Tinath, OYSHC to deliver 343 green buildings in Ibadan

A real estate firm, Tinath Realties & Investments Limited, and the Oyo State Housing Corporation have concluded plans to deliver 343 green buildings in Ibadan.

In a statement, the firm added that 240 outlets in Olubadan Ultramodern Shopping Mall, opposite Bola Ige International Market, Ibadan, would be completed.

It stated that the 2-floor commercial complex project that was being developed under the EPC+F alternative project financing structure would feature 240 units of 30 square metres of shops, an ATM gallery, a food court, and a bar, as well as a fire station.

It explained that the project’s estimated cost was N2.4bn and expected to be delivered within 12 months.

The firm averred, “The company is partnering with the Oyo State Housing Corporation, Ibadan, to deliver 343 green buildings comprising 3, 2, and 1-bedroom apartments and 4-bedroom duplexes. This will form part of the 2,000 housing units the state government, through its housing corporation, is developing within the Omituntun Estate at Ajoda New Town, along Ife Road in Ibadan.

“The sustainable housing estate designed in line with International Finance Corporation Edge Green Building Specifications will cost N8.5bn. The housing estate project aims to complement the state government’s ongoing upgrading of Ibadan Airport into an international airport and the Ibadan Circular Road project to craft a decent habitat around the Ibadan International Airport corridor.

“The project will be developed under the EPC+F alternative project financing structure. And to be delivered in 12 calendar months.”

According to Tinath, the IFC Edge Green Building certification report for the project has estimated annual CO2 savings of 972.21t Co2 and a lifetime savings, which assumes a building lifespan of 70 years, is put at 68,054.7tCo2, where tC02 is tonnes of C02.

The company’s performance on the development of the ongoing Oyo State GRA, Saki, according to the Chief Executive Officer of Tinath Realties & Investments Limited, Kola Abimbola, separated the company from the crowd of developers that participated in the bidding processes for the two projects.