Novarick Homes Repositions Management for Sustainable Growth

By Modupe Gbadeyanka

A real estate firm, Novarick Homes and Properties, has taken a huge step to reposition its management and business development for sustainable growth.

The board recently approved the appointment of Mr Otonye Tony Lolomari as a non-executive director and he is expected to bring his over 24 years of industry experience with leading companies and experts in different continents like Europe, Africa and the USA into the firm.

According to the CEO of Novarick Homes, Noah Ibrahim, the new appointee will position the company to make better decisions and propel the brand to a greater height.

“We intend to continue collaborating with a top professional within and outside our industry to achieve a well-rounded organisation,” he noted.

Mr Lolomari, whose appointment became effective from January 21, 2021, was once the director of ICE Commercial Power before moving Chevron, Husky Energy and Schlumberger in Trinidad.

Prior to his appointment, he contributed and rendered supports in various forms to the goals and objectives of Novarick. The strong passion for inclusion, experimentation and empowerment drives his career towards a distinguished level of proficiency.

Novarick Homes is a fast-rising real estate development firm based in Lagos and was incorporated in 2018. The company is also focused on bridging the housing gap by building affordable and eco-friendly communities in Nigeria.

The firm operates other subsidiaries in segments like Property Development, Property Investment, Property Procurement & Advisory, Joint Ventures and Facility Management. The company is also working actively to achieve number 7, 9 and 11 of the 17 World Sustainable Development Goals.

Over the years, it has provided green, sustainable and smart real estate solutions using clean and renewable energy. Some major on-going projects include the Ruby Apartments, Nova Gardens and WAZOBIA Courts, all in Lagos State.