Nigeria’s Top 10 Real Estate Disruptors 2022 – Bisi Onasanya 

Dr. Bisi Onasanya, chief executive officer, The Address Homes Limited, presides over a company that has come to the limelight in Nigeria’s real estate industry within a short space of time. The former banker, who retired from First Bank of Nigeria Limited as group CEO, has within a space of five years, built a real estate outfit that controls a large chunk of the real estate portfolio on the burgeoning property market of the Lagos Island.

The company engages in the acquisition, development and management of luxurious contemporary homes with major stakes in the Ikoyi, Banana Island and Lekki axes – the acknowledged abode of the super rich. He is counted among the earliest and biggest property developers to arrive in Banana Island.

The company has successfully delivered numerous contemporary homes in the Ikoyi area and continues adding to the list in its mission to change the face of real estate market in Nigeria with a combination of taste and class in contemporary architecture and home finishing.

At The Address Homes, Onasanya is out to develop and deliver homes that combine high class contemporary architectural designs with exceptional finishing.

Among his company’s major property developments is a 30-unit apartment in Lekki that features a model that is a replica finishing of the company’s new design from one of its Ikoyi series. The fully serviced estate is planned to offer benefits of good access roads, 24-hour electricity supply, security, gym and communal swimming pool. It also offers basketball court, club house, mini event centre, children’s play area, drainage facilities and landscape.

The Address Homes also has two show-homes at Femi Okunnu area in Lekki, designed to give residents a taste of the company’s lifestyle home designs. The company equally plans to launch its Lagos mainland estate development series in Opebi, Ikeja as well as Diplomats Village in Abuja.

The company promises its standard mark of quality in all of its housing developments, encompassing modern living and the elegance of contemporary style architecture. Its desire is to give its clients access to excellent, modern living styles, viable investments coupled with industry leading post delivery services.

Recently, the company announced the introduction of two new housing brand schemes for the Ikoyi housing market -Luxuria and Dan & Dan, featuring a combination of high-class contemporary architectural designs with high-level finishing. The construction of the two deluxe contemporary homes commenced in 2021 and is expected to be completed in 2023.

Located in the region of Lekki Ikoyi Bridge, Luxuria springs a two-tower masterpiece of 14 suspended floors, comprising 4-bedroom apartments, 4-bedroom maisonettes and massive penthouses measuring about 1,000 square metres each.

Other features include lawn tennis court, swimming pool, well equipped professional gym, parking spaces, two fully fitted modern kitchens, dining room, long views through spaces, maids room, innovative lighting system, balcony and smart home system.

The Dan & Dan Apartments is a fully serviced mini estate located on the Ikoyi waterfront. It comprises 27-unit apartments, which include penthouses marionettes and terrace houses, all coming with four bedrooms each plus servant quarters.

The design of the estate includes access to private jetty, swimming pool, 24-hour electricity supply, security with CCTV, dry and wet kitchens, gym and more.

Speaking on the two new projects, Onasanya declared that his company’s mission is to deliver unique services with modern functional homes to make clients live better than hitherto and in luxury.

“In creating these luxury homes, we took into consideration the need for space optimization, comfort, security, child-friendly environment and quality of materials. At The Address Homes, we build homes with clients at the core and heart of our processes,” he stated.

The company’s strength to deliver top of the range homes in design and style lies in its knowledge and experience that range from packaging one-off residential investment properties through to multi-millionaire property investment portfolios. It therefore welcomes a wide range of home ownership dreamers and investors to its fold.

The strategy is to build the best homes at the most economical prices across Nigeria and thus deliver optimum value for money. The strategy runs on dedication to quality and custom-tailored homes deliveries, which has made The Address Homes unique in the property development business.

Its concept takes account of every customer’s taste and budget, time frame and market environment as well as the opportunities available. It follows a pragmatic approach in solving problems, prioritizing its customers’ specific needs in the real estate market.

“We evolve concepts that take account of each customer’s taste, budget, time frame, market environment and the opportunities available. We take a pragmatic approach to solving problems, prioritizing our customers’ specific needs in the area of real estate” the company stated in its profile.

The Ijebu-born accountant and banker turned home builder, trained at then Lagos State College of Science and Technology where he finished with HND accountancy. He began his career with Arthur Young, an American audit firm and qualified as a chartered accountant at the age of 22 years.

He began his banking career at Wema Bank and branched off to First Pension Custodian, then a subsidiary of the First Bank Plc, where he became chief executive officer. Onasanya is credited with pioneering initiatives in Nigeria’s pension custody industry, which helped define best industry practices.

He later joined First Bank where he rose through the ranks to attain the pinnacle of banking as group managing director/CEO of the bank in 2009, a post which he held till 2015.

He is a fellow of the Institute of Chartered Accountants of Nigeria, a Member of the Chartered Institute of Bankers of Nigeria and an Associate of the Nigerian Institute of Taxation. He has served as a member of the Chartered Institute of Bankers’ sub-Committee on Monetary & Fiscal Policies and of the Presidential Committee on Reduction of Interest Rates.