- 2 Olubunmi Owa Street, beside Ebeano Supermarket Lekki Phase 1, Lagos.
- +2348052550000
- info@femabproperties.com
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We don’t operate alone; we have subsidiaries that help ensure we have well-rounded services across the real estate sector
Hongyang Dredging & Seaport Construction Company Limited is a division of FEMAB PROPERTIES LIMITED and is a prominent player in the dredging/marine industry. It produces and sells sharp sand for building to various contractors and builders and it engages in the evacuation of swamp materials. It also engages in complex dredging projects such as reclamation of swampy areas, canalization and provides support for major infrastructural development.
We boast of 16-18 inches dredgers with the ability to work at maximum capacity of 1,000mtrs. We engage in provision of marine equipment, while also specializing in stockpiling projects for construction of roads, bridges and housing estates.
Hongyang also renders consultancy services in such areas as soil investigation, sand search, dredging and reclamation works. We have qualified, reputable, capable and seasoned expatriates onboard to ensure successful execution of projects we undertake, irrespective of its magnitude and cost.
We are ever committed to providing high quality jobs execution to our various clients and the society at large. Hongyang is renowned for quality and timely execution of projects.
Crystal Blocks & Concretes Industries is a division of FEMAB PROPERTIES LIMITED, which produces and sells blocks for building to various builders and contractors. The block production sites are located at prime areas in Ikorodu and Lekki due to the nearness to the market, as various residential estates are being developed in these areas.
The division has a total production capacity of about 40,000 units of blocks per week with a current capacity utilization of about 40%. Market is readily available as all production volumes are being sold. Sales are normally in cash.
However, in very rare cases credit sales could be estimated at below 5% and settlements usually take place within 4 weeks after sale. Major buyers are medium, corporate and individual building contractors within Lagos and Ikorodu.
However over 50% of CRYSTAL BLOCKS production is being used by SHELTER FIRST AND ASSOCIATE for its various projects.
Shelter First Associate Company Ltd was first established as an enterprise in January 2001 and later fully incorporated in September 2004 to handle the building projects of FEMAB PROPERTIES LIMITED and also to serve other clients in the area of civil engineering.
It is headed by a qualified Civil Engineer who is supported by seasoned and qualified Architects and Surveyors. Over the years, Shelter First has delivered over NGN 200 Million worth of varying projects. Currently, Shelter First executes projects for both Femab Properties Limited and other direct and indirect clients.
Alliance Mortgage Consortium Ltd was incorporated in 1984 and it is the registered owner of Diamond Estate located at Sangotedo Lekki Peninsula. Diamond Estate is approximately 25 Hectares of land. Femab Properties Ltd acquired Diamond estate by outright purchase and consequently acquired 50% equity shares of Alliance Mortgage Consortium Limited.
+2348052550000
info@femabproperties.com
2 Olubunmi Owa Street, beside Ebeano Supermarket Lekki Phase 1, Lagos.
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