my story, I think when I look at myself; I think I won an ovarian lottery. I was brought up by a very strong woman. She is a high school dropout but today she is also one of the top five distributors for Nestle. A woman, who I can describe as a ‘professor’ of entrepreneurship; because anytime I go to her she always has one or two advice to give to me. She always says: ‘Sijibomi, if you cannot hire 10 people, hire five.’ She will tell me not to struggle to build 10 houses for people if I can afford to build only five; that for me is corporate integrity. So, when you have a strong woman like that it sets a precedent and a foundation for you. When people look at Sujimoto today, or when you mention our name Sujimoto, they will not know the kind of woman I feel so lucky to have, Adebukola, as a mother, because she has been the backbone of who we are at Sujimoto, and has been the backbone of who I am as a person.

Most importantly, she taught me two fundamental things that I have used to set the path for Sujimoto. The first is integrity. The second is quality. Integrity in person, integrity in an association, integrity setting yourself and I believe that is what has set us very different from others. We also believe that the foundation of every success from the times of MKO, even way back to the times of King Solomon, the foundation of every success has remained integrity. The integrity of what you say: you say what you mean and mean what you say, especially when you promise to deliver. So, that is what has made us what we are today.

Integrity is considered very scarce in the world today. Is it with the benefit of hindsight that you can say to yourself that ‘I learned all of this integrity and keeping to my word from your mom’?  Tell us a little more about her. Who is she?

She’s this great woman from Ijebu-Igbo; an astute businesswoman. The trajectory of her success is an interesting one. She grew from being a lady that was just selling from a tray to becoming a market woman that own warehouses. She’s someone that just has practical knowledge of doing what is right and when it is right and she’s also very particular about being ‘a woman of your word’ and she believes that if you can use the collateral of integrity to build anything, you are doing even the integrity of the relationship, the integrity of the people you associate yourself with. So integrity does not only go with the quality of what you are offering but also knowing that if you don’t want to go far in life then integrity is not essential. But if you want to build success, a name, a business that will stand the test of time and be remembered like the MKOs, the Warren Buffets, then you must work so fast and hard putting forward your currency of integrity.

There’s no better time to hear this coming from a young man like you who has achieved so much. A lot of young people out there believe that money just happens; most just want to make it very fast. Am sure a lot of young people look at you and think I want to be like Sujimoto: he has made so much money. I don’t know how he made it but I want to make it as quickly as he has done. What do you have to say to the Nigerian youth?

I have a philosophy that when you negotiate the cost of greatness, you will pay the full price from mediocrity. The foundation for the cost of greatness is in integrity, in quality; it’s in patience. When we started Sujimoto, people never believed in us. We never had any money; not a rich uncle or powerful aunty. They said: ‘Who is Ogundele? Where did he come from? Who is your father? Who is bankrolling you?’ Our only bankroll was in perseverance and dedication and never giving up and an annoying sense of believing in what you want to become in life. So, it’s in those things.  I think one of the biggest problems we have as a generation is that sense of entitlement as if somebody owes you something. Nobody owes you anything, not even the nation. Political policies are just aspirations to get politicians to where they want to be.

It is in the fear of God for a man to promise and deliver. As a citizen, you must not wait for the government to give you what you want or you desire: be your government. MKO defeated the philosophy of death (kashimawo) and became an inspiration for so many generations after him and today he is Christ-like, an icon of our generation. So, did MKO depend on the government then? He sold coal to educate himself. We must draw inspiration from those types of people and discover different opportunities around us.  The Lebanese man, the Italian man, and the Indians in Nigeria today are billionaires. They didn’t come to watch the national theatre or the third mainland bridge. They came to identify specific opportunities lying around us. There are opportunities everywhere around us.

How will you describe the typical Nigerian youth? They have been described as lazy, coming from our president; that Nigerian youths are lazy. Do you believe that?

I sincerely believe what the president meant by that concept but I disagree with that. I think that one of the greatest assets we have as a nation is in our people. I have been to different universities, to different schools and spoken with these young guys: there’s a hunger for innovation. What we lack as a nation is not in creativity. What we lack as a nation is more in leadership, not only presidential but community and family leadership, or someone to push them and provide opportunities in different sectors. Nations like America, China, and other places have identified that true asset is in their young people. They have created systems that will support people in education, health care, entrepreneurship, and infrastructure.

How have COVID-19 affected businesses, especially real estate?

The COVID-19 pandemic has brought a lot of hardship and difficulties, especially to families and countries. Businesses are not left out. My deepest condolence goes to the families of the people who died in Nigeria and nearly two million who have died globally as a result of the pandemic. I commend Mr. President for his response to the pandemic and also the governors of Ogun and Lagos states for their exemplary work and leadership. As a business, we will continue to strive and thrive through all times, good or bad. But I must tell you that this pandemic has allowed us to turn our calamities into opportunities. We have developed many projects and increased 10 times our client base than ever before.

Why did you choose real estate and how did it start?

Sujimoto started with two staff; now we have about 179 local and international staff. We have over 1,000 artisans annually. You can’t desire success with the mindset of lack. That is the word of MKO, Kashimawo. The journey into entrepreneurship is like that of Joseph in the bible, filled with tempestuous moments but keeping in mind the great principles of Assets vs. liabilities (financial and human truths). I strongly believe that life gave me little chance for success, and I declared war against poverty because there is no nobility in poverty. Growing up in Agege, I always dreamed of living in Ikoyi. I left Nigeria at 16 and returned at 33. I contemplated different options. I had worked with the largest family office in Saudi and Paris as a venture capitalist and real estate financing had been the center of my portfolio. I have lived in the richest space in the world; triangle D’or Paris, Ginza Toyo Japan. So when I decided to move to Nigeria, moving to Ikoyi was logical for me. I had to understudy Caldwell to Cappa D’Alberto to Elalan and several others. When I started Sujimoto, we had no capital. We had no name, and people wondered: ‘Who is this Ogundele?’ Even when we wanted to acquire our first land from –now mentor– Alhaji Saro, I didn’t have the full amount. I only had N100 million.

But, I knew that when you put your leg and start, the finishing will be handled by the almighty. We worked hard, tried all sorts of things to raise money. We were close to bankruptcy. But an off-taker showed up and today its history. I will never forget that morning I had only N17,000 in my account. But I acted as if I had N170 million. On the Lorenzo project, it was one of the best projects that are on hold for now. We invested all we had; invested off-takers’ money so when the economy went down and the project had to be shut down, no investor lost a kobo of their money. We refunded almost N500 million to off-takers. Some of them followed us back to the GuillianoBySujimoto Banana Island project. That project today has doubled in value.

What’s been the biggest challenge doing business in real estate?

As you may well know, real estate is tightly linked to the state of the economy, as it has to do with raising funds, capital, and the attendant high-interest rates. However, we are relying on creativity in the absence of capital. Forex volatility — US dollar was at N160 in 2015 now N460 in 2020. For me, that is an N300 million deficit on every $1 million. Nigerian banks had little appetite for real estate in the beginning. We used to chase banks. But today, banks chase us so we are very optimistic about the future. I have hope for Nigeria. The Dangote and Adenugas got over 98 percent of their money and opportunities from this great nation Nigeria. Nigeria has something for me too.

With the growing rate at which the new generation is calling for new leaders to emerge to lead the country politically, do you have any political ambition?

The politics of business is bigger than the business of politics itself. No businessman can ignore the role of politics in the 21st-century business. Nigeria is often described as a nation of potentials since 1960. Indonesia, Singapore, and South Korea are all converted to great countries through quality leadership both in politics and in business. We must refuse to remain a nation of idealists and thinkers. Nigeria needs leaders who are realists and doers. Visionary leaders put the state before self. Great leaders look beyond the next four years but focus on the development of the next 40 years. I must not forget to commend the current administration for the positive moves they are making on policy and infrastructure. But I must also remind them that a lot remains to be done.

Can you tell us more about Sujimoto’s current projects?

One of our core philosophies is ‘To be second is to be last!’ ‘If people in their 30’s are building 5,000 units annually in Asia, 75 units shouldn’t scare you.’ During the lockdown as a result of COVID-19, the real estate sector was ranked second worst-hit industry in the world, after tourism and hospitality.  But for us, the COVID-19 disaster was turned into an opportunity. Projects that can take five years to achieve funding, we did in five months. For instance, aside from the ongoing Lucrezia project on Banana Island, our Leonardo project raised over N2 billion. The project coming up soon are Queen Amina in Abuja, the Sujimoto plazas in Ikoyi, and the hotel in Ikoyi, a total project portfolio of over N62 billion. Recently, the government of Tanzania asked us to bid for the construction project of a new airport. Even if we did not win this project, it is a vote of confidence in the integrity of Sujimoto. But we intend to win!

How do you describe Sujimoto’s future?

We are focusing on ‘Thinking Big.’ We have five major projects going on right now. These are Lucrezia, Leonardo, Adebukola, Ooni, Queen Amina in Abuja, and Sujimoto plazas in Lagos and Abuja. The ‘S’ Hotel is an African-cultured boutique hotel, with the character and services of a Four Seasons Facility. We are covering all six zones, Ghana, Ethiopia, and South Africa. We are also focusing on the government’s partnership. For example, the Ogun State government’s offices, facilities, etc. We aim to remain the one and only; the new leaders in real estate. Don’t be surprised when you see Sujimoto luxury in Shanghai or the ‘S’ in downtown Dubai. We are confident in the collateral of integrity, as the down payment, we made over five years ago. We’re local but our dreams are global.

In light of the ongoing conversation on the youth revolution, what word do you have for young people?

I want our young people to know that ‘Success is not served a la carte. It’s a buffet! You have to go for it!’ Youths should bury any sense of entitlement. The likes of Linda Ikeji, Davido have worked hard and are ripping the reward for their dedication. Our youths must know that there is no nobility in poverty; to achieve success today in Nigeria, you must be ready to lose friends, be misunderstood, and be unreasonable in your visions. Nigerians have stopped following leaders who are ‘complaining and murmuring’ leaders. Young people must learn to reject the ordinary and risk the unusual. We need to know that Nigeria is a land of opportunities; find these opportunities. The likes of MKO, Ojukwu, Mai Deribe, and others started from their youth days. So, as young people, we have to prepare a ‘don’t do list,’ as much as you prepare a to-do list.

What informed your decision to study Law?

I didn’t want to be a victim of corporate negligence or pure ignorance, especially when doing business in Nigeria. Corporate blunders and legal exposures account for some of the most damaging events for most businesses, especially in real estate. 

What do you have to say to people who look up to you, especially young people?

It is important to bear in mind that lack of vision is proof of mental bankruptcy. The bar for integrity can’t be set low. We must all desire and intend to be judged by the quality of what we finish, not what we start. It is important to always note that to be second is to be last. Also, the collateral of integrity can never be exhausted. I don’t wait for opportunities to come to me. I visualize them and I go for them so should you, don’t wait. And for those who are looking to grow bigger, you must know that if you are in downtown Ikorodu today, you can own a house in Uptown Ikoyi tomorrow, if you work and dream hard enough. Also, readers are leaders; reading two hours a day is 730 hours a year; 1,460 hours in two years! That’s almost equivalent to earning a PhD and there’s no billionaire by mistake in the world. If you see someone doing exceptionally well in any industry, invest your envy in studying him, not bringing him down. And don’t forget that the only person that can determine your tomorrow is the almighty God, so don’t give in. Do not underestimate or overestimate. In all that you do, know that if your neighbour is hungry, your chicken is not safe. Therefore, always stretch a helping hand to the needy.

Source: GhanaFeed.Com

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Police Withdraw Criminal Case Against Alhaji Sinare

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The Ghana Police have withdrawn a criminal case against the National Vice Chairman of the opposition National Democratic Congress (NDC), Alhaji Said Sinare.

The prosecutor, Seargent Thomas Safo, told the Kaneshie District Court Thursday that the prosecution wanted to withdraw the case upon “further development in the matter”.

The court, presided over by Ms Ama Adomako Kwakye, acceded to the request and discharged the NDC Vice Chairman.

Many supporters of the NDC descended on the court premises to support their National Vice Chairman.

They chanted party songs and called for his release

Alhaji Sinare and one Tahiru Ahmed were charged with conspiracy to commit crime and possession of firearms without lawful authority.

Source: GhanaFeed.com

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