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What you actually own
Before committing ₦500,000 you should be able to say precisely what you hold, who holds it, and what survives if the platform does not. This page answers all three.
You are not buying a building. You are acquiring shares in the company that owns it.
That distinction carries the whole structure. It is what makes a fraction of a tower possible and what your claim is enforceable against. The approved structure may use SPV shares and a nominee; the asset documents, not this overview, define your rights.
Before an approved offer opens, the asset documents should identify the property, its current owner, purchase or financing status, valuation, title and material encumbrances. The checks required depend on the location and form of tenure; a Certificate of Occupancy is not the only possible title evidence.
A small share of something large
Each square is one percent of a commercial asset valued at ₦120M. Move the slider to see what your investment represents. The offering documents define the actual instrument and rights for an asset. Increasing the amount changes the size of a position, not the legal nature of that instrument.
Illustrative. The asset and its valuation are an example; the platform minimum is ₦500K per asset, and real listings vary in size.
One asset, one company
An offering may place a property in a special-purpose company incorporated for that asset. The company has its own registration, directors, accounts, contracts and liabilities. The offering documents say whether investors subscribe for its shares directly or hold an interest through a nominee or other arrangement.
The consequence is the part worth remembering. The asset company can reduce commingling with Shard. It does not eliminate the company’s own debts, taxes, security interests or legal claims, and it does not guarantee a quick recovery if Shard or a service provider fails.
How your ownership is proved
The statutory register records the company’s legal members. Where a nominee holds the shares, that nominee may be the legal member and a separate beneficial-ownership ledger records your entitlement, units and transaction history.
The offering and nominee documents say which records govern your rights, who maintains them and what evidence of holding you can request. Both records must reconcile; they are not interchangeable.
Legal title and beneficial entitlement
Where the approved structure uses a nominee, legal title sits with the named nominee and your economic entitlement is recorded in a separate ledger. The nominee agreement must define voting, distributions, transfers, insolvency treatment and replacement.
This creates reliance on accurate records and effective administration. Read the asset documents rather than assuming direct registration or that every nominee arrangement works alike.
What if Shard stops operating?
A properly constituted asset company does not automatically cease to exist with Shard. But a platform failure would still be a serious event: records may need reconciling, administrators or nominees may need replacing, and transactions or distributions may be delayed and incur costs. The wind-down and replacement terms in the offering documents matter as much as separation on paper.
This is a description of the structure, not legal or investment advice. Read each asset’s offering documents before investing, and see Risks & liquidity.