Suru Homes Ltd (“SHL” or the “Company”) was incorporated in June 2008 as a private limited company with focus on real estate business with very promising outlook. The company had procured credit via its real estate arm and invested in real estate and hospitality. It had successfully developed and marketed luxury residential apartments in the upper neighborhood of Ikeja GRA, an upper class segment
of the Lagos metropolitan. It still holds prime properties in this neighborhood for speculation and development. In the hospitality sector, it has successfully developed a number of tastefully furnished three star hotels within the business segment of the Lagos State, Nigeria. To this end, it has also launched budget hotels in Lagos, Nigeria; which is to serve as prototype for West Africa. The company also the owner of 94 self -services apartments in the city of London. The apartments cater for the growing short let accommodation needs of International visitors to the city of London. Following the World credit crisis, the company has pruned down its investment drive and is committed to focus on real estate and hospitality. In the medium term, the group wants to develop further 5 Three Star Hotels under the Best Western Brand, 45 budget hotels under Suru Express Brand and build 900 units of low cost residential estate to support the Federal Government drive for affordable housing for all. It has acquired large expanse of land in Lagos state, Nigeria, a developing area (the commercial nerve centre of Nigeria) to build low cost housing.
