•City People Reveals His Success Story In Real Estate
Asiwaju Olumide Osunsina is a big name in the Real Estate sector in Nigeria. He is really big going by his huge portfolio of investments.
That is why many call him the King of Real Estate and others simply describe him as the Czar of Real Estate business.
Asiwaju Olumide Osunsina is a Construction and Real Estate professional of over 29 years. He founded Megamound, one of the largest indigenous privately owned real estate firms in Nigeria in 1992.
He has steered and nurtured it into a multibillion naira diversified institution.
He has broad expertise in property development & management and he is an innovative & strategic organizational leader, well skilled in the commercial real estate value chain. He has a proven record of successful projects in several states in Nigeria and also abroad.
Asiwaju’s wealth of experience has earned him positions on the board of several companies and a number of awards & recognitions over the years within and beyond the real estate sector. He was also nominated the head of real estate sector of the Lagos Chamber of Commerce & Industry (LCCI).
Asiwaju obtained a diploma in Management and a Masters degree in Business Administration from Abubakar Tafewa Balewa University, Bauchi. He attended the University of Lagos to obtain an advanced diploma in Business Administration and also the University of Bedfordshire, UK where he studied building technology.
Outside real estate, Asiwaju has sponsored several sporting events and philanthropic causes. He established Olumide Osunsina Foundation to promote & develop youth empowerment and other human capacity development schemes targeted at the youth. He is an avid golfer and is happily married with children and grandchildren.
Last week Thursday, he was one of the 5 newly inducted fellows of the Nigerian Institute of Building held at its Builders’ Annual Conference/AGM.
He was made a Fellow because of his remarkable contribution to the Built Industry. Many don’t know that Osunsina is a Professional builder.
He presides over a flourishing real estate company called MEGAMOUND Investment Limited, which has been in business since 1992. His story is very inspiring and impressive.
At the time the company was being registered, the “Visioner”, Asiwaju Olumide Osunsina had just returned from living in the UK. He had returned with high hopes for his country after seeing and experiencing the possibilities in the UK. Coincidentally, his late mum of blessed memory, Madam Folasade Osunsina had invested in Property in various states in Nigeria and this was a major motivation to plunge into the Construction Industry.
The journey began with River Valley Estate Ikeja, Lagos. Megamound invested in several parcels of land from family landowners of which some were sold and others built into flats and duplexes which were later sold. The accomplishment from this venture is what spurred the success story of Megamound. The first major commercial project was Omole Shopping Plaza in 1995. The success of these investments encouraged the company to diversify. Nicon Town Estate was the pioneer project on the island. Megamound partnered with other investors to start a site and service scheme which involved sand filling.
The flagship of the Carlton Gate brand started off with Carlton Gate Estate Chevron Drive Lekki in 2004, after which they embarked on one of their largest projects Lekky County Homes Ikota. Since then, the company has never looked back and has completed several other projects.
Megamound has also ventured into Hospitality with the construction of 3 hotels in Ibadan, Oyo State. These are Carlton Gate Hotel, Carlton Gate Xclusive Hotel and Carlton Gate Signature. The inspiration came from the visioners’ zeal to improve and contribute to the hospitality sector in the state.
He then decided to expand his business, and today, the hotels are well-known brands in the state. He has very many impressive projects. One of them is Carlton Gate Estate, Chevron Drive.
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