Rest Realty has officially secured and completed the signing of a landmark land deal covering one million square meters, marking a major step toward the development of Nigeria‘s first-ever Snow City Park.
The historic acquisition lays the foundation for a first-of-its-kind tourism and lifestyle city to be located in Ibadan, Oyo State.
The Snow City Park is designed to emerge as a major tourism hub, attracting both local and international visitors while redefining leisure, entertainment, and urban development in Nigeria.
According to Rest Realty, the project is projected to attract no fewer than one million tourists annually, positioning Ibadan as a new destination on Africa’s tourism map.
Speaking on the vision behind the project, the Founder of Rest Realty, Stephen Akorede, said the initiative is driven by a determination to challenge the conventional approach to real estate development in Nigeria.
Drawing from his experience of living in Dubai for over four years, Akorede explained that exposure to bold innovation, strategic planning, and world-class infrastructure reshaped his understanding of how intentional development can transform cities and communities.
“This land acquisition is our first step into what will become a multi-billion-naira development. We are stepping forward to do what many believe is impossible, because meaningful development requires courage, innovation, and a clear vision,” Akorede said.
He added that beyond the Snow City Park itself; the proposed city will feature a comprehensive mix of residential and commercial infrastructure.
Plans include residential homes for over 1,000 residents, office spaces, schools, a massive central park, investor lounges, a dedicated tech founders’ lounge, and a structured residents’ identification system designed to enhance security and efficient city management.
He assured investors of the project’s strong economic prospects, noting that its design and tourism-driven model are expected to deliver substantial value.
Projections, according to the company, indicate the potential for significant investment growth within 24 months of development milestones.