Kelechukwu Mbagwu is a big real estate player in Lagos. He runs a big real estate/property company called CMB BUILDING Maintenance and Investment Company Limited, one of the leading real estate companies in Lagos. It became fully operational in March 2003 as an all-encompassing estate development firm.
With over 18 ongoing and completed estate developments, CMB has developments in key metropolis such as Lagos, Abeokuta and Abuja while spreading its tentacles into other emerging urban cities. Amidst huge challenges in the real estate development sector, the company has built an unmatched reputation for timely delivery, mirrored an impeccable image of a trusted partner by various stakeholders. In an industry where risk is high and trust is scarce. CMB created a one-stop-shop real estate development idea and now is the dawn of a new era for the company.
The big news is that Kelechukwu has been elected President of Nigerian Rugby Football Federation. Not many know that he is a big fan of Rugby, a game he has been involved in since his school days.
CMB Building Maintenance & Investment Co. Ltd staked its reputation on its ability to deliver on its promises regardless of the prevailing obstacles.
The MD/CEO of the company, Kelechukwu Mbagwu explained that CMB’s track record in the real Estate Sector in the country stands as a reference point in various sub-sectors of the industry. “Our prices are considered one of the most reasonable and affordable in the business. We have mastered the dynamics of delivering good quality, aesthetically pleasing, and pocket- friendly developments, to our discerning clientele. Pearl Gardens Estate is CMB’s flagship development situated on 28 hectares of land and was designed as a site and service scheme comprising 365 plots. The provision of infrastructure and amenities started in 2003 and it was concluded in 2009. Since then, CMB has been responsible for the construction of bungalows, townhouses, detached and semi-detached duplexes for some plot owners within the scheme.
“CMB is committed to building homes and assisting to bridge the gap of housing deficit in Nigeria. CMB recently launched The OTTO AWORI Ijanikin Scheme a moribund estate resuscitation scheme a PPP with the Lagos state government. CMB would be developing a mini city with every facility available, from office complexes to cinemas”.
“CMB launched a new merger with one of Europe’s construction giant, Vertikal as the most important aspect of our operations is capacity building which is the core focus for CMB’s future buttressed by the merger.”
“The transfer of technology is desirable, but above all building capacity is key. From now on CMB-Vertikal will be sole contractors for CMB; the company will do all building work as an independent company, boosting the construction arm immeasurably design techniques. Vertikal, in their home country of Poland, can easily match the achievements of Julius Berger in Nigeria. We want to bring in that level of capacity on board, allowing us to take on more contracts and more technically complex projects, as well as diversifying the kinds of projects we do. CMB has always focused on residential buildings and affordable homes. With Vertikal’s involvement, CMB can focus on interstate highways and other infrastructure projects. Infrastructure is key to our future.
We are putting all of the building blocks in position , so that when the economy turns around we will have strong enough foundations to take on the projects. Even in countries where the housing needs are almost fully met they are still redeveloping and improving. Here, where we have such a huge deficit to meet, and CMB places itself in an advantageous position so that once the economy starts ticking over again we will be ready to run. Going forward, can serve clients better in terms of housing delivery, particularly through larger, more significant projects than we had the ability to undertake in the past.
What services do they offer? “We are involved in most aspect of the real estate industry which includes:
- Estate/Property development, •Real estate advisory, •Innovative Architectural design, •Commercial and Industrial construction, •Road construction and maintenance.
The diversity of our projects has played an important role in our success story. Not only are we experts in estate development, our clients and portfolio of projects reflects competence in all aspects of the Real Estate development industry. Our clientele base include individuals and group from companies like:
Chevron Nig, Fidelity Bank, Guarantee Trust Bank, Diamond Bank, Nigerian Breweries, Union Bank, Government Parastatals, Baker Hughes , Other National, Multinational and Cooperative bodies.
What are the projects CMB has embarked on? Pearl Gardens estate, Sangotedo Ajah. Pearl Gardens Extension estate, Sangotedo Ajah. Pearl Nuga Park estate, Sangotedo Ajah. Pearl Nuga Park Extension estate, Sangotedo Ajah. Pearl Nuga Court, Sangotedo Ajah. Pearl Royale 1 &2, Sangotedo Ajah. Pearl Cola, Sangotedo Ajah. Pearl Audaces, Sangotedo Ajah. Pearl Co-operative, Sangotedo Ajah. Pearl Coppice estate, Ibara Abeokuta. Pearl Apartments, Ebute Metta. Pearl View, Panti Yaba Pearl Grace Court, Ikeja. Pearl Miley, Oniru. Pearl Gem, Gaduwa Abuja. Pearl Capital. Katampe Abuja. Zeeks Pearl, Apapa GRA. CMB Towers, Banana Island. Batching Plant.
CMB-VERTIKAL CONSTRUCTION COMPANY.
CMB-Vertikal arose from a merger between CMB Building Maintenance & Investment Co. Ltd, a leading real estate development company and Vertikal Design and Build, a dynamic full-service construction company based in Poland. Incorporated in 2016, CMB-Vertikal combines international expertise and experience with knowledge of the real estate and construction industry.
CMB-VERTIKAL is a corporate synergy of two established entities focused on creating and enhancing building construction technology with emphasis on innovative building design, structural stability and enhanced professional capacity to improve housing quality and delivery in Nigeria..
CMB-VERTIKAL pride itself in the ability to meet their clients’ and partners’ needs by offering a wide range of services, using our team of highly-skilled professionals with diverse expertise.With their combined experience of over 4 decades and a quest to foster growth in the construction industry, CMB-Vertikal is equipped for design and construction of residential, commercial, industrial structures and ultra-modern infrastructure.
CMB-VERTIKAL’S goal is to create buildings that will be distinguished by attention to quality and durability, so as to get the best product on the market in its price range. With an impressive portfolio both in Nigeria and abroad, CMB-Vertikal aims to interpret its clients’ imaginations in landmark structures that will stand as testaments.