When Luqman Edu walked into the office at FilmoRealty and announced that he would be running the real estate company that his mother founded 20 years earlier, he was determined to build on the company’s reputation for innovation in technology and real estate services. “When my mother started the business, residential properties had a hole in the wall where you were supposed to put your AC unit,” says Luqman Edu, Chief Visionary Officer and Managing Director at FilmoRealty. “She built the company by fitting out blocks of apartments with furniture for expats in major international companies, along with gyms, saunas, and chefs to cook Western food. She is considered the first to bring an interactive property management website to Nigeria with a complaints page. I wanted to pay homage to her vision. Today, we offer proptech (property technology) solutions based on cloud technology. Our VAMP control center uses real-time data to provide facilities intelligence and predictive analytics. It is the engine room that supports our products such as Resido, our B2C app for homeowners that want our home management services.”
As FilmoRealty evolves in the context of a traditional Nigerian real estate environment, Edu and his team of millennials have taken advantage of the brand’s equity, and, thinking like a startup, have quadrupled the business in just five years. Edu credits this growth to the team, the company’s proprietary operations software VAMP, and to the fact that FilmoRealty replaced its on-premises server and instances of Microsoft Office with Microsoft 365, a continually updated subscription to the latest Office apps and services. “Our adoption of Microsoft 365 was a necessary step in our transition to a leading-edge proptech company in the Nigerian real estate industry,” says Edu.