A property company, Pellican Valley Nigeria Limited, commenced its short-let service at Ecostay Apartments.

In a statement, the company noted that barely 24 hours after it commenced shot-let services for apartments at the Ecostay Apartments, an emerging smart city in the Masa-Kobape corridor of Ogun State, Pelican Valley has recorded a rush of subscriptions by clients who have booked the available facilities fully till February 2025.

It stated, “Ecostay Apartments, considered the flagship of Pelican Valley Limited’s real estate products, was inaugurated on September 11, with the major road leading to this technology-driven, eco-friendly novel habitat named after former Governor Aremo Olusegun Osoba to honor him for his exemplary rural development initiatives while in office as Governor of Ogun State.

“Fielding questions from real estate reporters on Saturday, December 21, on the magic behind the influx of clients and subsequent full booking of apartments at the Ecostay Apartments at short notice.”

The Chief Executive Officer, Pelican Valley Nigerian Limited, Babatunde Adeyemo, said the firm does not venture into any project without first conducting informed research to determine its viability and market, explaining that the demand for the short-let service at the Ecostay Apartments is already on the ground before it takes off.

He said, “The affordability of the apartment by clients, even when the luxury and comfort it offers demanded that the prices ought to be on the high side, is also another valid reason the Ecostay Apartments witnessed full booking.

“A two-bedroom apartment, ensuite and equipped with modern technology, electricity in an environment with five armed security guards, CCTV, among other trappings, goes for N50K per night.”

According to him, the firm is leveraging the needs of almost 900 Nigerians in the Diaspora, who have already keyed into the Pelican Brief project as well as the opportunities that the industrial and agrarian area of the Kobape corridor has provided to commence the short-let apartments service.

He added, “All our projects are always strategically driven. We planned very well before embarking on any developmental project, and we have done our research on the fact that we have almost 900 Nigerians in the Diaspora who have keyed into the Pelican Brief rejects. That singular pool prepared a ready-made market for us because these brothers and sisters abroad will come and monitor their projects, and while monitoring, they need a comfortable and secure place to stay around.

“You know Kobape is like an industrial and agrarian zone of Ogun State, where we have a lot of industries and farm settlements, and most of the farms and industries are owned by expatriates and Nigerians in the Diaspora who would want a luxurious place very close to their projects. At the same time, the expatriates in those industries in and around the Kobape corridor will also be looking for a modern area with facilities to stay. That is our target.”