Pelican Greenish Acres Farm Estate, a subsidiary of Pelican Valley Nigeria Ltd has announced increase in price of its farm estate.
In a statement signed by its Director of Operations, Ifeoluwa Daniel made it known that they have commenced the implementation and execution of their approved template on Greenish Acres Farm Estate, stressing that the company has successfully initiated the road network and drainage within the estate to get the ball rolling on infrastructural development.
Ifedayo added that, the company has also began site preparation for the coming planting season, adding that all plots are open for accessible with registered beacons on the ground.
He also affirmed that, they currently have about a thousand subscribers at the sister housing Estate.
He declared that Pelican Brief Estate subscribers, which is located at Kobape who are potential off-takers for Greenish Acres Farm Estate, due to their proximity and investment values.
The Director noted that their records have shown that about 80% who had fully subscribed to Greenish Acres Farm Estate, are dominantly their existing clients in Pelican Brief Estate and Pelican Valley.
He also said, they will be considering having phase two after they must have delivered on output value in the current phase, as they don’t want to rush into that yet.
The increase will manifest from the 14th of February 2023, the new rate in the purchase of land on the Greenish Estate is now Acre of Land – #3,500,000, Development Levy – #250,000, Survey – #200,000, Legal and Documentation Fee – #50,000, Application Form – #10,000
Given the above-mentioned and also our massive capital investments in Basic infrastructures in the Farm Estate as a result of the Clients financial commitment to over 70% of our lands at Greenish Acres Farm Estate, Kobape, there will be an upward review in the price of land in the Estate.
“However, we are using this medium to implore our existing loyal client’s at our Housing Estates, who are yet to secure their piece of Farmland in Pelican Greenish Acres Farm Estate not to delay any further, as we have some of them who are in the window period of subscribing to close their deal in time before the one-week price increase deadline elapse.
“Conclusively, I want to encourage our prospective clients that they can still benefit from the launching price of ₦3,500,000 per acre, as we will be increasing the price now which will be effective on the 14th of February 2023.
We pledge our continuous effort to serve our clients better and give premium value and the highest return on investment for your investment with us.”