Key Highlights
- Palm City successfully hosted its 2025/2026 Annual Stakeholders General Meeting with over 500 participants, both physically and virtually.
- Palm City Agunrege (Phase One) sold out in under one year.
- Palm City has officially rolled out Palm City Ogbomoso, expanding its project footprint.
- CEO Olisa Umerah reaffirmed Palm City’s mission to redefine wealth creation in Africa.
Xymbolic Development, a real estate development company, hosted its 2025/2026 Palm City Annual Stakeholders General Meeting on 13th February, 2026, with over 500 stakeholders attending both physically and virtually. The meeting provided a platform to review the project's progress, celebrate achievements from 2025 to date, address challenges, and explore strategic solutions.
The Annual General Meeting facilitated meaningful engagement, allowing investors and the management team to exchange ideas and strengthen relationships. Olisa Umerah, the Chief Executive Officer, stated that Palm City was founded with a forward-thinking vision to redefine how Africans invest in real estate by creating wealth-generating assets that deliver long-term value beyond land ownership. He emphasized, "Palm City is not just a project – it is a movement towards generational wealth.”
This approach has positioned Palm City as a standout project in the real estate and agricultural investment space, attracting investors seeking opportunities that combine land ownership with economic productivity. Palm City integrates agriculture and real estate to provide investors with the opportunity to build sustainable wealth through agro-real estate.
During the meeting, stakeholders revisited the rapid sell-out of Palm City – Agunrege, Phase One of the project, in under one year. This milestone reflected growing investor confidence in agro-real estate and the credibility of Palm City’s structure.
Following the success of Palm City – Agunrege, Xymbolic Development Limited and Yield Ruse Africa have expanded with the launch of Palm City, Ogbomoso Estate, which is currently open to the market. This expansion represents Palm City’s commitment to scaling its impact and creating more opportunities for investors to build wealth.
The continued growth of Palm City indicates a shift in the investment mindset of Nigerians and Africans, with more people becoming intentional with their finances and aware of wealth-building strategies. Palm City remains committed to its mission of helping Africans build sustainable wealth through land ownership, agricultural productivity, and long-term value creation. Xymbolic Development expressed appreciation to stakeholders for their trust and reaffirmed its commitment to transparency and investor satisfaction.
During the meeting, the Chief Executive Officer – Xymbolic Development Limited reiterated the vision behind Palm City: to redefine how Africans use and invest in real estate by creating wealth-generating assets that deliver long-term value beyond land ownership.