We Are Not Only Preserving Odu’a Investment Legacy, But Repositioning With Foresight – Group Chairman

*Otunba Ashiru. holds ground breaking for redevelopment of Obafemi Awolowo House.

By; BAYO AKAMO, Ibadan

The Group Chairman, Odu’a Investment Company Limited, Otunba Bimbo Ashiru on Wednesday, said that the company’s management is not only preserving its legacy, but repositioning with intelligence, foresight, and purpose.

Otunba Ashiru made this known while speaking at the Ground breaking ceremony of Awolowo House Tech Mall, Obafemi Awolowo way, Ikeja, Lagos.

He stressed that the ground breaking ceremony for the redevelopment of Obafemi Awolowo House into a state-of-the-art Technology Mall goes beyond the launch of a real estate project as it marks another bold step in the strategic evolution of the Odu’a Group.

Otunba Ashiru maintained that the ” redevelopment is a clear statement of our resolve to preserve our heritage, while positioning our assets for relevance and value in the current and future marketplace”.

According to him.,” Our focus remains on developing projects that not only deliver financial returns, but also foster inclusive growth, urban resilience, and regional competitiveness”.

” It is part of our deliberate expression of our transformation agenda and our commitment to unlocking value from legacy assets through innovation, partnerships, and visionary thinking.Aligning Heritage with Vision Obafemi Awolowo House, once a landmark of architectural excellence in the 1980s, is now poised for a new era, reimagined as a modern technology hub that meets the demands of a fast-evolving digital economy”, he said.

Otunba Ashiru added, ” This redevelopment is a clear statement of our resolve to preserve our heritage, while positioning our assets for relevance and value in the current and future marketplace. Through this transformation, we are aligning our legacy with the future, ensuring that what was once iconic remains impactful.Strategic Asset Optimization in Action.

” This project is the outcome of OICL’s strategic shift from passive asset management to proactive, value-driven real estate investment and under the leadership of our flagship real estate subsidiary, Wemabod Limited, and in joint venture with El-Salem Nigeria Limited, this initiative reflects the strength of our partnerships and the clarity of our investment direction”.

He stressed that the Awolowo Tech Mall when completed will serve as a catalyst for commercial activity in the Ikeja Central Business District and a launchpad for youth innovation, business incubation, and technology-driven enterprise.

Chairman, Board of Directors, Wemabod Limited, Engr. Nureni Oladipo Adisa said the event marked not just the start of construction work but the beginning of a new chapter in the enduring story of Wemabod Limited.

Engr Adisa stated that Awolowo House has long stood as one of our most iconic properties, a reflection of our rich legacy in Nigeria’s real estate space”, adding, “However, legacies must evolve to remain relevant. And so, with this redevelopment, we are choosing to preserve our past by boldly transforming it to meet the future”.

” This redevelopment will see the existing structure evolve into a five-storey, ultra-modern commercial complex to be known as the Awolowo Tech Mall. Given its strategic location along Obafemi Awolowo Way and its proximity to the bustling Computer Village, this hub is envisioned as a thriving magnet for technology firms, service providers, innovators, and entrepreneurs”.