A new residential development situated on the Lekki corridor of Lagos, the 75 hectare Beach Resort Estate has recently been unveiled by First Spring Realtors Nigeria Limited, a subsidiary of Spring Bank Plc.

The Beach Resort Estate is a gated community being developed in two phases. The first phase which spans 35 hectares is a 305 unit residential layout with dedicated commercial areas, recreational facilities and parks.

The second phase incorporates more residential units, an extended park with a stream and artificial lake, boat jetty and club, sporting facilities and much more.

The estate will also feature top-notch infrastructure that includes an asphalt/geo textile finished road network, underground electrical cables, water treatment plant, fire hydrant network, converged telecoms system, drainage system and a recreational park.

Dr Suleyman Ndanusa, Group Managing Director and Chief Executive Officer of Spring Bank said awareness of the lucrative opportunities in Nigeria's housing sector is increasing daily and that banks play an integral part in the development of the sector by providing financing for developers and buyers.

In his address, Mr Abdel-Nasser Quadri, MD/CEO of First Spring Realtors said the company's vision is to be the leader on the African continent in the provision of real estate services that will deliver superior value to stakeholders.