A New Chapter Begins as “The Retreat” Blends Hospitality, Sustainability, and Everyday Living.
In a momentous event held on Saturday, July 28, Velox Real Estate officially allocated plots for its iconic eco resort estate, The Retreat. This is the first of its kind in South South Nigeria.
This grand milestone comes just months after the groundbreaking announcement by visionary developer Akorvueze Nwakanma, who had unveiled plans to build Rivers State’s first world-class eco-friendly resort estate. It is a bold step towards reimagining urban development in the Niger Delta.
The allocation ceremony marks not just the handover of land but the actualization of a revolutionary concept: a serene fusion of hospitality and residential living. In the words of the CEO, Akorvueze Nwakanma, “We’re not just doing real estate the conventional way. We’re building a lifestyle ,a home away from home. A destination where everyday feels like a vacation.”
Boasting an artificial lake, golf course, greenhouse farms, farm-to-table restaurants, and world-class commercial and recreational zones, The Retreat isn’t just a place to live. It’s a place to thrive. With zero carbon green zones, energy-efficient technologies, and nature-integrated architecture, the estate continues to set a new standard in eco-conscious living.
Nestled in the heart of Port Harcourt, The Retreat is designed to offer a luxurious escape from the hustle and bustle of city life. It gives families and professionals a place to unwind, connect with nature, and live in peace without ever leaving home. The estate’s core philosophy centers around creating a sanctuary that blends the warmth of hospitality with the comfort of premium residential living.
Saturday’s successful allocation brought together stakeholders, investors, and future residents, all drawn by the promise of a lifestyle that transcends traditional boundaries.
As Velox opens this next chapter, The Retreat stands not only as a development project but as a movement. It is a destination that reshapes the real estate narrative in Nigeria.
Port Harcourt, June 13, 2025 ,As the world faces increasing environmental crises, one issue stands tall among the rest: deforestation. With millions of trees lost each year, our planet is losing its natural air purifiers, temperature regulators, and defenders against climate change. The consequences are evident: soaring global temperatures, rising sea levels, and poor air quality. Sadly, the Niger Delta region, including Rivers State, has not been spared.
But amidst the challenge, Velox Real Estate and Investment Limited is rewriting the narrative.
In celebration of World Tree Planting Day, Velox is proud to reaffirm its commitment to global sustainability by planting hundreds of trees across its flagship development, The Retreat Residences and Resort, the first eco friendly and carbon emission free estate in Rivers State.
“We are not just building homes; we are building a future,” says the Velox spokesperson. “Our goal is to integrate nature, wellness, and innovation in every square meter of our estate. The Retreat isn’t just a name; it’s a promise, a retreat into a healthier, greener, and more sustainable way of life.”
By championing tree planting and eco conscious design, Velox is aligning itself with global environmental goals and ensuring that Rivers State takes its place on the world map of climate forward communities.
Why Trees Matter More Than Ever
Trees are more than just greenery. They are life givers. They reduce harmful carbon dioxide, improve air quality, prevent erosion, and offer vital habitat for biodiversity. In a world where cities are expanding faster than forests can regrow, every tree planted is a step toward saving the planet.
This World Tree Planting Day, Velox calls on everyone, individuals, organizations, and governments to act.
Let us make tree planting not just a ceremonial event but a lifestyle. Let us build legacies that breathe.
As the demand for eco-friendly and innovative real estate solutions continues to rise, Velox Real Estate and Investment Limited is taking the lead in redefining the industry in South-South Nigeria. With the launch of the Retreat Residences and Resort, the first of its kind in Port Harcourt, Velox is setting a new standard for luxury living that harmonizes with nature and supports sustainable development.
Located in the heart of Rivers State, the Retreat Residences and Resort offers a unique blend of modern architecture and environmental consciousness. This groundbreaking project is designed to provide a serene, self-sustaining community, complete with lush green landscapes, artificial lakes, and zero-carbon zones, all aimed at reducing the carbon footprint and promoting a healthier lifestyle.
Economic and Environmental Impact
The Retreat Residences and Resort is more than just a residential project; it is a catalyst for economic growth and environmental sustainability in the region. It is set to attract significant investment, create jobs, and enhance property values, providing a major boost to the local economy. The project incorporates cutting-edge green technologies, including energy-efficient systems, sustainable building materials, and eco-friendly infrastructure, aligning with global best practices in real estate development.
Additionally, the project aims to support local communities through its farm-to-table restaurants, greenhouse farms, and conservation efforts, promoting a circular economy and reducing reliance on imported goods. By prioritizing sustainability, Velox is not only creating a luxury living experience but also contributing to the long-term health of the planet.
Redefining Real Estate in Port Harcourt
As the first eco-friendly luxury estate in Rivers State, the Retreat is a game-changer for the local real estate market. It is expected to attract both local and international investors, boosting the region’s tourism and hospitality sectors. The development’s commitment to reducing carbon emissions and promoting a sustainable lifestyle sets a precedent for future real estate projects in the area, positioning Port Harcourt as a leader in green urban development.
A Vision for a Greener Future
Velox Real Estate’s innovative approach reflects a broader vision for a greener, more sustainable future. By integrating luxury with sustainability, the company is transforming the real estate landscape in Nigeria, proving that economic growth and environmental stewardship can go hand in hand.
For more information on the Retreat Residences and Resort, visit Velox Real Estate’s official website at www.veloxng.com.
Velox Real Estate and Investment Limited has taken a remarkable step in youth empowerment by awarding two plots of land to the winners of the Mr. Macho and Miss NYSC (Batch A1) contest held at the National Youth Service Corps (NYSC) orientation camp in Rivers State. This initiative underscores the company’s commitment to supporting the aspirations of young Nigerians and fostering nation building through strategic investments in their future.
In a spirited demonstration of support Velox presented the winners Ms. Kingsley Okoro Chimebere Praise (Miss NYSC) and Mr. Hitler Timipanipre Richman (Mr. Macho) with plots of land providing them with a tangible foundation for financial independence.
Empowering Youth Building Legacies
Speaking on her victory Ms. Kingsley Okoro Chimebere Praise expressed profound gratitude describing the gesture as life changing noting that Velox had made her a landlord at a critical stage in her life. Meanwhile Mr. Hitler Timipanipre Richman visibly moved to tears upon receiving his plot of land praised the company for its bold and inspiring approach to youth support.
For the organizers of the contest this marks the first time a real estate company has gone beyond mere sales to genuinely invest in the futures of young graduates making a lasting impact on their lives.
More Than Just Real Estate Creating Opportunities
In addition to the land awards Velox also extended earning opportunities to interested corps members allowing them to earn up to 1 million naira while still serving reinforcing its belief that national service should be a stepping stone to lasting financial stability. This move further emphasizes Velox’s dedication to empowering young Nigerians to build a strong financial foundation as they prepare for life beyond the NYSC.
“At Velox real estate is not just about land it’s about legacy. By empowering corps members with assets and opportunities we are shaping a new generation of financially independent forward thinking Nigerian youth” a company spokesperson noted.
Port Harcourt, the heartbeat of commerce in South South Nigeria, has long been known as a thriving commercial and industrial powerhouse. From the lively Creek Road Market and bustling Mile 1 Market to the ever-vibrant Oil Mill Market, the city’s economic energy is undeniable.
Whether it’s the dynamic spare parts traders of Ikoku or the multinational corporations in Trans Amadi, Port Harcourt stands tall as the epicenter of business activity in the Niger Delta region.
As the population continues to grow, and with it the entrepreneurial spirit of PITAKWA, the need for a modern, well planned commercial and industrial layout has never been more urgent. Businesses need more than just space, they need a community designed to foster innovation, collaboration, and sustainable growth.
Velox Real Estate and Investment Limited is proud to unveil a groundbreaking development: The Marquis, Port Harcourt’s first ever private commercial and industrial layout, strategically designed to align with the Greater Port Harcourt Development Plan.
More than just a commercial layout, The Marquis is a visionary project tailored for forward thinking entrepreneurs, business moguls, and industrial pioneers. We call it Achalugo, a name that resonates with strength, legacy, and prestige. It is built for ODOGWUs who are not content with mediocrity but are driven to establish enduring empires.
Why The Marquis is a Game Changer
Strategically located along the soon to be commissioned Port Harcourt Ring Road and just a few poles from the Port Harcourt Aba Expressway, The Marquis enjoys unmatched accessibility.
Here’s what makes The Marquis the most strategic commercial investment in Port Harcourt:
Proximity to Major Commercial Hubs: Just minutes from the Onne Wharf, Oil Mill Market, and Eleme Junction
Visibility and Accessibility: Located opposite the Port Harcourt Refinery
Regional Reach: Only 30 minutes drive from Aba, The Enyimba City
Multi Purpose Zoning: Ideal for warehouses, business headquarters, factories, hotels, and serviced apartments
A Business District Where Legacy Begins
The Marquis isn’t just a piece of land, it’s a statement of legacy. It’s where the future of commerce in Port Harcourt is taking shape, and Velox is proud to be at the forefront of this revolutionary initiative.
For entrepreneurs and investors looking to be part of something iconic, this is the moment to make your move.
Don’t just hustle to survive. Build to last. Build with purpose. Build at The Marquis.
In a bold move set to redefine the real estate and tourism landscape of Rivers State, visionary developer Akorvueze Nwakanma through his company Velox Real Estate has officially commenced construction on the first eco-friendly world class commercial and residential resort estate development in the heart of Port Harcourt. This pioneering development, the first of its kind in the state, is poised to revolutionize the region’s urban living and hospitality sector, seamlessly blending luxury, eco-friendly living, sustainability, and economic growth.
The resort stands as Rivers State’s first-ever eco-friendly residential and commercial hub, designed to merge modern architectural brilliance with nature’s serenity. This ambitious project will feature cutting-edge green technologies, lush landscapes, and environmentally sustainable structures, ensuring a perfect balance between urban sophistication and eco-friendly living.
Speaking at the project site with key industry stakeholders, Akorvueze Nwakanma reaffirmed his stunt commitment to advancing the state’s real estate sector, positioning Rivers State as the best destination for high-end tourism experience. “This project is more than just an estate; it is a statement of intent, our pledge to redefine what is possible in urban development. We are creating a haven where business and leisure coexist, where innovation meets sustainability, and where Rivers State emerges as a trailblazer in eco-friendly holiday destinations,” he stated.
The resort is set to house an array of premium amenities, including luxury residences, artificial lake, a golf course, greenhouse farms, a restaurant that offers farm to table dining experience, state-of-the-art commercial spaces, recreational hubs, and lush green zero carbon zones designed to provide an unrivaled lifestyle experience.
Beyond its architectural magnificence, the project is expected to drive significant economic growth in Rivers State, attracting investors, creating employment opportunities, and boosting the local tourism industry. The influx of high-value businesses and residents will enhance Port Harcourt’s global appeal, positioning the city as a prime hub for commerce, leisure, and sustainable living.
As construction kicks off, anticipation is at an all-time high, with real estate investors, business leaders, and prospective residents eager to be part of this transformative journey. This project by Akorvueze Nwakanma’s through his company Velox Real Estate & Investment Limited, is not just a landmark project; it is a bold step towards a greener, more prosperous future for Rivers State.
With a focus on sustainability, the development will integrate energy-efficient systems, eco-friendly building materials, and cutting-edge water conservation methods, setting a new benchmark for green real estate in Nigeria.
In a landmark move marking its fourth anniversary, Velox Real Estate & Investment Limited has officially transitioned into Velox Holdings, unveiling six dynamic subsidiaries poised to redefine Nigeria’s business landscape. The announcement was made during a strategic management meeting attended by key stakeholders, where the company’s Managing Director, Mr. Nwakanma Akorvueze, elaborated on this significant evolution.
The newly established subsidiaries under Velox Holdings include:
Afrilox Energies – Focused on sustainable energy solutions to meet Nigeria’s growing power demands.
Afrilox Agro Ltd. – Dedicated to modern agricultural practices and food security initiatives.
Afrilox Haulage & Logistics – Offering efficient transportation and logistics services across the nation.
Velox Real Estate & Investment Limited – Continuing its legacy in real estate development and investment.
Nest & Roam – A trailblazer in the hospitality and FMCG sectors, offering unique lifestyle experiences and consumer solutions.
Landpay – A proptech platform democratizing real estate by enabling Nigerians to co-own properties and access financial tools such as rent savings and interest-earning wallets.
This strategic diversification aims to create a robust ecosystem that addresses critical sectors of the Nigerian economy, fostering innovation and sustainable growth.
During the management meeting, Mr. Nwakanma Akorvueze expressed enthusiasm about the company’s new direction. “Our transition into Velox Holdings is a testament to our commitment to innovation and resilience. Each subsidiary is strategically positioned to address specific market needs, and together, they form a cohesive unit that will drive economic development and create value for our stakeholders,” he stated.
The transition has also opened wider doors to investors from across the globe, positioning Velox Holdings as an accessible and attractive entry point into Africa’s fast-growing markets. “This model gives every stakeholder a place in our journey,” Mr. Akorvueze noted. “Whether in energy, agriculture, logistics, technology, or real estate, we are building opportunities that invite shared success.”
Velox Real Estate has been at the forefront of pioneering projects, including the development of Nigeria’s first overwater holiday bungalow in Abuja and an eco-friendly commercial and residential resort in Port Harcourt. These initiatives underscore the company’s dedication to sustainable development and enhancing Nigeria’s tourism and real estate sectors.
The Landpay platform further exemplifies Velox’s commitment to financial inclusion, enabling users to co-own real estate with as little as ₦5,000. Features include saving for rent, earning interest on savings, and co-participating in property development, making property ownership more accessible to a wider audience.
As Velox embarks on this new chapter, the company remains steadfast in its mission to deliver exceptional value across its diversified portfolio.
Welcome to the Velox way of life , see you at the other side of cash flow.
Have you wondered why someone owns properties in different locations and has investments there, yet is not gaining from them? It can seem like a wasted effort or a waste of resources.
Buying real estate properties is a wise investment, but the neighbourhood or location of the property is crucial in determining its potential for generating income. When considering purchasing a property, the location is the most important factor. Owning properties in thriving and developing areas can lead to a lucrative return on investment, as they tend to appreciate over time.
Importance of Location in Real Estate Investment
Location is one of the most important considerations when investing in real estate in a country like Nigeria. The right location can significantly impact the value and long-term advantages of your investment, especially in a country with diverse cultures, landscapes, and economic prospects.
1. Security and Safety
Location determines the security and safety of a place. In today’s world, safety and security are high priorities. People find out about the crime rates, presence of security personnel, and effectiveness of law enforcement in their area of interest. Properties in safe neighbourhoods are often more attractive to potential buyers or tenants because of the security and peace of mind they provide.
2. Infrastructure and Transportation
Infrastructure and transportation opportunities in a particular location determine how attractive the property is. The construction of new roads, bridges, and public transportation systems improves the quality of life for residents and makes various neighbourhoods more accessible and desirable for businesses and investors. In Port Harcourt, infrastructures like flyovers, good roads, railways, etc. contribute to a good investment location.
3. Population Growth
Locations with steady population growth attract people due to their economic opportunities. People from all over Nigeria and beyond are drawn to the city for better life and career prospects. The increasing population fuels the demand for housing and commercial spaces, creating an environment ripe for real estate investment.
4. Commercial and Financial Hub
Port Harcourt is home to numerous multinational corporations, banks, financial institutions, and a thriving business ecosystem. The city has established itself as a significant commercial and financial hub, attracting both domestic and international investors which makes it attractive to investors and buyers.
5. Proximity to Essential Amenities
The location of a property is one of the most important factors to consider when making a real estate investment in Nigeria. It can often make or break the success of your investment. First and foremost, location significantly influences property value. A property in a good location, such as a bustling urban area or a neighbourhood with good infrastructure, tends to appreciate value over time. On the other hand, a property in a less desirable location may not see the same level of appreciation.
Consider how close the property is to schools, hospitals, shopping centres, and public transportation. Properties in areas with easy access to these amenities are generally more attractive to potential buyers or renters, increasing your property’s demand and potential for rental income.
Research and keep an eye on areas that are attracting investments and government attention, as these may be the next big real estate markets in Nigeria.
By carefully considering the location of your property and its growth potential, you can make a more informed decision and maximize your real estate investment’s returns.
Real estate has created more millionaires than any other type of investment due to its long-term high returns and the substantial amounts people invest in. There is no limit to the amount of property one to acquire. Buying properties is like stocking a warehouse during the dry season in preparation for rainy days. It is similar to stocking up on supplies before a big storm: you prepare in advance to meet future demand and secure your investment. In this post, we will look intensively who a realtor is.
The Importance of Strategic Property Buying
Although buying properties is a good thing, it’s not enough to buy properties everywhere. You don’t just wake up and immediately buy one. It is important to be guided, and you can do this with the help of a realtor or a real estate consultant.
A Realtor is a licensed real estate professional who is also a member of the National Association of Realtors (NAR). They provide high ethical standards, a vast network, seeking and negotiating expertise, competence, and outstanding service throughout the real estate transaction.See also The role of a Realtor.
When considering purchasing a property, selecting the appropriate realtor is among the most crucial choices you will have to make. You must use caution when selecting this option because many people can pretend to be real estate agents even when they lack the necessary qualifications. Inquire with confidence, and don’t be concerned about offending your potential agent by raising difficult questions. To determine whether an agent is a suitable fit for you and the transaction you’re looking for, it’s a good idea to speak with at least three of them and ask them some relevant questions.
Essential Questions to Ask a Potential Realtor
1. When did you start working as a realtor?
This question helps you understand the realtor’s experience in the field.
2. Which real estate companies do you work with?
Knowing the realtor’s affiliations with different companies gives you an idea of their network and resources.
3. Where are the locations of your listings?
This question helps you know where their properties are located, which is crucial for making informed decisions about potential purchases.
4. What are the prices?
Asking about prices gives you an idea of the affordability and range of properties the realtor deals with.
5. How is the allocation done?
Understanding how properties are allocated helps you grasp the process involved in acquiring a property through a realtor.
6. How long do I have to wait to get my property?
This question gives you an estimate of the time it takes from making a purchase decision to actually owning the property.
7. What is your schedule like?
Knowing the realtor’s schedule helps you plan meetings and interactions more effectively.
8. Which real estate association do you belong to?
Understanding the realtor’s association affiliation gives you insight into their professional network and the standards they adhere to.
These questions will enable you to know which realtor to work with.
The Risks of Entering the Real Estate Market Without Guidance
Entering the real estate market solely with the intention of buying properties, without a clear idea, is like walking into a new house at night. You will likely stumble over furniture since it’s your first time entering the house.
CONCLUSION
Investing in real estate is a powerful way to build wealth and ensure financial stability. However, it is crucial to approach the market with a clear strategy and the right guidance. By working with a knowledgeable realtor, you can navigate the complexities of property buying with confidence and avoid common pitfalls. Asking the right questions and choosing a well-connected, experienced realtor will set you on the path to successful real estate investments. Remember, real estate is not just about buying properties; it’s about making informed decisions that will benefit you in the long run. With careful planning and professional assistance, you can turn your real estate investments into a thriving source of wealth and security.
Everyone is talking about real estate. What exactly is it about? What makes it so popular that people are rushing into it? These are the questions we are answering today as we explore real estate and its types.
Real estate refers to land and the structures on it, whether natural or man-made, including developments and improvements such as buildings, homes, railways, parks, and so on, which can be used for commercial, agricultural, and residential purposes. Owning real estate goes beyond the financial aspect; it provides stability and fosters a sense of belonging.
REAL ESTATE FLAVOURS
Land
Land is the bedrock of all real estate properties. These are empty or vacant lands, which the owners can decide to develop for different purposes. The most interesting part is that any natural resources that come with the land, like trees or minerals, automatically belong to the owner. Imagine owning a plot of land with trees like Hevea brasiliensis, the primary source of natural rubber, or minerals like crude oil, coal, or zinc.
Residential Real Estate
Housing is a primary need – everyone needs a roof over their head. These are buildings or properties that are used for housing purposes. They are designed for individuals or families. Such as townhouses, duplexes, single-family homes, and apartments or flats. Residential real estate plays a pivotal role in the economy. It provides homes for families to live in, and as an investment, it serves as a means of securing a future for generations to come.
Commercial Real Estate
Commercial real estate is primarily used for business purposes. These properties are leased out to tenants who use them for various commercial activities, like schools, shopping centres, shops, restaurants, hospitals, or hotels, etc. This type of real estate is influenced by factors such as location, economic conditions, market demand, and zoning regulations. Port Harcourt Farm City, a development by Velox Real Estate & Investment Location is a perfect example of commercial real estate. Here, owners of the plots of land can decide to go into livestock, plantain plantations, cassava plantations, or any farming system of their choice.
Industrial Real Estate
These include land and structures used by industries for business purposes. These properties are very important to the local economy and include construction, factories, mechanical production, and manufacturing. A company can decide to take over the construction of a major road leading from the community to the main market. This helps improve infrastructure, facilitate trade, enhance accessibility, and boost the economy of the region.
THE SECRET OF SUCCESSFUL REAL ESTATE VENTURE
Pondering about what type of real estate to invest in? Don’t be in a rush!
While real estate is widely regarded as a good investment, it is important to note some key factors to ensure a well-informed investment decision.
Capital: The capital needed for a real estate investment varies based on the investment goals, property size and type, and market conditions. Capital is needed for the purchase of property, property improvement, maintenance, emergencies, etc.
Location: This is a critical factor when discussing the profitability of real estate. The location of the property influences its value and income potential. Locations with good access to roads, markets, schools and developmental pointers, tend to attract higher demand, leading to high returns on investment.
Investment Purposes: It is important to clarify the reason for your real estate investment. Are you purchasing the property for personal use, rental income, business, short-term, or long-term profit? Clearly defining your investment purpose guides your decision-making process and aligns with your financial goals.
Profit Opportunities: Do not be too desperate to start. Before investing in real estate, conduct thorough market research to gain an understanding of the profit opportunities available. Evaluate the rental income and the appreciation potential of the property.
Obtaining Loans: Borrowing or taking loans can be an option, but be careful and make sure that you understand how to handle loans to avoid high levels of debt or over-leverage.
Although real estate is generally considered a wise investment, it is heavily influenced by its location, and other variables that can impact its value include employment rates, the local economy, crime rates, transit options, school quality, municipal services, and property taxes. All these will enable you to know which type of real estate you want to invest in to suit your preferences, financial goals, and risk tolerance.
Real estate is undoubtedly one of the best investment options because of its value-adding potential. This helps in wealth accumulation, economic growth, investment returns, and financial security.
Contact Velox Real Estate and Investment Limited to assist you in making informed real estate investment decisions.
