By Dipo Olowookere
The head office building of Cornerstone Insurance Plc located on Oba Yesufu Abiodun Road, Victoria Island, Lagos, has been sold, the insurance company confirmed on Friday.
A notice by the firm today said the property, held by a Special Purpose Vehicle (SPV), was sold to the new owners after receiving approval from the board of directors of the company.
It was stated that the building was jointly owned in partnership with Capital Alliance Property Investment Company Limited and FIN Insurance Company Limited.
“Cornerstone Insurance PLC wishes to inform its esteemed shareholders, stakeholders, the Nigerian Stock Exchange (NSE) and the general public that following the company’s board approvals, the sale of the company’s property situate at Oba Yesufu Abiodun Road, Victoria Island, Lagos held by a Special Purpose Vehicle (Cap Phoenix Cornerstone Limited), has been finalized.
“The property was jointly owned in partnership with Capital Alliance Property Investment Company Limited and FIN Insurance Company Limited,” the disclosure said.
