LandWey earns A2 short-term rating with stable outlook from DataPro

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LandWey Investment Limited, a leading real estate development company in Nigeria, has received an A2 short-term rating and long-term rating of “BBB” with a stable outlook for the year 2023 from DataPro.

According to DataPro, a leading national Credit Rating Agency in Nigeria, the rating assigned is “hinged on LandWey’s diversified revenue sources, good project experience, adequate working capital, adequate credit quality and strong brand presence in the Nigerian real estate market.

The rating firm further added that “Landwey’s strategy is to create value for investors and clients by delivering innovative solutions, with the objective of positioning the Company as a dominant player in the Nigerian real estate market.” The company is dedicated to creating homes for both the low – and middle-income earners in Nigeria. As a result of its successful business model, the Company’s Net Asset Value grew exponentially by over 50% year on year, making it one of the largest real estate companies in Nigeria.

 

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