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1 Mar 2015
IN a novel move to increase the housing stock and ease accommodation challenges in Abuja, the Federal Capital Territory Administration (FCTA), has selected private investors to develop 15 additional districts.   Under the agreement, the new investors will be provided with a total land area of 3,886 in about 15 districts of the FCT, and a…
EDC-Building
1 Mar 2015
AS part of its commitment to save the environment and the planet earth, an Enterprise Development Centre (EDC) of the Pan Atlantic University (PAU), Ajah, Lagos, last week unveiled a three-storey green building, located within the institution’s campus.   The building, described as example of environmental sustainable building in Nigeria and West Africa consists of…
1 Mar 2015
TOWARDS providing affordable housing for the low income earners, Lagos-based firm, Messrs Le Venue Property Development Company (LVPD) Limited, a member of the Le’ Venue group, has concluded plans to construct 1, 000 housing units across the South-West region of the country.    To make the goal a reality, the firm has commenced the process…
1 Mar 2015
OGUN State government has promised to construct Atan -Agbara Road in Ado –Odo / Ota Local Government Area in order to reduce hardship faced by motorists and residents of the area.   The Special Adviser / Managing Director, OPIC, Mr. Babajide Odusolu who made this known at the commissioning of ALARCO Hotels & Suites, OPIC Agbara…
1 Mar 2015
A piece of land located at Obeagwu Ugbawka and popularly referred to as Akpa land now belongs to the family of Umuigbudu in Nkanu Local Government Area, Enugu State, the Supreme Court, has concluded. Also, the apex court said that the ownership claim by members of Umunwesete clan, could not be sustained and as such…
1 Mar 2015
THE United Nations agency for human settlements and sustainable urban development, United Nations Human Settlements Programme (UN–Habitat) has  launched calls for applications for the Urban Youth Fund.     In its seventh year, the Fund provides grants to projects led by young people aged 15-32 years who are piloting innovative approaches to employment, good urban governance,…
1 Mar 2015
FRESH attempts at rejuvenating the sleepy real estate development sector has begun in Lagos, where a private developer is unfolding a residential scheme in the Lekki corridor that would house almost 750 families.    The development christened  ‘The Views’ Estate and promoted by an indigenous developer, Messrs PrimewaterView Limited is expected to reduce the wide…
1 Mar 2015
AFTER expressing satisfaction over the architectural design of a proposed N700 billion Abuja City Centre project, the Federal government last week urged the promoters, Messrs. Chikason Group and partners, Eagle Hills, Abu Dhabi to immediately commence the project and ensure completion as scheduled.  The FCT Minister, Senator Bala Abdulkadir Mohammed, gave the approval on behalf…
1 Mar 2015
DETERMINED to spice up the retail end of the real estate market, the Benue Investment and Property Company Limited (BIPC) has kicked off the construction of a state-of the art shopping mall and a mini housing estate in Karu, Nasarawa state.    The shopping mall when completed would provide 79 shops of various sizes, a…
1 Mar 2015
FOLLOWING a Memorandum of Understanding (MOU) between the Federal Government and a firm, BASAP Ventures International Limited/JS Neoplans and Artemis Angel Global Limited, a total of 15,000 low cost housing units would be injected into the country.  The project, valued at $1.5billion was said to be completed within the next 12 months.    Minister of…
1 Mar 2015
FOLLOWING the clamour for a conducive environment for Real Estate Investment Trusts (REITS) investors, a key player in the nation’s housing sector, First Security Discount House Asset Management Limited (FSDH AM) has enjoined stakeholders to fashion out an effective and efficient tax regime for REITs in the country.     Participants made the plea in a…
Wind-02-03-2015
1 Mar 2015
AS part of an ongoing facelift of the iconic structure - Eiffel Tower, a New York company this month installed two wind turbines about 400 feet up on the tower, above the second level. They are expected to produce 10,000 kilowatts hours of electricity per year, enough to power the tower’s first floor.   The wind…

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