Seventeen months, eighteen days, six lawyers, four issuing houses, countless meetings, meticulous checks, and a rock-solid balance sheet—all of this culminated in a landmark financial achievement for Sujimoto Holdings as FMDQ Securities Exchange Limited approved a ₦20 billion commercial paper (CP) for the company.
This approval serves as a vote of confidence in Sujimoto’s financial stability, corporate governance, and investment viability. With a Triple BBB+ investment rating, Sujimoto has once again reinforced its dominance in Nigeria’s luxury real estate sector, proving its resilience in an economy riddled with forex fluctuations and inflationary pressures.
The funding will drive Sujimoto’s ambitious expansion plans, with a significant portion allocated to the LeonardoBySujimoto—Nigeria’s tallest residential building, designed as a beacon of architectural and economic prosperity.
A Rigorous Process to Financial Milestone
According to Dr. Sijibomi Ogundele, Group Managing Director of Sujimoto Holdings, the journey to securing this commercial paper was a true test of resilience and integrity. The company had to demonstrate the viability of its projects while maintaining strict adherence to corporate governance and financial transparency.
Despite challenges within Nigeria’s macroeconomic landscape, Sujimoto has consistently defied the odds, delivering benchmark-setting luxury real estate projects. From the successful Medici Residences in Ikoyi to the soon-to-be-completed LucreziaBySujimoto—a breathtaking 15-storey luxury property in Banana Island—Sujimoto has built a legacy of excellence.
The approval of this ₦20 billion Commercial Paper by FMDQ is more than just an access to capital; it’s a testament to the trust Sujimoto has built with investors, financial institutions, and stakeholders. Through corporate restructuring, financial prudence, and strategic vision, Sujimoto has positioned itself as a market leader in the Nigerian capital market.
Shifting from Off-Plan Sales to Strategic Capital Deployment
For many developers, off-plan property sales serve as the primary funding model. However, Sujimoto is changing the game.
“Selling off-plan properties is one of the assets for young developers who rely on Other People’s Money (OPM) to raise capital. However, for us, this approach has been one of our biggest detriments. More often than not, we find ourselves selling at prices far below their true value,” Dr. Ogundele explained.
A prime example is the Giuliano project, initially priced at ₦280 million in 2020. By December 2024, the same units had appreciated to ₦2.2 billion—an 800% return on investment. Units that should have sold for $500,000 are now valued at $1.5 million.
With the ₦20 billion commercial paper, Sujimoto will now make substantial upfront investments into its projects, hold onto properties until they reach their true market value, and maximize revenue from sales and rentals.
LeonardoBySujimoto: Nigeria’s Tallest Residential Tower
After two years of meticulous planning and full approval from the Lagos State Government, Sujimoto is set to break ground on the LeonardoBySujimoto project—Nigeria’s most iconic 36-storey residential skyscraper.
With over ₦22 billion in committed off-taker payments and ₦200 billion in off-plan assets, the project has already garnered immense market confidence. Investors are eagerly awaiting its launch, having made substantial down payments in anticipation of securing their luxury units.
This waterfront high-rise, surpassing the NECOM House in scale, is set to redefine luxury, innovation, and architectural excellence in Africa.
Unparalleled Luxury Features
•First-ever Krion façade system in Nigeria, from Spanish brand Porcelanosa
•Fendi-designed 5-star interactive lobby
•Helipad for swift convenience
•48-seater IMAX cinema
•Two international restaurants
•Technogym fitness center
•Six temperature-regulated Olympic-sized swimming pools
•Mini-mart, clinic, hair salons, crèche
•Cutting-edge home automation system, allowing residents to control lighting, music, and security remotely
With competitively priced units, LeonardoBySujimoto is positioned above all other high-end developments in Ikoyi and Eko Atlantic, offering a unique blend of futuristic design and world-class amenities.
A Powerful Reflection of Market Confidence
Sujimoto’s Triple BBB+ credit rating, upgraded by DataPro, further strengthens its credibility in the capital markets. This, alongside a clear balance sheet and sound corporate governance, has earned the trust of financial institutions and investors.
The ₦20 billion commercial paper represents more than just financial backing—it is an endorsement of Sujimoto’s financial discipline, vision, and capacity to deliver on large-scale projects.
With ₦2 trillion worth of projects in the pipeline, Sujimoto’s vision extends far beyond luxury real estate.
Strategic Investment Banking Partners
This landmark funding was secured through top-tier investment banking partners, including:
•Cowry Asset Management Limited
•Investment One Financial Services Ltd
•Cordros Capital Limited
•PAC Capital Ltd
•ICMG Securities Limited
Sujimoto remains committed to meeting all financial obligations before the expiry date, ensuring full repayment with accountability and integrity.
Expanding Beyond Real Estate
Sujimoto is not just a real estate giant; it is now a diversified investment powerhouse.
Upcoming Sujimoto Projects:
1.Sujimoto Twin Towers (STT) – Africa’s tallest twin towers (44-storey) with residences, hospitality, and retail.
2.Queen Amina Mixed-Use Development, Abuja – Ultra-luxury apartments, maisonettes, and penthouses.
3.AdebukolaBySujimoto – Exclusive townhouses in Ikoyi.
4.Sujimoto Cement – A high-performance cement brand with superior durability.
5.Motopay – A fintech platform for seamless digital transactions.
6.Sujimoto Farm Estate – 30,000-hectare agro-tourism and food security project, scaling to 2 million hectares by 2030.
Luxury Lifestyle & Hospitality Ventures:
•Sujimoto Residences – High-end short-let apartments
•Euphoria Pool & Restaurant – Exclusive fine dining experience
•Silencio Nightclub – A private elite club for Nigeria’s wealthiest individuals
Investor Takeaways: Why Sujimoto is the Market Leader
•Stable investment outlook with strong liquidity
•Robust enterprise risk management and corporate governance
•A visionary board with over 30 years of experience in scaling unicorns
•Proven track record of delivering projects with 200%+ ROI
Dr. Sijibomi Ogundele’s Vision
“To understand the future of any company, you must measure its past, present, and future trajectory. Despite macroeconomic challenges, Sujimoto continues to thrive. Today, we are fulfilling our vision of becoming a part of Nigeria’s capital market and giving Nigerians the opportunity to be part of our transformative growth.”
With a decade of groundbreaking achievements, Sujimoto is the undisputed leader in Nigerian luxury real estate. “Sujimoto doesn’t just own the market—Sujimoto is the market!”
For investors, this is more than just real estate—it’s an entry into a world where value appreciates beyond expectation.
