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Investing through this platform is risky and speculative. You may lose your entire investment and must be able to bear that loss. Past results are not indicative of future performance. Ask questions, read all information carefully and seek independent financial advice before committing funds. Investment limits are monitored by PennyTree.
Read the full risk warningReal estate · Simple investment contract
Abuja Heights Serviced Units
Completion finance for 24 serviced residential units · Federal Capital Territory, Nigeria
Company overview
Abuja Heights Development Limited is completing a 24-unit serviced residential block in Lokogoma. The structure is at roof level and the raise funds finishing, fit-out and letting.
Returns depend on rental income during the term and on disposal of unsold units at the end of it. The developer has completed two comparable blocks since 2018.
Management team
Ifeanyi Nwosu
Managing Director
Quantity surveyor; delivered two 18-unit blocks in the FCT since 2018.
Sarah Danjuma
Project Director
Construction project management, 9 years across residential schemes.
Use of proceeds
| Application of funds | Share of raise |
|---|---|
| Finishing and mechanical, electrical and plumbing works | 52% |
| Fit-out and common areas | 23% |
| Letting, marketing and management set-up | 12% |
| Offer costs and platform fees | 5% |
| Contingency and reporting reserve | 8% |
Instrument, price and rights
SEC-approved simple investment contract, 36-month term, profit share on completion
Contractual share of net rental and disposal proceeds; no ownership of the underlying land
Capital structure and ownership
| Holder | Pre-offer stake |
|---|---|
| Developer (Nwosu Holdings) | 70% |
| Land-owning partner | 20% |
| Early investors | 10% |
Financial condition
- The project company holds the site under a registered title and has spent ₦210m to date.
- Audited accounts show total assets of ₦268m and liabilities of ₦74m at 31 December 2025.
- The project company has no trading history independent of this development.
- At the minimum threshold, only 14 of the 24 units would be completed in the first phase, and a revised use-of-funds plan would be filed within one week of close.
Risk factors specific to this Fundraiser
- Construction cost inflation could exceed the contingency and delay completion.
- Rental demand in Lokogoma is untested at this price point and voids may exceed projections.
- Returns depend on disposal values at the end of the term, which cannot be predicted.
- Investors hold a contractual claim, not title to the land or the units.
- There is no market for these contracts. You may never be able to sell them.
Related-party transactions
- The main works contractor is an affiliate of the developer; the contract sum was benchmarked by an independent quantity surveyor.
- The land-owning partner is entitled to two completed units in place of a cash payment.
Exit options for investors
- The contract runs to the end of its 36-month term; there is no secondary market.
- A one-year minimum lock-in applies from allotment.
- The developer has no obligation to buy back a contract before the end of the term.
Investor questions and answers
Questions and answers are public and moderated by PennyTree. Posting opens once investor accounts go live; the thread below shows questions already answered by the Fundraiser.
Do investors have any security over the units?
Verified investor
No. This is a contractual profit-share arrangement, not a charge over the land or the units. The risk factor above states this and section 4 of the offering document sets out the full structure.
Ifeanyi Nwosu, Managing Director
What happens if completion slips past 36 months?
Verified investor
The term can be extended only with investor consent under the contract. Any extension would be notified through PennyTree as a material change.
Sarah Danjuma, Project Director
Documents
- Offering document (PDF)Full disclosure pack, 71 pages
- Statement of affairs and audited accountsProject company, 2024–2025
- Independent quantity surveyor reportCost benchmark and stage certification
- Title documents and building approvalFCT development permit
Downloads become available to registered, verified investors when accounts go live.